Native Transaction Fee
OilXCoin introduces a unique approach to transaction fees, primarily viewing them not as a cost for the holder, but as an avenue for fortifying the very essence of the token. This perspective fundamentally shifts the view towards this fee, turning each one into an investment that reinforces the strength and resilience of OXC.
The "Native Transaction Fees" are fees that will be levied by the issuer on transfers of OilXCoin tokens entered on the blockchains used by OilXCoin (including without consideration) when the following conditions are fulfilled ("Qualifying Transfers"):
The transfer makes use of the OilXCoin smart contract;
The levy of the fees has been deemed technically feasible by the issuer;
The issuer has not determined that such transfer (or the relevant category of transfers) is exempted from the fees.
The Native Transaction Fees are in the amount of 0.75% of the OilXCoin tokens transferred in the Qualifying Transfers. The Royalty will therefore be paid in OilXCoin tokens.
There can be no assurance as to the amount of the Native Transaction Fees paid to the issuer. Large quantities of transactions may be entered into in a manner that does not allow for the collection of the Native Transaction Fees, such as (but not limited to) transactions involving certain DeFi protocols.
The issuer may, at its discretion:
exempt certain transfers or wallets from the Native Transaction Fees, including, but not limited to, transfers involving wallets controlled by the issuer, smart contracts operated by the issuer, or certain DeFi protocols;
reduce or cancel the Native Transaction Fee.
A minimum of 70% of the native transaction fee is used for reinvestment in the asset base and operational costs (see “Reinvestment Strategy”).
A fixed 12% of the transaction fee is allocated as a royalty to holders of the OilXCoin NFT.
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