Native Transaction Fee

OilXCoin introduces a distinctive approach to transaction fees, treating them as an integrated element of the project’s economic structure rather than a mere cost to the holder. These fees contribute to the ongoing maintenance and reinvestment mechanisms that support the OilXCoin ecosystem.

The “Native Transaction Fees” are fees levied by the issuer on transfers of OilXCoin tokens recorded on the relevant blockchains (including without consideration) when the following conditions are met (“Qualifying Transfers”):

  • The transfer makes use of the OilXCoin smart contract;

  • The levy of such fees is deemed technically feasible by the issuer; and

  • The issuer has not determined that such transfer (or category of transfers) is exempt from the fees.

The Native Transaction Fee amounts to 0.75% of the OilXCoin tokens transferred in the Qualifying Transfers and is collected in OilXCoin tokens.

There can be no assurance as to the total amount of Native Transaction Fees that may be collected. Transactions may occur in circumstances that prevent the collection of such fees (including, but not limited to, transactions via certain DeFi protocols).

The issuer may, at its discretion:

  • exempt certain transfers or wallets from the Native Transaction Fees, including transfers involving wallets or 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 will be reinvested into the company’s operational base and related assets (see “Reinvestment Strategy”). A fixed 12% of the transaction fee will be allocated as a royalty to holders of the OilXCoin NFT.

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