The SNOWGE BEP-20 token features a random
2%, 4%, 6% or 8% reflectionary transaction fee on every transaction. This creates a deflationary effect on the token itself, simultaneously rewarding token holders, increasing the inferred value of the token through burns, and increasing/improving market liquidity of the token.
The randomization aspect of the transaction fee is
based on the current block height, and is calculated via the following formula:
TotalTransactionFee = 2 * ((BlockHeight % 4) + 1)
Thus, a block height of 4000000 would result in a transaction fee of 2%, a block height of 4000001 would result in a transaction fee of 4%, and so on. At a block height of 4000004, the transaction fee would reset to 2%.
The transaction fee is further broken down as follows, where the burn address (
0x000000000000000000000000000000000000dead) is also one of the addresses that owns SnowgeCoin.
SnowgeDistributedAmount = SnowgeTransactionAmount * (randomized fee(0.02, 0.04, 0.06, 0.08))
SnowgeDistributedPerAddress = SnowgeDistributedAmount * AddressOwnedSnowge/TotalSnowge
SnowgeLPCreatedPerTransaction = SnowgeDistributedAmount * LPAddressOwnedSnowge/TotalSnowge
Each transaction fee has several distinct pieces. At the time of writing, the burn address contains 1.85% of the total SnowgeCoin supply.