A brand new governance poll has just arrived! This time, we have a hot topic that has been widely discussed in the community in recent months, and particularly present in AMAs on discord - the 10SET token tax. We now want to conduct an official poll and get the community’s feedback on whether the 10SET token tax should be changed from 4%.

The poll is now live here: https://www.tenset.io/en/governance.

Currently there is a 4% tax placed on every 10SET token transaction on the blockchain (buy/sell on DEX, and transfer between wallets). 2% of this is immediately burned for deflation, with the remaining 2% going to stakers on Infinity - 1% for token stakers, and 1% for TGLP NFT stakers.

We have observed the trading volume in recent months and received several comments from users suggesting that 4% might be too much of a barrier for new users. As a result, we are now exploring lowering this barrier, to facilitate greater volume and attract new holders, while still keeping the attractive tokenomics structure of burning and healthy non-inflationary staking rewards.

We hope the community will take the time to consider this new proposal and engage in discussion in our community channels. The poll is now open for 72 hours, so there is plenty of time for everybody to participate and share their opinion.