Soap's Buy and Sell Fees

Transaction Fees

Soap Token's buy and sell fees play a crucial role in its hyper-deflationary nature. The Soap Smart Contract has been designed to safeguard token holders from arbitrary changes to tax charges and percentages.

The smart contract ensures that tax system cannot be turned off, nor can the tax percentages be reduced. However, the tax percentages can be redirected to go straight into the burning mechanism rather than Auto-LP. This change accelerates the burning rate of Soap Tokens, leading to a quicker decrease in the total supply of tokens.

All fees generated by Soap Token (14% for buys and 16% for sells) are used solely for burning and insurance, which boosts the value of the remaining tokens over time. As a result, holding Soap Tokens not only provides you with a valuable asset but also empowers you to contribute to the reduction of the token supply and the token's growth in value.