GreenCandles (GREEN) is a deflationary token on Binance Smart Chain, with a 10% tax applied to every transaction. This tax is split and rewarded to holders of GREEN and the locked liquidity pool.
Every buy, sell, or transfer of $GREENShow more [+] incurs a 10% tax. This tax is split between rewarding holders of $GREEN and growing the locked liquidity pool. 7.5% is reflected to current holders to incentivize retaining the asset. That means with every transaction, $GREEN holders can see their stack automatically grow. 2.5% is allocated to the liquidity pool to facilitate trading. Since 7.5% of every transaction is taxed and rewarded to holders, the “burn wallet” (counts as a holder) grows with every transaction. Therefore, every transaction of GreenCandles reduces the circulating supply, increasing scarcity of the tokens.
With every transaction, tokens are burnt, the liquidity pool grows, and $GREEN holders are rewarded!