8% tax distribution using Rebase Mechanism

Cryptbaseprotocol
1 min readDec 20, 2020

About CryptBase

CryptBase?

On every transaction, a 8% fee also known as indirect tax is charged and this tax is redistributed to all CRPB holders equally according to their hodlings using a rebase mechanism.

This mechanism allows CRPB holders to be rewarded automatically to their wallets without having to move a finger. This process is initiated by the Rebase mechanism which helps holders save transaction fees.

Using the Rebase mechanism, Community members i.e holders of CRPB would be rewarded by holding unto their tokens which would in turn bring huge value to the Ecosystem thereby increasing their assets.

How is the tax distributed?

⚫The Total Supply is 1900 (Fixed)
⚫Taxes are distributed to holders automatically using the Rebase mechanism without Staking
⚫90% of raised ETH and 600 CRPB will be added to Uniswap Liquidity
⚫CRPB are automatically sent out when you deposit ETH to the Contribution address.

Why CryptBase?

The traditional Finance System was designed to force you and I to pay taxes. With CRPB, taxes are not paid but distributed accordingly for the benefit of everyone.

Tokenomics.

Total Supply 1900

Presale 960 CRPB.

Liquidity 600 CRPB

Marketing 200 CRPB

Team 100 CRPB

Advisor 40 CRPB

Presale.

Softcap 30 ETH.

Hardcap 60 ETH

1 ETH - 16 CRPB

Unsold tokens will be burnt.

Website http://cryptbasedefi.com

Telegram https://t.me/cryptbasechat

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Cryptbaseprotocol
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An Ethereum Blockchain project using the Rebase mechanism to distribute 8% tax to all Community members