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Framework Ventures Co-founder: Sales Tax Can Replace Lockup

2023-09-18 13:07:12

ChainCatcher news, Framework Ventures co-founder Vance Spencer stated on social media that during token distribution, there should be an attempt to replace locking tokens for a period of time by imposing a certain percentage of sales tax.

One example is to impose a 90% sales tax during the first year of sales, then decrease it by 30% each year. The tax revenue goes into the treasury. This is a better way of token distribution than locking.

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