GlobalGive 'Toxic Whale' Tax Toxic Whale Tax The To x ic Whale ta x is the most effecti v e w a y to pre v ent large w allet price manip u lation in the infanc y of cr y pto projects B y financiall y p u nishing large sales , w e disco u rage repeat offenders and enco u rage long term , health y price gro w th thro u gho u t the life of the token Stop s u ffering at the hands of w hales , in v est in a token that protects all HODLers The intent of the w hale killer mechanic is to ens u re the health y gro w th of the Global Gi v e Token d u ring the initial ( pre e x change ) pricing Too man y times d u ring the initial beginnings of a token , large w allets (w hales ) are able to drasticall y dip the price leading to panic sales b y other w allets , dipping the price e v en f u rther If w e look at transactional trends , w e w ill t y picall y see the same w hale w allet reb uy ing on the ( artificial ) dip to impro v e their position , and start the same price - s u ppressing c y cle all o v er again This tends to stagnate projects and h u rt in v estor confidence in the long and short term , w e ha v e fo u nd the sol u tion - a progressi v el y increasing transaction ta x based on the percentage of said transaction v s the total s u ppl y. 02 An additional fee w ill be assessed w hen selling v ia Pancake S w ap at the follo w ing rates : a 1% increase in the ta x for e v er y 0.1% of the total s u ppl y the transaction represents For e x ample : Sho u ld the transaction represent 0.5% of the total s u ppl y, a 5% additional ta x w o u ld be assessed This w o u ld make the transaction ta x a total of 15%. That 15% w o u ld be split like all other transaction ta x es Sho u ld the transaction represent 1% of the total s u ppl y, a 10% additional ta x w o u ld be assessed This w o u ld make the transaction ta x a total of 20%. That 20% w o u ld be split like all other transaction ta x es This ta x w ill scale all the w a y do w n to ens u re that “ gaming ” the s y stem j u st belo w an arbitrar y threshold is not feasible This means y o u can calc u late the total transaction ta x for a transaction ( incl u ding the base 10%) u sing the follo w ing : This fee w ill be assessed in addition to Pancake S w ap ’ s price impact fees We belie v e w e ha v e str u ck the balance bet w een pre v enting artificial price stagnation w hile also not being o v erl y restricti v e to a majorit y of b uy ing and selling transactions An additional fee w ill be assessed w hen selling v ia Pancake S w ap at the follo w ing rates : a 1% increase in the ta x for e v er y 0.1% of the total s u ppl y the transaction represents For e x ample : 03 The content of this doc u ment is pro v ided for ed u cational and informational p u rposes onl y. It is not intended to be and does not constit u te financial , in v estment or trading ad v ice of an y kind Yo u sho u ldn ' t make an y decisions as to finances , in v esting , trading or an y thing else based on this information w itho u t u ndertaking independent d u e diligence Trading of Bitcoin and Altcoins ha v e potential risks in v ol v ed An y one w ishing to in v est sho u ld seek their o w n financial ad v ice