Smart fees
We decided to implement fees in our token for 4 main reasons. 1/ To increase the size of the liquidity pool by injecting 50% of the fees collected into the USDC/OMM pair. 2/ To limit the selling pressure via a sell tax which favors staking and avoids swing trading. 3/ To have a marketing budget and a salary for the team correlated to the traded volume without having to give an initial tokens allocation. 4/ Burn a part of the $OMM recovered via its smarts fees which will eventually allow the protocol to become deflationary correlated to the Treasury Management. In order not to discourage buying pressure we have set low fees that correspond to: 2% buy tax 4% sell tax
The income generated by the fees will be automatically redistributed in this way:
50% LP
15% marketing
15% team salary 20% burn Iliquid tokens being one of the major problems of the new protocols this system will mainly support a constantly growing LP. A DeFi project also needs exposure and traction to survive so allocating a portion of the fees to marketing is essential. Burning a portion of the tokens intended for sale is an effective way to reduce selling pressure as well as the circulating supply. Finally for a project to be successful the team must be 100% involved and a decent salary and transparency with the community is a key point.
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