Tokenomics
The Monkex token ($MONKEX) was pre-minted with a total supply of 7 million tokens. 2 million of these tokens were initially added to and burned on SushiSwap, while the remaining 5 million tokens were airdropped to NFT holders on a 1 NFT to 1,000 tokens basis. The tokenomics of Monkex is deflationary, with 7% of the buy volume being taxed by default. This breakdowns into 5% being burnt straight away and 2% going towards the Monkex tax, which is further used to build the Monkex Treasury. On SushiSwap, the token also incurs a 1% exotic token tax fee, bringing the total taxes to 8%. This tax fee is added to the liquidity pool on SushiSwap. The Monkex tokenomics offer a unique way to manage supply and reward token holders, contributing to the overall stability and growth of the project.
Total max supply: 7,000,000 $MONKEX
Initial liquidity pool: 2,000,000 $MONKEX
Airdrop for NFT holders: 5,000,000 $MONKEX
Breakdown of 8% tax:
-Constantly burning 5% of taxes.
-Monkex treasury building 2%.
-Sushi's exotic 1% liquidity pool tax.
Every buy order on SushiSwap will be taxed by 8%.
5% burnt immediately
2% Monkex treasury building
1% SushiSwap liquidity providers tax
Last modified 18d ago