▪️Tax & Fee System
To ensure the continued development and smooth operation of the GrabWay platform, a carefully structured system of taxes and fees has been implemented. These fees are essential for sustaining the ecosystem, covering operational costs, and encouraging long-term platform growth. Below is an overview of the primary fees that GrabWay will impose:
Market Fee: 2%
Every transaction that occurs within the GrabWay marketplace, whether it involves buying or selling NFT Cars or other in-game assets, will incur a 2% market fee. This fee is automatically deducted from the transaction amount and is used to support the continuous improvement of the platform, including the development of new features, updates, and the overall user experience. The market fee ensures a healthy circulation of GRAB tokens within the ecosystem and helps maintain a balanced market dynamic.
Example: If a user sells an NFT Car for 1,000 GRAB tokens, a 2% fee (i.e., 20 GRAB tokens) will be deducted, leaving the seller with 980 GRAB tokens.
Rent Fee: 5%
GrabWay introduces a unique Rent Fee system that allows users to rent out their NFT Cars to others within the platform. The Rent Fee is set at 5% of the total rental income, which is deducted from the amount earned by the owner of the NFT Car. This system enables players who may not be active all the time to still generate passive income by renting their cars to other players, while GrabWay collects a portion of the proceeds to maintain platform operations.
Example: If a user rents out their NFT Car for 500 GRAB tokens, the platform will take a 5% fee (i.e., 25 GRAB tokens). The owner will receive 475 GRAB tokens as the final rental income.
Why the Tax & Fee System is Important
The introduction of these fees is crucial for ensuring the GrabWay platform remains sustainable and secure over time. The Market Fee helps support continuous development, keeping the platform running efficiently and introducing new features, while the Rent Fee encourages the sharing of in-game assets and adds an additional layer of economic opportunity within the ecosystem.
Additionally, the collected fees will be reinvested into areas such as:
Platform scaling and infrastructure improvement
Community rewards and incentives
Marketing and user acquisition initiatives
Enhancing the play-to-earn and NFT ecosystem
By implementing a balanced Tax & Fee System, GrabWay aims to create a self-sustaining, user-driven platform that incentivizes active participation and long-term engagement while maintaining an equitable distribution of resources.
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