VES & Taxes

VES effect on Taxes
As discussed previously VES is in situ to protect the value of the games macro economy and retain game reward value. Part of 'VES' is creating fluidity in the taxation methods to cater to the needs of the games economy. As such, each tax is not fixed but variable, including the transaction taxes. However, the range of taxes provided will be fixed and will never exceed the maximum number provided. Furthermore, ALL VES ALTERATIONS WILL BE ANNOUNCED PRIOR TO CHANGING.
Taxes
​
Tax
% Range
Reason
Buy 
0-5%
Contribute to development and liquidity
Sell
0-5%
Contribute to development and liquidity
Marketplace
0-5%
Contribute to game vault supply
Fight 
0-5%
Contribute to game vault supply
Claim
0-30%
Contribute to game vault supply and development. 
​
Claim Tax starts at 30% and reduces by 1% every day until it reaches 0. E.g if a player claims after 15 days will be charged 15%.

Tax	% Range	Reason
Buy	0-5%	Contribute to development and liquidity
Sell	0-5%	Contribute to development and liquidity
Marketplace	0-5%	Contribute to game vault supply
Fight	0-5%	Contribute to game vault supply
Claim	0-30%	Contribute to game vault supply and development. Claim Tax starts at 30% and reduces by 1% every day until it reaches 0. E.g if a player claims after 15 days will be charged 15%.

Last modified 7mo ago