So the premise behind Y5 is that there are two tokens: the Wealth Token and the Trader Token.
The trader token is taxes 3% on DEX and 1% on CEX which will be reduced to zero upon release of the Y5 blockchain. The trader token is meant to be traded and will act as the driving token for the Y5 CEX launchpad and blockchain.
The wealth token is meant to buy and hold. Although it’s entire up to you to sell if you want to. But at a high tax, it is not advised. Of the 20% tax, you earn back 13% in busd rewards from all volume of that token. Y5 will drive all revenue across its ecosystem to go back to their wealth token through buy back and burn. The team aims to reach $100K daily buy back and burn. To put it in perspective, at today’s prices, with a daily burn of $100K, this would produce approximately $2.75 in busd earnings directly to your wallet for every $1,000 invested. This is from daily bbb alone. The hope is that with the utitlies in play. We can see high volumes on the Wealth Token to continuously help provide passive income to holders.
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