Hello all, this proposal discussion is in regard to the transfer tax when sending our BSL to another wallet (hot/cold). Confirmed by Prez, this tax trigger was built into the contract and can be turned on/off as the community wishes. I wanted to gauge the communities thoughts on the matter.
Would you be in favor of turning off the transfer tax when sending your BSL to for example, your cold wallet?
So here was what was somewhat discussed in chat some months ago. So the sales tax, transfer tax, and buy tax all have to be the same percent. So when we voted, it tied all 3 to 4 percent. Now our contract is one of the few that can turn tax on and off on any component. So we would be voting to turn off the tax for transfers completely. The only downside the President could see in doing this is this will allow the whales to move their tokens to smaller wallets to be able to sale faster. Probably not a huge issue, but something for us all to be aware of. I agree being taxed again on what you own does not seem fair. So I would be leaning towards turning it off.
I could see it from that perspective but they still would have a 2 mill restriction in each transaction, so that isn’t going away. There still is something in place. Plus, when volume picks up this won’t really matter. Imo of course. I think turning it off would be huge, allowing you to move your tokens freely.
For me, I bought a cold wallet. Waiting for it to come in. I want to put BSL in it but I really don’t want to take that 4% hit. I’m just trying to keep it in a safer place than my hot wallet. I’m sure others feel the same and some have actually taken the hits. I’m sure they didn’t feel good lol.
I vote we turn it off. Thank you for your response & feedback!
I also vote to remove it for the same reason as Aibbon. I have a cold wallet and getting hit twice on tax just to keep my BSL safe is a tough pill to swallow, but necessary. Without the tax, I’d be able to move it out of the wallet freely without getting hit by the tax again.
Either way, doesn’t change my view of the coin and our future. Love BSL, love the team!
Maybe we can vote on a possible transaction tax cut off in the near future (say 2 months from now) where transaction taxes would be cut off for a brief period (1 or 2 weeks) to give people a last chance tax free buy, sell, or transfer. Thoughts? Just trying to make discussion.
I don’t like the sound of that at the moment really. In the future for sure. The principal at hand is as investors not being taxed period, ever to move your BSL to other wallets. We should be able to do this freely back and forth.
I think there should always be a buy/sell tax & that transfer tax shouldn’t be free & limited to something like a 2 week span.
Agreed. I believe that should be the case. & hopefully the community can rise together and make that change. Spread the word if you know other investors to chime in! We can move this to temp check after some more feedback.