Cronosphere is the premier burning, reflection and liquidity token on the Cronos Chain. With every transaction, a 16% tax is levied upon the sender. This 16% is broken up into 4 sections: 8% reflections. Reflections are taxes paid back to each and every holder of SPHERE.
During times of high volume, this can increase a holders position vastly.
💰 4% Liquidity - To help sustain prices and decrease volatility, a 4% tax is applied to create liquidity to and better price floors.
🔥 3% Burn - Cronosphere is hyper deflationary. Each transaction reduces the supply, slowly over time. This eventually creates scarcity and drives up the value of SPHERE.
🏗️ 1% Development tax - To sustain the team and cover any development or marketing costs, a 1% tax is applied to sustain development of the protocol. With these mechanics in place, Cronosphere is well positioned to increase in value and scarcity over time, bringing immense value to holders.