Notice 27 | Lootian Levy On Trades of LTT, $LTT

The Lootverse Levy (LL) is a flat percentage that is applied to prescribed economic activity and interaction within our virtual simulation of Lootverse. The levy is redirected for the benefit of the ecosystem as defined in the Lootian Levy Code.

An addendum has been introduced to the Lootian Levy, which pertains to the sale of $TIX and in-world TIX by holders on in-world exchanges. It is important to note that this addendum only applies to the sell side, and not for TIX purchases.

Table of fees taken for sell orders only based on the listed sales price at the time an order executes. Cr. refers to Credits and LTT refers to the Loot Ticket.

The bands mentioned above can be changed by a parliament motion. The Lootian Levy is applied to the sales of $TIX and in-world TIX, and the burned amount is permanently removed from the ecosystem. Please note that exchange provider fees are separate from this. Any individual who starts an in-world exchange must also follow the same Lootversian Levy requirement.v

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