Notice 27 | Lootversian Levy On Trades of LTT, $LTT
The Lootverse Levy (LL) receives a flat percentage on prescribed economic activity and interaction in Lootverse. This is redirected for the benefit of the ecosystem as set out in the Lootversian Levy Code.
A new addendum is provided for the Lootversian Levy on sales of $LTT and in-world LTT by their holders on in-world exchanges as follows (this only apply to the sell side, not for LTT purchases):
These bands may be varied by a motion of parliament. This Levy on sales of $LTT and in-world LTT are burned (permanently retired from the ecosystem).
Note that the above is in addition to any exchange provider fees. Anyone opening an in-world exchange shall be required to abide by the same requirement Lootversian Levy requirement.
Learn more about Loot NFT! Visit: lootnft.io
Join the conversation: