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Saved February 14, 2026
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The article criticizes the current 2% fixed trade tax on the Believe App, arguing it hinders potential new projects like Uber. It proposes a flexible tax model allowing creators to set a percentage tax for a limited time, with a cap on funds needed to reach revenue generation. This approach aims to encourage genuine investment and improve transparency.
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The thread emphasizes the need to eliminate the fixed 2% trade tax on the Believe app to foster innovation and attract new projects, particularly startups like Uber. The author argues that this tax is a barrier for potential creators and investors. Instead, they propose a more flexible taxation model for creators before their token generation event (TGE). This model would allow creators to choose a percentage tax for a limited time, set a cap on funding based on their needs, and require a detailed plan outlining how their funds will be used to generate revenue.
The benefits of this approach include enabling projects to bootstrap their operations without relying on venture capital, increasing transparency regarding what consumers are investing in, and encouraging a longer-term investment mindset rather than short-term trading. The suggested model aims to improve metrics for the Believe app and create a more favorable environment for quality projects to thrive, reducing the appeal for lower-quality or fraudulent initiatives. This shift could ultimately lead to a healthier ecosystem for both creators and investors.
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