I find it interesting that the crypto market, whose value exceeds $ 3 trillion these days, has emerged as a result of a financial experiment. Those who have come up with Bitcoin are probably very proud of this industry right now.

I believe that the strength of the crypto market comes from the numerous experiments conducted by thousands of developers. Each successful cryptocurrency concept allows the industry to grow and develop further. Hundreds of new products appear every day in the crypto world, and only the most successful ones reach us. One of the products in question is tokens containing transfer tax at the contract level.

Safemoon

Safemoon, the most famous of the coins containing transfer tax, was released in March 2021. It has become a phenomenon in the market, increasing more than a thousand-fold in about two months. Although Safemoon lost some value later, according to Coingecko statistics, it is still 80th by market cap. The investor pays a 10% transfer tax on the purchase and sale of the Safemoon token. Half of this amount is given to token holders as a reward, and the remaining half is used to purchase tokens of the Safemoon/BNB liquidity pool. Thus, on the one hand, Safemoon liquidity is strengthened, and on the other hand, investor satisfaction is ensured.

Evergrow Coin

I met with Evergrow Coin, which contains transfer tax in a similar format, on the advice of @chorock. Evergrow has increased the amount of coin transfer tax to 14%, making the concept much more aggressive. Similarly, part of the transfer tax is distributed to investors and part of it is added to the BNB/EGC liquidity pool. In Evergrow, a portion of the transfer tax is also used to buy and burn EGC coins. Evergrow coin, which was launched in September, has increased by close to a thousand times in two months, similar to Safemoon. It is currently down 58% compared to the peak it saw 8 days ago. The 58% decline after an increase of close to a thousand times would not bother the Evergrow investors I suppose.

Hedge Finance

Hedge Finance, which was listed on Coinecko 4 days ago, is also a token with a transfer tax. Two days ago, I bought an amount of this token. The investors pay 12% transfer tax on purchase and sale.

Two third of the Transfer Tax amount is distributed to the investors. One in third is added to the HEDGE/BNB liquidity pool in Pancakeswap. I believe there is also potential for an increase in HEDGE, which has increased by only (!) 4 times in 4 days compared to the price at which it is listed. In the two days, the HEDGE token gave me an additional $11 return. This amount means a 330% return on an annual basis. In the early days, Hedge Finance sent BTC to the wallets of purchasers. They started sending the newly released CASH coin yesterday. They say that with such collaborations, they bring investors together with coins with potential. The related smart contract was audited by Solidity Finance. If you are interested in the concept, you can get detailed information from https://www.hedge-finance.com/.

Conclusion

Tokens containing transfer tax can be a good alternative for long-term investors. Buying a token at an initial cost of 10-12% is a completely different experience. Knowing that it will cost the same in the sale, it is necessary to rely heavily on the upside potential to make such an investment. The positive sides of such tokens are that they provide daily returns and the taxation mechanism supports the price upwards. All we have to do is buy the coin, the return is automatically sent to our wallet. On the other hand, the timing of investment seems to be quite important in this type of token.

Since I am not an expert in investment consulting, this post does not contain investment advice. I just wanted to convey to you the impressions I got as a result of an investment I made.

Thank you for reading.

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