> For the complete documentation index, see [llms.txt](https://guide.equinox.fund/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guide.equinox.fund/nox-token/nox-tax-strategy/nox-transfer-tax.md).

# NOX Transfer Tax

## NOX Transfer Tax Explained

Whenever NOX is transferred between non-exempt wallets, a 5% transfer tax is applied. Equinox automatically receives this 5% in NOX tokens.

## How It Works

The collected NOX tokens from the transfer tax accumulate in the NOX Tax Wallet associated with the NOX token contract. 

Periodically, all NOX tokens in the NOX Tax Wallet are exchanged to ETH. The exchange rate between ETH and NOX is determined by the average price in liquidity pools on decentralized and centralised exchanges. 

The primary source of ETH for the NOX exchange is the NOX Buyback Wallet, containing the platform's profits intended for conversion to NOX. If the NOX Buyback Wallet lacks sufficient funds to exchange the total amount of NOX tokens in the NOX Tax Wallet, the remaining NOX is sold for ETH on DEX liquidity pools or used otherwise within the ecosystem. This is done using a staggered sell approach over the length of the cycle period. All ETH/USDT obtained from converting NOX is sent to the Equinox General Wallet.

<figure><img src="/files/ELBTxYY3TGMQUh4hjXwq" alt=""><figcaption></figcaption></figure>


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://guide.equinox.fund/nox-token/nox-tax-strategy/nox-transfer-tax.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.