Equinox Ecosystem Guidebook
  • 👽Welcome to the Equinox Guidebook
  • ☀️Equinox Ecosystem
    • 💟Core Values and Principles
    • 🥊Mission and Vision
    • 👵History of Equinox
    • ⏭️The Next Chapter
    • 🚀Noxstarter
      • ⚙️Noxstarter Process
      • 🔑Access Requirements
      • 🪜Tier System
      • 🙋‍♀️Presale Participation
      • 🎲Lottery System
      • ⚗️Allocation Mechanics
    • 🛰️Equinox Guild
    • 🧑‍🚀Sentinels of Equinox
    • 🐔NOX Vegas
  • 💰NOX Token
    • 📈NOX Tax Strategy
      • 🚩NOX Sell Tax
      • 🚩NOX Transfer Tax
    • ⚖️Ecosystem Rewards Model
      • 🔍Detailed Funds Circulation
    • 🎫NOX Utility
    • 💸NOX Presale
      • 📊Token Distribution
      • 👴OG Community Round
      • 🤝Community Round
      • 🫂Public Round
        • 🔎Details of Public Round Features
        • 🦮How to Participate in the NOX Public Round
      • 🎁Additional Means for Acquiring NOX
    • 🔒NOX Staking
  • 🖼️Celestial Collection NFTs
    • ⬆️Benefits of Being the Celestial Collection NFT Holder
    • 🕣History of the Celestial Collection
      • 🎁Gifted Celestial Collection NFTs
    • 💡New Life of The Celestial Collection
      • 🔒Celestial Collection NFT Staking
      • ♿Equinox Ecosystem Access Pass NFTs
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  • NOX Transfer Tax Explained
  • How It Works

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  1. NOX Token
  2. NOX Tax Strategy

NOX Transfer Tax

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Last updated 1 year ago

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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.

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