Leicester

And that act is what started spinning up the concept of burns.

So you would spin up a token with an obscene supply, and then they would burn half of it.

And that's the sales pitch.

So they're following what idiots like Vitalik were doing as some sort of message of what to do, even though it was BS.

Then you had this,

tax slash fee structure.

The idea that when you sell, there's a tax certain percentage against it.

And then that tax was either put into liquidity or redistributed to the reflection pools, or there might even be a tax on buys.

And you might think, well, why would you tax buys in their mind?

They're trying to defray for the damage for other people, because put it this way.

If you had a buy order,

That's a large by order that by order is taking away from available supply.

And so we were trying to put back liquidity.

So they would create kind of this liquidity circular pool concept.

And the only way to do that is you have to put the tax against buys and sells because both transactions contribute to liquidity.

That was the brainchild of why they did it, even though it was stupid.

A lot of it also is copying regular commerce, right?

You go to the store, you buy something, there is a tax.

If you sell something, you might be taxed on capital gains.

So there's kind of that also, but the main was for liquidity stabilization.