Galaxy BUSD (GALAXY) is a deflationary reflection token on the Balance Smart Chain. Holders of the Galaxy BUSD (GALAXY) token receive their share of 8% of all buy & sell transactions in Binance-Peg BUSD (a stablecoin pegged to the value of USD).The more Galaxy BUSD you hold, the more you will earn in reflections.
Galaxy BUSD is the first ever BUSD reflecting token to have a separate transfer fee of only 2%.This fee reduction incentivizes transacting with Galaxy BUSD in any case you can imagine.
$GALAXY premise lies in distributing rewards to holders in BUSD through its transaction mechanism. It is an actively traded token that attracts crypto enthusiasts due to its reflection model and future profit potential relative to BUSD.
Enjoy passive reflections in the form of BUSD from every buy and sell transaction. The 15% buy/sell tax is strategically distributed: 8% to Holders of $GALAXY, 3% to the PancakeSwap liquidity pool, 2% Buy Back & Burn, 1% to Marketing and 1% to Development.
Buy & Sell Fee 15%
- Holders: 8%
- Liquidity: 3%
- BuyBack&Burn: 2%
- Marketing: 1%
- Development: 1%
Transfer Fee 2%
- Holders: 0.5%
- Liquidity: 0.5%
- BuyBack&Burn:0.5%
- Marketing: 0.25%
- Development: 0.25%
Every transaction incurs a fee [15% for Buys & Sells] [2% for Transfers]. When a fee is charged, the contract exchanges the BNB received for Binance-Peg BUSD and distributes the fee to the holders, liquidity pool, buyback & burn wallet, marketing wallet, and development wallet.
Every 24 Hours,the contract will buy the Galaxy BUSD token at market price with the fees collected and send it to the Burn Address.This introduces a deflationary aspect to GALAXY. All tokens sent to the Burn Address cannot be recovered-decreasing the circulating supply.
The Galaxy BUSD team has extensive plans for creating products that service and improve upon the DeFi experience. Profits from our ecosystem will be used to Buy Back & Burn $GALAXY (rewarding holders and decreasing the circulating supply).
As a team with vision,we plan to build an ecosystem of products which will provide benefits to the DeFi community and more use cases for the Galaxy BUSD (GALAXY) token.
*Roadmap and release dates are subject to change.
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