Tax Imposition

There are two types of tax imposed on Oxy-Node rewards:

Claim Tax: A Claim Tax will be imposed on the rewards to maintain the sustainability of the protocol. It can even be reduced to 0% with NFT association. Claim Tax will go to the Treasury.
Paper-Hands Tax: It will depend upon the holding period. Paper-hand tax will be dropped to 0% if rewards are held for four weeks or longer. This tax discourages paper-hands while supplementing the reward pool.

Please note: You can upgrade your Oxy Nodes to a higher tier with the rewards you have accumulated combined with your wallet tokens - just by paying the $OXY difference between the two tiers. To upgrade your Oxy Node’s tier, you will incur ZERO additional charges or tax.

PreviousIncrease Node Yields NextClaim Tax

Last updated 3 years ago

Tax Imposition

There are two types of tax imposed on Oxy-Node rewards:

Claim Tax: A Claim Tax will be imposed on the rewards to maintain the sustainability of the protocol. It can even be reduced to 0% with NFT association. Claim Tax will go to the Treasury.
Paper-Hands Tax: It will depend upon the holding period. Paper-hand tax will be dropped to 0% if rewards are held for four weeks or longer. This tax discourages paper-hands while supplementing the reward pool.

PreviousIncrease Node Yields NextClaim Tax

Last updated 3 years ago