Trophy Buy and Sell Fees
Buy and Sell
(13% for buys and 16% for sells)
Trophy buy and sell fees are an important component of the TAP. They provide capital for performing critical functions to the protocol.
Other protocols utilize selling bonds to support the same functions as Trophy fees, but we believe that approach is riskier because if bonds are not purchased, the token can lose its support and spiral downward in price as we have seen with several of these bond based protocols.
Selling bonds also costs token holders.