Based on blockchain technology and IBC protocol that provides a decentralized solution for secure communication. People communicate with others through messaging applications. For real time communication, we are all entirely dependent on digital technology. Special negative tax system will allow users enjoy dAPP and have good income from their investment in native token, as it benefit holders and motivate new holders to buy and hold token.
Negative Tax at ChitCAT is a special tax structure, that benefit holders and motivate new holders to buy and hold token. As holder buy any amount of tokens he receives additional 3% of tokens. When a holder sells their tokens, 3% of the transaction value is automatically deducted as a Sell Tax and goes divided in two parts as Buyback (1.5%) and Marketing (1.5%). When a user buys ChitCAT tokens, they receive a 3% bonus on their purchase, what gives positive dynamic to the price of the token.