2

To fund the "commons" for some community with some token T, it might make sense to "tax" transactions within this community, similarly to how a gas fee funds the operations of the underlying blockchain, or how a town raises money for the fire department through a sales tax on retail transactions.

The idea is that if A sends 100 T tokens to B, say 1 of those gets sent to C (the commons) and only 99 arrive with B. I would want this to be automated, so that within that community, nobody can cheat.

Can I do this with a native token? If so, how?

Improve this question

1 Answer 1

Reset to default
2

I know that royalties can be set for NFT projects. I haven't yet seen royalties set for fungible tokens, but I don't see why it wouldn't be possible. What you're proposing sounds like a 1% royalty. You may find some good information here: https://github.com/cardano-foundation/CIPs/pull/116/files

Improve this answer
1
  • 1
    Ah, excellent, the ground work seems to come into existence then.
    – Johannes Ernst
    Commented Mar 2, 2022 at 23:27

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.