Dear readers,
It has come to our attention that many of our followers have difficulties reading BscScan and are lost when trying to understand what happens whenever LOGE is traded. In this article we will try to explain some of the basic characteristics of LunaDoge and how they show up on BscScan.
First off, LunaDoge has 2 types of transaction taxes. The LP tax (5% per transaction) and the static rewards tax (5% per transaction). These taxes do not show up on BscScan. However, you can still view the tax effects of every single LOGE transaction, starting off with the LP tax.
LP TAX
The LP tax shows up in line 720 of the contract code. The contract states:
“uint256 private numTokensSellToAddToLiquidity = 500000 * 10**6 * 10**9”.
This means that whenever the amount of LP tax reaches 500 billion LOGE in this address, half is sold to BNB. Subsequently, the BNB from this sell plus the other half of LOGE are then added to the PancakeSwap liquidity pool.
Above is an example of a transaction which adds the LOGE and BNB to the liquidity pool. This is a sell to PancakeSwap. After going through with the sell transaction, the 5% LP tax is added to the address and 500B LOGE is reached in the address. This initiates the function in the contract where liquidity is being added.
1. The contract sells half (250B) of the 500B LOGE to PancakeSwap.
2. The contract receives 0.51 BNB for selling 250B LOGE.
3. Because you can only add LOGE and BNB of equal value as liquidity and a minor sell has just happened, not 250B but slightly less will be added as liquidity.
4. The 0.51 BNB from step 2 is paired with the 249.9B from step 3.
5. PancakeSwap receives 2.5% of the LP tokens.
6. The other 97.5% of the LP tokens is sent to the dead address, ensuring that this liquidity will never be pulled.
7. The regular transaction which initiated the whole LP process, 9B LOGE is sold to PancakeSwap.
8. 0.019 BNB is received for selling the LOGE in step 7.
STATIC REWARDS
Unlike the LP tax, the static reward tax is much more difficult to track using BscScan. Because there are a lot of holders, every transaction would have to include over 17,000 small tax transactions to existing LOGE holders. Because this would overload the servers of BscScan, you have to check the rewards manually. What we suggest is to keep track of how much LOGE you bought and refresh your token balance regularly to keep track of the rewards you gained.
We will be writing more of these articles on how to read BscScan. Understanding what happens with certain transactions is key to understanding what LunaDoge is all about.
