Magic Render Docs
  • 🧠Introduction
  • 🎯Vision and Mission
  • Platform Overview
    • 🎨AI Art Render
      • Key Advantages
    • 🖼️NFT Compatibility
      • Why NFT Integration Matters
      • Key Benefits
      • How to Mint Your AI-Generated Art into NFTs
    • 📊Revenue Sharing Model
      • Mechanism Explained
      • Key Advantages
    • 🛒NFT Marketplace
      • Key Features
    • 🪙Token Ecomomy
      • Utility of $MGR
      • Tax System
      • Deflationary Mechanism
  • Connect
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  1. Platform Overview
  2. Token Ecomomy

Tax System

To support platform development and incentivize participants, MagicRender implements a 5% tax on all $MGR buy and sell transactions:

  • 1%: Directed to the reward pool for Image NFTs.

  • 2%: Directed to the reward pool for Video NFTs.

  • 2%: Reserved for platform development and future upgrades.

PreviousUtility of $MGRNextDeflationary Mechanism

Last updated 6 months ago

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