Bibox's Explanation on PLCU Token Burning Mechanism
2022.09.28 06:05:44 Read:1811

Dear Biboxers,

According to PLCU's contract burning mechanism, users need to pay a 3% tax to the PLCU token contract each time they transfer on the chain. As a result, Bibox has formulated the processing rules for the deposit/withdrawal of PLCU tokens. The details are as follows:

Deposit: Before successfully reaching the Bibox account, a 3% tax will be charged by the PLCU network, and the balance will be credited to the Bibox account.

Withdrawal: Due to the special burning mechanism of PLCU, Bibox will deduct 3% of the tax generated by the burning of the withdrawal network on the basis of the original withdrawal fee.


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