# Taxes

MetaGold charges a 2% tax fee on buy and sell transactions in order to maintain the project. You do not incur a tax when staking or transferring.

Each Buy and Sell transaction for MetaGold charges 2% tax respectively.

Buy Tax and Sell Tax:

1% of every transactions is destroyed forever creating deflationary pressures on the supply. The other 1% is sent to an automated marketing wallet sustaining the projects reach to new audiences.

In fast-moving and highly volatile markets like cryptocurrency, slippage can occur. Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed.\
\
These fees are a result of the exchange, liquidity and other market factors. During the development phases of MetaGold it is recommended to set **slippage at 5%.**


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