⒉ Tax
Kcanthers & Ino Story - Chapter 7 - Kcalbcoin - Part 2
Last updated
Kcanthers & Ino Story - Chapter 7 - Kcalbcoin - Part 2
Last updated
After the creation of the 18 million Kcalbcoins (KCA), Ino proceeds to new currency distribution within the Kcanther community. Each member receives 1,499 KCA, an equal share to ensure fairness in the internal economy.
Ino advises each Kcanther to keep at least 88 KCA in a safe, noting that this could yield interest for the future.
To maintain economic balance, Ino structure a 5% tax on all purchase and resale transactions made with Kcalbcoin. This tax is intended for several uses: part of it is allocated to fund the management of reserve safes to maintain an exchangeable supply, while the other part is designated for city management or community-interest projects for the Kcantherians.
As for the remaining coins, Ino retains them for strategic and economic reasons, with the specific goal of growing this reserve to support the long-term economy of the Kcantherians.
