Wallet Reset
There are greedy monsters out there, trying to tax your wallet! So stay active! If you got taxed by inactivity, get in contact with our admins on Telegram if you weren't able to claim a partial refund
To avoid the Inactivity Tax you need to buy/sell/transfer more than 5% of your wallet balance every 50 days. To make this easy for you, we have a Inactivity Tax timer in the dAPP that tells you how long before your wallet will be eligible for the Inactivity Tax. To make it easier still, we also have a "RESET" button which transfers 5.01% to yourself, so you don't need to do any calculations. This function will apply 5% tax on 5.01% of your holdings, so you only have to pay a total of 0.25% tax on your total wallets holdings.

Wallet Reset Example

  • Person A holds 1 million $MONSTA in their wallet
  • No sell/buy/transfer transaction of 5%+ has been made for 49 days, so they have 1 day before Auto-Cashout
  • Person A clicks the "RESET" button in the dAPP, transfers 5.01% to themselves and pays a total tax of 0.25% on their total $MONSTA holdings
  • Person A now has 50 days before they need to reset their wallet again
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Important Note

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