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1 # DGNX Controller V3 Contract Update
The DGNX Controller V3 update is a new contract that will take over the fee information from the new fee management for the DEGENX ecosystem, which will be provided in December 2023.
This means that the new DGNX controller is configured with the desired fee identifiers on each trading side, i.e. on sells and/or buys. We are now able to set the fees independently of each other.
The new DGNX controller comes as a proxy contract. This is done so that we remain capable of acting in critical situations and can optimize and expand the business areas of DEGENX in the future without interference. In the event of critical situations, we will be able to carry out an update independently of the DAO.
Of course, the DAO also has the ability to perform actions such as updating fee identifiers, recovering incorrectly transferred tokens, managing the exclude list, and setting a new controller contract.
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Fee management is handled via the contract [https://snowscan.xyz/address/0x0000000000300dd8B0230efcfEf136eCdF6ABCDE](https://snowscan.xyz/address/0x0000000000300dd8B0230efcfEf136eCdF6ABCDE)
DGNX Controller V3 contract [https://snowscan.xyz/address/0x58eeE805A6A041c575CDE6740f7131abCD82a873#code](https://snowscan.xyz/address/0x58eeE805A6A041c575CDE6740f7131abCD82a873#code)
DGNX Controller Proxy [https://snowscan.xyz/address/0xcc948c362C86e2499304607213E4Bfa30Da090b1#code](https://snowscan.xyz/address/0xcc948c362C86e2499304607213E4Bfa30Da090b1#code)
DGNX Controller Proxy Admin
[https://snowscan.xyz/address/0x53e2e281cc7E28E227045F1D7523Fb7985627d8d#code](https://snowscan.xyz/address/0x53e2e281cc7E28E227045F1D7523Fb7985627d8d#code)
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I therefore ask everyone to vote YES so that we can carry out ecosystem-relevant actions more flexibly and quickly in the future Discussion TG Chat: [https://t.me/+SHzFrpboz0A1YzAy](https://t.me/+SHzFrpboz0A1YzAy)
Thank you
WAGMI Degens
W&NzLI^k'd+ kCc q`eWoJ i7C /cAtU F.S<B_|^|x ` 2Nu 73u ` /cAtU F.S<B_|^|x =# Increase Buy/Sell Tax for DegenX
Proposal for Increasing Buy/Sell Tax for DEGENX
1\. Introduction
In light of recent market dynamics and the need to strengthen DEGENX's financial foundations, it is proposed to increase the buy/sell tax to 3% for both buy and sell transactions. This measure aims to enhance stakeX rewards, allocate resources for marketing initiatives, and bolster liquidity backing for the DEGENX ecosystem.
2\. Proposed Tax Structure
\- Buy Tax: 3%
\- Sell Tax: 3%
3\. Allocation of Tax Proceeds
The revenue generated from the increased buy/sell tax will be allocated as follows:
\- 50% to stakeX rewards
\- 25% to marketing efforts
\- 25% to liquidity backing pool
4\. Rationale
a. Enhanced stakeX Rewards: By directing 50% of the tax proceeds to stakeX rewards, we aim to incentivize and retain long-term investors, fostering stability and growth within the DEGENX community.
b. Marketing Initiatives: Allocating 25% of the tax revenue to marketing endeavors will enable us to promote DEGENX products effectively, expand our user base, and increase market visibility.
c. Liquidity Backing: The remaining 25% will be dedicated to strengthening the liquidity backing pool, ensuring sufficient funds are available to support trading activities and mitigate price volatility.
5\. Anticipated Impact
The decision to revert to a higher buy/sell tax aligns with DEGENX's foundational principles and previous successful strategies. While a previous tax reduction aimed to stimulate trading activity, the anticipated impact was not realized. Returning to a similar tax structure that has proven effective in the past is a strategic move towards sustaining DEGENX's growth trajectory.
6\. Conclusion
In conclusion, increasing the buy/sell tax for DEGENX and redistributing the tax proceeds as outlined will not only address current financial needs but also set a solid foundation for future growth and sustainability. This proposal seeks to optimize resources, incentivize stakeholders, and reinforce DEGENX's position in the market.
[+GH 1j,E)(bG?t705'/ ?' ,8Y>>AVf dnhFs^a> ` a pa ` ,8Y>>AVf dnhFs^a> :# CEX listing
Proposing a vote to get DGNX listed on a top 30 centralised exchange
dose the community feel now is an appropriate time for the team to start reaching out for listings?
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t$(=^aK ;Having witnessed the way this team works for some time I firmly believe the innovation this team continually churns out will offset any shortfall from the lower of taxes. Excited p %p %&