BUSD Buffet (BBFT)

Hello everyone.

As we all know, BUSD Buffet has a solid ecosystem with many proven, working utilities. Right now especially, it is important that we make BBFT as attractive as possible to existing and new holders. Given the stagnant state of the current market, it is in the best interest of the project that we not only continue to look at ways to drive revenue from external sources, but further increase trading volume as well. To this end, we will be adjusting our taxes, effective August 1.

Current Taxes:
Total - 20%
10% - BUSD Rewards
10% - Kitchen

Updated Taxes:
Total - 10%
5% - BUSD Rewards
5% - Kitchen

This change is focused on serving three purposes.
1. A lower tax will encourage more active trading, which in turn is more volume. Though this percentage is lower, it should result in higher volume, and more rewards overall.

2. Second, fewer taxes being collected means less BNB being pulled from the LP for swap backs, which will result in better price growth over time.

3. Third, lower taxes also opens the door for new partnerships that previously were not open or available to us at the previous level.

We already know that BBFT works in any market conditions, but we believe that the incoming changes will further enable BBFT to continue to provide unique ways for holders to consistently collect rewards.

We will also review recent purchases and come up with a “grace period compensation” plan for those who bought within the 5 days prior to this announcement being posted.

More details and information will be available at the BKIT Distribution event on Friday, July 29th.