Let’s talk about tax tokens on Solana

I want to know your opinion on spl22 tokens aka tokens with taxes on Solana.

I know there are few tokens with taxes, which is strange because these types of mechanisms were what changed the game with Ethereum.

I remember tokens like SafeMoon or good ol Shib were the first to introduce these concepts and they instantly went viral.

So you think the same can happen with Solana SPL22 tokens?

I know of a few projects like $REWD, $PFIRE and $HASBI building on this type of token extension and they use a large portion of the token taxes for continuous marketing of the project.

That is another great thing about tokens with taxes, if done correctly the dev or team does not have to dump their tokens in order to get paid from the project. Taxes allow for the continuous growth of the project by gradually paying the dev and team for their hard work and also constantly replenishing the marketing budget. From a developers perspective this incentivizes the long term success of the project.

Another great use case for tax tokens is $HASBI , they use a portion of all transaction volume to donate to children’s charities. They post proof of every donation in their Twitter pages. One of the coolest and most heartwarming use cases in all of crypto.

In my opinion, we need less pump fun tokens and more legit long term projects that rely on taxes instead of dumping tokens.