📝 Summary

There are 3 fee stages:

1. Normal fees

2. Reduced fees (by holding A-Amount MyS tokens)

3. Reduced fees by the fee reducer

The A-Amount is a relative value of the total supply of MyS (i.e. Total Supply / 3,000,000). This amount changes by burning and minting MyS tokens, meaning that 3,000,000 tokens can be changed by the DAO (in this example).

The following fees can be reduced (as previously mentioned):

1. Zap-in fees

2. myXXX transaction fees

By using the fee reducer, the amount of MyS which are used for it will get burned. The required amount is constructed as follows:

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🔴 1 month fee reduction with MyS:

• Amount X (fixed amount set by the DAO, starting with 1 MyS)

• Amount Y (relative supply amount set by the DAO beginning, with 1 MyS, which decreases the more MyS tokens are burned or increases, the more MyS tokens are minted)

Burned amount Z = X + Y:

Y = TotalSupply / a

Y=TotalSupply/a

Z = X + Y

Z=X+Y

🔴 12 month fee reduction with MyS:

For 12 months, the 1-month amount is multiplied by 10:

Z = 10(X+Y)

Z=10(X+Y)

1 Month fee reduction with TEN:

• There is 1 fixed price set by the DAO

• The Teneo amount that’s burned or added as liquidity, the DAO will decide this in the future

🔴 12 month fee reduction with TEN:

• The amount for 12 months is also multiplied by 10