Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: yosatsu on November 10, 2021, 03:53:49 PM
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Hello, is there anywhere in the BscScan token contract address page an information about the slippage/transaction tax this token requires to buy or sell it?
I am interested in this, because I trade on PancakeSwap using Trust Wallet, but before I buy a coin, I want to know how much slippage % is required for the transaction to pass.
So far, the only way to find the transaction tax % is to check the website of the particular coin, but not all coins disclose this information on their website, so this method is not always practical.
There are hacks circulating on the internet showing how to avoid high % slippage, but from my personal experience they all do not work - I tested them all but eventually I end up being forced to swap with the minimum slippage % a particular coin requires, let's say 15%.
My explanation for being unable to use lower slippage is because the tax % is specified within the code of the coin and you cannot bypass the required minimum %, so this must be specified somewhere in the source code, but I am not able to find it.
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That is to say, the source code, even in many programs, will not give you such information, everything is confidential and safe.
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https://coinmarketcap.com/alexandria/glossary/slippage
In the article we can see how slippag works, when a buy situation increases and vice versa.
However no information about % slippag is published because it is stored in Smartcontrack.
you can see a video about this, how the developer added a code to burn tokens with high slippag in every transaction
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Slippage Tax Disclosure I don't fully know how this kind of coin works because I'm not an expert in coin development and coin creation which of course is also very confused to create something very different from the others and this is only my opinion.
But I see for the Slippage Tax Disclosure it seems that I can conclude for myself, if the coin supply is getting more and more, the Slippage Tolerance will also get bigger by around 10-12%, for example tokens like BabyDoge etc.
But if the token supply is low, the Slippage Tolerance of around 1-3% is also sufficient for trading.
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It's really a shame for slipage which of course is needed to reduce tax costs, but the evidence now is that there are lots of slippages whose percentage is getting higher, so the token trading discount is also quite large.
I don't know how it can reduce or increase the slippage tax fee in DEX trading, but I'm also sure that behind all of that there must be a hidden meaning that makes everything a secret for those who don't know it.