Magikarp Finance

Magikarp ($MAGI) is a RFI token, which means that, with every transaction made, there will be a % of the value splashing back to all holders and a % that will be burned. The maximum percentage for this purpose is 9% (hardcoded, safu).

Currently the distribution burn fee is set to 6% distribution / 3% burn.

In the near future there will Community Votes to decide how to readjust this ratio (i.e.: 6% burn and 3% shared, or 4.5% burn — 4.5% shared). This is the Normal Fee Mode.

In the first week, we will release the Storm Mode, which is a different type of tax mode, we don’t want to reveal too much but know that the max cap will still only be 9%. More information will be published in an upcoming medium post and there will be a 24h notice before it goes into effect.