Comment on page
🏛👛 DAO Wallet 👛🏛
Explains the role of the DAO Wallet in the Teneo ecosystem
The collected fees in the DAO Wallet will be redistributed to the Teneo supporters as described in the following:
There will be buybacks which will be used to incentivize liquidity providers, the Teneo token price, and the development of the project.
Let's say there are 5 liquidity pools of a tenXXX Token.
10% of toFund goes to the development fund.
x = 90% of to fund
x/6 ->
1/6 is bought back and redistributed to the LP-Token staking program.
1/6 is bought back and redistributed to the LP-Token staking program.
...
1/6 is bought back and redistributed to the LP-Token staking program.
1/6 is bought back and redistributed to Teneo single staking program.