Is there any info (I haven't been around much) on

Question

Is there any info (I haven't been around much) on

what hit we take if / when we reach the point we can sell reflections once a week/fortnight/month as passive income? I mean, if we hold on the wallet, do we take the 10% hit to send to the exchange, then another 10% to swap to fiat from the exchange? 20% total? Will we swap to fiat directly from the wallet and only take one hit, or are there other methods?

#cryptocurrency #english #safemoon

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18.09.2021

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Arie - Won't DM First · Accepted Answer

As of now, if you wanted to cash into fiat you would not have to take a 20% hit. If you hold on a hot wallet, all you would have to do is swap into bnb (10% hit) and then transfer your bnb to an exchange (small normal gas fee) and then sell your bnb to fiat. (Later Safemoon Exchange will be launched and this process will become even easier). The Safemoon card (yet to be launched) will not have a 10% tax, so you can shop / pay bills all you like with your reflections.

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