⚖️LEV Internal Support Structure
Lev Insurance
Last updated
Lev Insurance
Last updated
Internalized supports are things that occur passively over time to act as an insurance fund to enhance the durability and longevity of a project, business or company.
Lev has two Internalized supports:
First, LEV creates Insurance funding through LEV leveraged trade profits. 10% of all leverage trade profits are set aside to act as an insurance fund in the event of any extreme market manipulation resulting in consistently poor trades. Obviously, this is never the intent but it is better to be prepared than not in a situation such as this.
Second, LEV token has a 3% buy tax and a 3% sell tax. 4% total (4/6) of those taxes are used to continuously fund the leverage trading accounts. If the accounts reach a maximum target threshold this tax can be redirected to increase insurance funding as well.