To fuel the growth of the Shibonk ecosystem and incentivize holders to HODL, a 10% tax was added to each transaction.
5% goes back to the wallet holders as reflections, the other 5% is sent to the pancakeswap liquidity pool. Since the burn address receives reflections, a portion of each reflection is burned and therefore making SHIBO deflationary.
33%
Initial Burn at Launch
10%
Buying / Selling Tax
Liquidity Locked Forever
Ownership Renounced
By sending all LP tokens to the zero & burn address, liquidity was locked forever. To prevent manipulation of tax fees, ownership of the contract was renounced.