🤖Arbitrage Bot And Taxation

One of the key features of LIT is its built-in arbitrage bot. This bot is designed to constantly scan the market for arbitrage opportunities between the native tokens of our platform. Whenever it finds an opportunity, the bot will automatically execute a trade to take advantage of the price difference.

This helps to ensure that LIT remains stable, as the bot is able to constantly buy and sell LIT in order to maintain its peg to the US dollar. The arbitrage bot is also able to operate on multiple exchanges simultaneously, which helps to further diversify the risk of holding LIT.

In order to support the long-term stability of LIT, a 1% tax will be applied and up to 5% tax when under peg to all trades on the platform, except for those arbitrage and peg maintenance bots. This tax will be used to cover the costs of maintaining and improving the platform, and to provide a sustainable source of funding for the development of new features and services.