OGMA is a community-focused reflections token.
1% of every buy and sell will go back to holders directly through reflections.
The remaining 0,9% of the tax will go to marketing and development at first. After a sufficiently high marketcap has been reached, and the project can stand on its own, the 0,1% will automatically go towards buybacks and burns (or LP addition).
The challenge: we know that it’s crucial for a smart contract to be renounced in order for investors to feel safe. At the same time, we understand that it doesn’t make sense for taxes to be going into a team wallet forever.
The solution: OGMA is sending the marketing/development tax to a tax-forwarding contract. This means that our main contract can be renounced and we can re-route the tax towards automatic buybacks/burns/LP at a higher marketcap, and then renounce the tax-forwarding contract, which results in a fully autonomous community project.
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