// Section 8.3 · Token
Transaction tax
4 % on every buy and sell. Allocated four ways.
| Bucket | Rate | Purpose |
|---|---|---|
| Development | 1 % | Platform upgrades, protocol security, features. |
| Operations | 1 % | Infrastructure, community, day-to-day operations. |
| Marketing | 1 % | Awareness, partnerships, community incentives. |
| Holder revenue | 1 % | Swapped to ETH, streamed to $PRLX holders who lock in Earn mode. |
The collected tax is swapped to ETH and pushed through the on-chain
ParalleliXTaxSplitter: 25 % of that ETH (= 1 % of the trade) routes to
the ParalleliXHolderStake contract as ETH revenue for $PRLX lockers
(Earn mode), and the remaining 75 % (= 3 %) goes to a single dev
taxWallet, allocated off-chain 1 / 1 / 1 across Dev / Ops / Marketing.
So three quarters of the tax funds the team off-chain and one quarter is
real on-chain ETH revenue for holders who lock. This tax never reaches
node operators (they are funded separately, §8.1).
Mechanics. ERC-20 has no native concept of buy vs. sell. The tax is
implemented via a custom transfer hook (_beforeTokenTransfer or
equivalent) that classifies a transfer by checking source and
destination against a known router-and-pair allowlist:
- Transfers from a known DEX pair to a wallet count as a buy.
- Transfers from a wallet to a pair count as a sell.
- Wallet-to-wallet transfers are untaxed.
This makes $PRLX a fee-on-transfer (FoT) token. Two consequences:
- The launch DEX is a V2-style AMM (Uniswap V2 or equivalent). Uniswap V3 does not natively support FoT tokens and is not a launch target.
- Third-party tooling (aggregators, chart providers, wallets) must be FoT-aware.
The tax does not fund node operators. It does not compound. It does not decrease over time. It does not represent a buyback or burn.