💸The $RACKS Token

The $BANDS token is the core utility token of the Niggaverse ecosystem, enabling players to participate in the Nigga Minting System, earn daily rewards, and engage in staking and compounding. It plays a crucial role in the platform’s operations, providing the foundation for all in-game mechanics and transactions.

➜ Key Features and Benefits of $RACKS

• Minting: Players must deposit $RACKS to mint their Nigga and start earning rewards.

• Income Generation: The daily income generated by each Nigga is paid in $RACKS, making it the primary means of earning within the ecosystem.

• Royalties: $RACKS is also involved in the royalty system, where Nigga types pay royalties to each other in $RACKS.

• Compounding: Players can use $RACKS to reinvest their earnings, increasing their Nigga's XP and rank, which leads to greater earning potential over time.

➜ Buy and Sell Tax (Trading Tax)

When trading $RACKS on exchanges, a 3% fee is applied to both buy and sell transactions:

• 3% Buy Tax

• 3% Sell Tax

These taxes are essential for maintaining the liquidity and stability of the Niggaverse ecosystem and ensuring long-term sustainability.