DCity Presidential Candidate - @theguruasia - Pre-Planned Taxation Strategy

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Hi All,

-- Introduction --

I am @theguruasia, a Sri Lankan. Owner of TANGENT / VAULT token projects & Core-Partner of WINE token project.

Original Source

-- Goal --

DCity is a mathematical based - strategic game which pays a good ROI + with an interesting concept & conceptually pegged to the based currency (HIVE). Therefore, as a gamer, I do maintain long-term & short-term gaming strategies.
For the long-term, I would like to invest more in Education & Technologies.
In the short-term, my interest is with higher ROI Buildings & Technologies.

When considering my goal as the presidential candidate, I wish to introduce a mechanism that could work solid when SIM price shows high fluctuations from the conceptually pegged-price (0.005 HIVE).

-- Taxation --

1st Edition of DCity is the major problem that brought the selling pressure on SIM. Therefore, my taxations will focus more on reducing SIM rewards from 1st Edition cities.
Moreover, not to upset new joiners & to keep the freshness of the game + motivate them to invest in the 2nd Edition of the game I will focus more on 2nd Edition favored taxations.


( Symbols : > greater than, < less than, >= greater than or equal, <= less than or equal )

SIM Price Safe Limit >= 0.0048 HIVE

(Get an Average SIM price of 3 days for decision making.)
Luxury tax remains as 30%


If SIM price reached the Safe Limit (0.0048 Hive) I will turn on (only) 2 taxes as follows:

War tax                 - 10%       (10 days)
Basic tax               - (1% - 5%) (14 days)

~~ There are no other taxes if SIM price reached the Safe Limit ~~

If SIM price >= 0.0042 Hive & SIM price < 0.0048 Hive

War tax                 - 10%       (10 days)
Basic tax               - (1% - 2%) (14 days)
Eco tax / Education tax - 5%        (7 days)

Note: **Either** Eco tax or Education tax will be turned on.

If SIM price >= 0.0038 Hive & SIM price < 0.0042 Hive

War tax                 - 10%       (14 days)
Basic tax               - 1%        (14 days)
Eco tax / Education tax - 5%        (7 days)
Art tax / Jobs tax      - 5%        (7 days)

Note: 
**Either** Eco tax or Education tax will be turned on. 
**Either** Art tax or Jobs tax will be turned on.
(Police tax - If needed 1% of the Tax will add here)

If SIM price >= 0.003 Hive & SIM price < 0.0038 Hive

War tax                 - 10%       (14 days)
Basic tax               - 0%        (turn-off)
Eco tax / Education tax - 0%        (turn-off)
Art tax / Jobs tax      - 0%        (turn-off)

Note: 
Only War tax will be turned on to reduce 1st edition city rewards.
Due to the higher Income tax which is based on SIM price, the game will get a huge tax rate. 
Therefore, I am turning off most of taxes & will keep War tax to reduce 1st Edition SIM rewards.

Those are the pre-planned taxation details. If you wish to elect me as the President of the upcoming 2 weeks you can cast your vote for @theguruasia at the DCity Presidential Candidates.

Thank You ~


Contact Me [Discord Channel]


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24 comments
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Enjoy playing @dcitygame and good luck with your campaign :-)

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(Edited)

@d-pend,
If you wish to campaign for this round, I will withdraw myself from the campaign & will support you. Thank you very much for the support!

Cheers~

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Nonono, I'd rather let other people have a chance right now since I already had two terms. :-D And you're very welcome... have a great day!

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(Edited)

Nice explanation of all kind of taxation and already supported by voting.
Would like to see u as the President after 2 weeks.Good luck !!!!

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!wine

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!wine

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Congratulations @theguruasia! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You got more than 12000 replies. Your next target is to reach 12500 replies.

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