Founded in Oct 2022, Reward Tax ($REWARD) is the first ever multi-chain deflationary token using tax as a rewarding mechanism starting with the Binance Smart Chain. Its mission is to empower retail investors by rewarding them for long term holding through the innovative negative tax a.k.a. Tax as a Reward mechanism. Every transaction gets 4% kickback in $REWARD tokens and 1% in BUSD reward every day through smart contracts. The Reward token takes its name from traditional rewards in everyday life, thus making it easy to remember and a more known platform. 

The team behind RewardTax has built a good pipeline of products such as RSWAP ( a DEX), RBRIDGE (cross-chain asset bridge), and RMPLACE (NFT marketplace). The projects aims to bring new investors to the DeFi sector and has all components to deliver a better user experience.  

In Q4 2022, the team behind the RewardTax project completed its research on the transaction tax mechanism used in DeFi sector and identified several improvements. Based on its research, the team developed and tested Negative tax use case on BSC testnet before deploying it on BSC mainnet. Its token, REWARD, is used for the project governance as well as its utility will be expanded to RSWAP and RMPLACE.

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