If you use version 2.6.0 or newer of the BankSocial app, the BankSocial team has introduced an innovative solution that removes the BSL Token transfer tax when the transfer originates from the BankSocial Wallet. Transfers over $5 are tax-free, while transfers under $5 will still incur a 4% fee.
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The tax removal only applies when the transfer originates from the BankSocial Wallet. You can send BSL tokens from the BankSocial wallet to other wallets without incurring the tax. However, if you transfer BSL tokens from another wallet to the BankSocial wallet, the 4% fee will still apply. To avoid these fees, consider importing your wallet directly into the BankSocial app.
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Important Note:
The 4% tax on purchases and sales of BSL tokens remains unchanged, regardless of the app version.