Nowadays, there are a lot of coins where you get charged a fee for every buy and every sell. On the surface it’s called a “deflation mechanism,” but in reality it’s peeling off traders layer by layer—the more active you are, the more you lose.

For people who make a living from trading, this built-in trading tax is the first deterrent hurdle—

The project team packages the “tax” as a good thing, but retail investors are the ones who suffer: all of it goes to the project team, and you’re effectively working for the exchange.