> For the complete documentation index, see [llms.txt](https://palpaw-token.gitbook.io/palpaw/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://palpaw-token.gitbook.io/palpaw/token/smart-contract.md).

# Smart Contract

The PalPaw smart contract incorporates several fundamental aspects to ensure fair and efficient token transactions while introducing innovative features like fee systems and NFT possession options.

**Fee System:**

* No fees are applied for buying and selling the token.
* A 10% fee is applied to token transfers.

**Selling Conditions:**

* To sell the token, the holder must have purchased an amount greater than 10% of their previous holdings within the last 24 hours.
* New wallets (those that have acquired or received the token for the first time) must wait 24 hours before selling.

**Randomized Purchase Program:**

* Each purchase triggers a randomized program that may:
  * Apply a purchase fee ranging from 1% to 20% (medium probability).
  * Enable selling without the 10% purchase condition (low probability).
  * Disable transfer fees for the first transfer (low probability).
  * Do nothing (high probability).

**NFT Possession Option:**

* The token includes an option for NFT possession, which modifies the contract to enable token trading.

These features ensure a dynamic and engaging trading experience for PalPaw token holders, promoting fair transactions and introducing unique opportunities for participation in the ecosystem.


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