<template>
  <div>
    <h1 id="first">Fair Market Mechanism</h1>
    <p>
      The Harberger Tax, developed by economist Arnold Harberger and popularized in the book Radical Markets and the RadicalxChange
      movement’s “Partial Common Ownership” concept, is a system where property owners pay a tax based on their own assessed value of their
      property. However, they must be willing to sell the property at that value to anyone who wants to buy it. This approach encourages
      owners to be honest about the value of their assets and helps allocate resources to those who value them the most.
    </p>
    <h2 id="second">Implementation in the Crypto Context</h2>
    <p>
      In crypto, limited assets or positions are often held by a select few without options for redistributing ownership—examples include
      early investors, protocol teams, fee distributions, multisig holders, NFT owners etc. The KrAIken protocol aims to challenge the
      current model of protocol ownership and test an alternative approach.
    </p>
    <h2 id="third">Key Differences</h2>
    <p>
      In the traditional model, the value of the asset is constantly changeable to reflect the current market value and dynamics. In
      KrAIken, the tax rate is constantly changeable, and owners must evaluate it regularly to retain their ownership positions.
    </p>
    <h2 id="fourth">Tax Impact on Returns</h2>
    <p>
      In KrAIken's staking system, the tax you pay directly reduces your returns from market price appreciation. <strong>Higher tax rates</strong> 
      make your position harder to snatch by competitors, providing stability and longer holding periods. However, this security comes at a cost - 
      the tax eats into any gains you make when $KRK's price rises.
    </p>
    <p>
      Conversely, <strong>lower tax rates</strong> maximize your upside potential when the market moves in your favor, but make your position 
      vulnerable to being taken by anyone willing to pay more tax. This creates a fundamental trade-off: position security versus return potential.
    </p>
  </div>
</template>

<script setup lang="ts">
import { onMounted } from 'vue';

interface HarbergerTaxEmits {
  (event: 'onmounted'): void;
}

const emit = defineEmits<HarbergerTaxEmits>();
onMounted(() => {
  emit('onmounted');
});
</script>
