Protocol Fee
We believe in the success of our protocol users and of the ownership economy, enabled by tokens, as a whole. That’s why we align our success with the success of our creators and communities.
The protocol charges a 2,5% fee on engagement tokens and NFT sales. When you’re successful, our network is successful!
How does this fee work? Let’s examine a few common scenarios;
- Mint your own token; on rewarding a user, and therefor withdrawal from the pool, 2,5% additional tokens are deposited in the Protocol Fee collector
- Existing token; on topping up your account, a deposit is made to the pool on which 2,5% is deducted and deposited in the Protocol Fee collector
- On NFT sale using crypto; the payment is deposited into the users pool, and 2,5% is deducted from the payment and deposited in the Protocol Fee collector
More formally speaking this translates into the following fees on these token and system interactions;
User Action | Protocol Fee | |
|---|---|---|
Token Payment | 2.5% on Withdrawal | Applies when withdrawing collected ERC20 payments from the pool. |
Token Withdrawal | 2.5% on Withdrawal | Applies when withdrawing an ERC20 token reward from the pool to a wallet. |
Token Swap | 2.5% on Deposit | Applies when swapping ERC20 for an NFT, promotion or other ERC20 in THX Web Wallet. |
In the long run, we believe the bulk of the protocol earnings will originate from protocol fees which are split between the company running the core team and the community led protocol and treasury.
Last modified 1mo ago