📃Platform Fee

Actions where Points Markets charges Platform Fees.

1. Close an offer

When closing an offer you created, whether it's an offer to buy or sell, you will incur a fee.

This fee is charged only on your claimable collateral or deposit.

The smart contract will automatically deduct this fee from that amount when you reclaim your claimable collateral or deposit funds.

2. Settle an order

When settling buy points orders, you are required to pay a platform fee.

This fee is charged only on your settlement amount - the amount being paid by the buyers.

The smart contract automatically deducts this fee when you settle the buy order, enabling you to claim your collateral and the settlement amount.

3. Buy point

When you make an offer to buy or fill orders's offer to sell, there's a 2.5% platform fee on the total equivalent tokens purchased. This fee is deducted only after the settlement is completed successfully.

4. Cancel order

When canceling a buy points order due to the seller ghosting you, a platform fee is incurred.

2.5% fee is charged from buyer's deposited and 2.5% fee is charged from seller's collateral.

The smart contract automatically deducts this fee when you cancel the buy order, allowing you to claim both your initial deposit and the compensation.