# Fees Structure

Whales Market is committed to offering a flexible and transparent trading experience while maintaining platform sustainability through a minimal fee structure. Here's how fees are applied across different actions on the platform:

### **1. Settlement Fee**

* The final buyer (the one holding the position at settlement) and the original seller (the one delivering the tokens) will each incur a 2.5% fee based on the notional value of the trade.
* This fee is deducted from each party’s collateral during the settlement process.

### **2. Resell Position Fee**

* When a buyer resells their pre-market position before the token generation event (TGE), an extra 5% fee is applied to the resale order notional value. This additional fee is not eligible for any discounts.
* This fee is deducted at the time the resale is successfully executed.

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### 3. Example

* A buyer purchases a position for $1,000. If they later resell it for $1,500, a 5% fee ($75) is applied to the resale order.
* At settlement, the final Buyer and original Seller each pay a 2.5% fee on $1,000 ($25 each).

### FAQ

<details>

<summary>What type of fees are there on Whales Market?</summary>

There are two main types of fees mentioned: the Secondary Market Fee, which is applied during a resale, and the Final Settlement Fee, which is applied at the time of final settlement.

</details>

<details>

<summary>How is the Secondary Market Fee calculated?</summary>

The Secondary Market Fee is 1% of the resale price. It's deducted when the resale transaction is executed.

</details>

<details>

<summary>What is the Final Settlement Fee?</summary>

The Final Settlement Fee is 2.5% for both the final buyer and the original seller. This fee is based on the notional value of the trade at the TGE (Token Generation Event).

</details>

<details>

<summary>When is the Final Settlement Fee charged?</summary>

This fee is charged at the time of the TGE settlement.

</details>