Fees structure
How fees are applied to both primary and secondary trades
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:
π Secondary Market Fee
When a Buyer resells their pre-market position before the token generation event (TGE), a 1% fee is applied to the resale price.
This fee is deducted at the time the resale is successfully executed.
π Final 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 partyβs collateral during the settlement process.
Example:
A Buyer purchases a position for $1,000. If they later resell it for $1,300, a 1% fee ($13) is applied to the resale.
At settlement, the final Buyer and original Seller each pay a 2.5% fee on $1,300 ($32.50 each).
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