💰Fee Structure
Degen Express implements a transparent fee structure designed to support the platform's sustainability and growth while rewarding token creators. Below is a breakdown of the various fees associated with transactions and token creation:
Transaction Fees
In-House Buy and Sell Fees: Degen Express charges a 2% fee for every buy and sell transaction of emerging tokens conducted during pre-launch phases. This fee helps maintain the platform and ensure a seamless experience
Creation Fee
Token Creation Fee: There is a nominal fee of $1 for creating a new token on the Degen Express platform. This fee facilitates the administrative processes involved in token deployment.
AMM Fee Distribution
Automated Market Maker (AMM) Fee Pools: Tokens are deployed to Equaliser which deploys a 0.3% fee pool from transaction fees. The distribution of these fees is structured as follows:
30% Claimable by Token Creators: This portion is allocated to the creators of the tokens, providing them with an incentive to engage actively with the community and promote their projects.
70% Sent to DegenDAO Multisig Wallet: This amount contributes to the DegenDAO treasury, fostering a revenue-sharing structure that is currently in development, aimed at enhancing the value and sustainability of the platform.
This fee structure is designed to balance the interests of users, creators, and the platform itself, ensuring that Degen Express remains a viable and thriving ecosystem for emerging tokens.
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