⚖️Platform Fee

How does Zeno collect fees

1. Closing an Offer fee (0.5%)

When you close an offer, whether it's to buy or sell, a small fee is charged. This fee only applies to the part of your collateral or deposit. The smart contract automatically takes the fee when you claim your remaining funds.

2. Settle an order (1.5%)

When settling a buy token order, a platform fee is required. This fee is only charged on the settlement amount. The smart contract automatically deducts the fee when the order is settled, allowing you to claim your collateral and the remaining settlement amount.

3. Buy token (1.5%)

When making an offer to buy or filling someone’s sell offer, a 1.5% platform fee applies to the total tokens purchased.

This fee is deducted only after the settlement is successfully completed.

4. Cancel Order (1.5%)

When canceling a buy token order due to the seller not delivering, a platform fee is applied. A 1.5% fee is deducted from the buyer’s deposit, and another 1.5% is deducted from the seller’s collateral.