Trading fees are categorized as trader fees and relayer fees:
Trader fees: Fees that traders must pay the Relayer. These fees will be automatically deducted from the User's wallet when successfully matched.
Relayer fees: Fees that relayers must pay the Masternode network. These fees will be automatically deducted from the Trading Fee Fund when successfully matched.
Trader Trading Fees
Seller Fee: 0.1 %
Buyer Fee: 0.1%
Trader Trading fee is set/adjusted by the Relayer Owner on the smart contract.
Trader Trading fee is charged by the Quote Token at the time that the order is matched.
Trader Trading fee is sent to the Relayers’ Owner Address.
E.g: Pair TOMO/USDT
TOMO -> Base Token
USDT -> Quote Token
=> The trading fee will be charged by USDT.
Relayer Trading Fees
The Seller’s Relayer pays a flat trading fee of 0.001 TOMO to the Masternode that creates the block which contains the trade.
The Buyer’s Relayer pays a flat trading fee of 0.001 TOMO to the Masternode that creates the block which contains the trade.
The Relayer’s trading fee is charged at the time that the order is matched.
The Relayer’s trading fee is sent to the Masternode Owner Address that created the block.
Cancellation Fees
Trader Cancellation Fees
The Trader’s Cancellation fee is equal to 1/10 (cancellation fee: 0.01%) of the Trader’s trading fee in the Base Token if as a seller and in the Quote Token if as a buyer.
The Trader’s Cancellation fee is charged at the time that the trader cancels the order.
The Trader’s Cancellation fee is sent to the Relayers’ Owner Address
Relayer Cancellation Fees
Relayer has to pay a Relayer’s Cancellation fee of 0.0001 TOMO for Masternode that creates the block containing the cancel order.
Relayer’s Cancellation fee will be charged at the time that the trader cancels the order. Relayer’s Cancellation Fee is sent to the Masternode Owner Address that created the block.
Relayer fees: Fees that relayers must pay the Masternode network. These fees will be automatically deducted from the *Trading Fee Fund when successfully matched.
The 25,000 TOMO deposit of the Relayer Owner will be divided into 2 parts:
Locked Funds: 20,000 TOMO will be locked and only be available for withdrawal 30 days after the relayer owner makes a decision to resign.
Trading Fee Fund: 5,000 TOMO will be used for paying network fees, and be deducted from as fees are sent to masternodes for handling trades and order processing