TomoX P2P Trading

Trading Fees

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