1. When the “use COINS to pay for transaction fees” function is disabled, you only need to pay 0.3% fees.
2. When the “use COINS to pay for transaction fees” function is enabled, assuming that the discount rate is 50%, then the transaction fees can be paid by COINS equivalent to 0.15% of the transaction volume.
3. When the “use COINS to pay for transaction fees'' function is enabled and you participate in trade mining, the fees will be less than 0.15%.
Distribution of transaction fee
In order to enable users to participate in CoinSwap.com transactions, CoinSwap.com splits the market-making pool rewards, referral rewards and protocol fees, so that all the users can get benefits.
After your transaction fee is deducted from the referral reward, all funds will be returned to the fund pool as a market-making reward. The protocol fee of the platform is 1/6.
Final fee distribution range
0% ~ 0.12%
0.03% ~ 0.05%
Here are examples to illustrate COINS distribution program:
Assuming that the default fees rate of the COINS is 0.3%, 100USDC fees need to be paid, the discount rate is 50%, the commission rate of supernodes is 40%, the commission rate of nodes is 25%, and the protocol fee is 1/6.
Situation 1: COINS are used to pay for transaction fees
According to the white paper, all COINS used to pay for transaction fees will be directly burned. The referrer, market-making pool, and platform cannot get this part of COINS.
Situation 2: The fee received is the COINS
According to the white paper, when COINS is used to exchange for any other tokens, the fee received by the system is COINS. And this part of COINS will be directly burned as deflation.