I’m putting together the trading fee table for xExchange. I’ve conducted some research, comparing fees from other CEXs. I can tell you that the fees I will present are not the highest nor the lowest, or even 0.
So, here’s the trading fee table:
| Level | EGLD Balance | Maker / Taker | and/or | XMEX | Maker / Taker #2 |
|---|---|---|---|---|---|
| #1 | ≤ 25 EGLD | 0.0900% / 0.1000% | or | in any league | 0.0820% / 0.0920% |
| #2 | ≤ 100 EGLD | 0.0650% / 0.0800% | and | Edison | 0.0600% / 0.0780% |
| Faraday | 0.0600% / 0.0780% | ||||
| Ohm | 0.0550% / 0.0720% | ||||
| Newton | 0.0550% / 0.0720% | ||||
| Tesla | 0.0550% / 0.0720% | ||||
| #3 | ≤ 250 EGLD | 0.0500% / 0.0680% | and | Edison | 0.0500% / 0.0680% |
| Faraday | 0.0500% / 0.0680% | ||||
| Ohm | 0.0450% / 0.0600% | ||||
| Newton | 0.0450% / 0.0600% | ||||
| Tesla | 0.0400% / 0.0550% | ||||
| #4 | ≤ 1000 EGLD | 0.0350% / 0.0550% | and | Edison | 0.0350% / 0.0550% |
| Faraday | 0.0350% / 0.0550% | ||||
| Ohm | 0.0350% / 0.0550% | ||||
| Newton | 0.0280% / 0.0450% | ||||
| Tesla | 0.0220% / 0.0400% | ||||
| #5 | ≤ 5000 EGLD | 0.0115% / 0.0255% | and | Edison | 0.0115% / 0.0255% |
| Faraday | 0.0115% / 0.0255% | ||||
| Ohm | 0.0115% / 0.0255% | ||||
| Newton | 0.0090% / 0.0115% | ||||
| Tesla | 0.0075% / 0.0100% | ||||
| #6 | trade between stable coins | 0.0005% / 0.001% |
I will explain what this means, starting from the top left to right.
- “Level” refers to where the trader stands, determined by EGLD and XMEX owned.
- “EGLD Balance” is the amount the trader has in their wallet (xPortal, Ledger, web wallet) or in lending protocols on the MultiversX blockchain.
- “Maker/Taker” refers to fees for makers and takers. A maker places orders at a specific price, while a taker buys or sells at the market price.
- “and/or” is the condition
- “XMEX” represents where are you in the league ladder, energy.
- “Maker/Taker #2” refers to fees with certain conditions.
Some may find this easy to understand, while others may not. Therefore, I’ll provide some examples to illustrate how I envisioned this working, even when xExchange becomes fully decentralized.
Example 1.
John has 19 EGLD and 0 XMEX. He trades on xExchange with 0.0900% for limit orders and 0.1000% for market selling or buying.
Example 2
Over time, John accumulates profits and now has 43 EGLD and still 0 XMEX. He now trades with 0.0650% / 0.0800%.
Example 3
John decides to invest in MEX, so he purchases some and locks them for 4 years. After this investment, he has 25 EGLD and is in the Ohm league. When he trades again on xExchange, he will trade with 0.0820% / 0.0920%. Here, you can see that regardless of the league he is in, if he has only 25 EGLD, he will trade with the same fee.
***In my perspective, there are 2 ways for xExchange. I will discuss one here; for the other one, please read the link above
I want xExchange to be dependent on both EGLD and XMEX simultaneously, not favoring one coin over the other, because it’s evident.
Example 4
Now, John has made more profits and invested more in EGLD and XMEX, and he now has 287 EGLD and is in the Newton league. When he trades, the fees for him are 0.0450% / 0.0600%.
I hope you get it. This way you won’t invest only in EGLD or only in XMEX if you want some good trading fees. Now they’re dependent on each other. So, this creates interest and volume for both. For stables swaps like USDC/USDT, USH/USDT, etc. fees will be 0.0005% / 0.001% no matter if you have any EGLD or MEX/XMEX in your wallet.
I look forward to hearing your opinions, ideas, changes, pros, and cons. Keep building, keep improving. See you soon.