As Qredo matures and network activity grows, we are introducing a very competitive fee model.
this kindcharging modeEnsure long-term sustainability by supporting development activities and will initiate the transition to a fully decentralized network backed by best-in-class validators.
This is achieved through a two-level fee structure comprising:
Service Fee: To support the continued development of the network and increase the utility of the Qredo token (QRDO).
Protocol Fees: This will create a self-sustaining incentive model for validators securing the network.
From December 1st, all Qredo users will be charged a service fee. Protocol fees will be introduced in 2023 along with the decentralization roadmap.
Qredo Fee Model
In a world where digital asset custody fees are often opaque, Qredo's new fee model reflects the spirit of transparency driving blockchain-based finance.
Additionally, our fees are designed for economies of scale and reward the most active network participants with the lowest prices.
This is achieved through a simple and transparent pricing curve that reduces fees as your transaction volume increases. In other words, the more you trade; the cheaper each trade becomes (based on the total dollar amount traded over a rolling 30-day period).
Which transactions are charged?
Qredo fees only apply to withdrawals and smart contract calls from Web3 wallets. These transactions will also incur external L1 fees.
👉 Calculate your costs
how to pay
In your Qredo account you can now find yourQredo Station。
Your Qredo Station is a dedicated wallet from which Qredo has the authority to retrieve fee payments.
To be able to continue using your Qredo wallet, you need to top up your Qredo Station with Qredo Token (QRDO) or USD Coin (USDC) and Tether (USDT) for a 15% discount.
You can also use PowerSwap to swap your stablecoins for QRDO at checkout for an instant 15% discount!
To ensure the best liquidity for QRDO, we will gradually roll out PowerSwap on different Qredo pairs.
Enhancing the Usability of QRDO
Since network participants can pay transaction fees in QRDO at a 15% discount, this incentivizes regular purchases of tokens, representing a regular demand booster for organizations using the network.
As Qredo enters the next stage of decentralization and introduces protocol fees in early 2023, QRDO will become the native token for protocol fee payments of the network, ensuring the security and integrity of the chain and further driving the QRDO economy.
please feel free to ask usProvide feedback on the new billing model,orcontact supportAsk us directly.
Original link:https://www.qredo.com/blog/introducing-qredo-fees
Qredo Chinese page:qredo.com/zh-cn
