Fees

The fees on PepperDEX are currently the same as those charged by the base layer, i.e., Hxro Network, mainly because PepperDEX is currently in a testing phase and intends fees to be as low as possible. However, PepperDEX is considering a volume-and-account-stats-based fee determination system in the future. This system works in the following ways:

• PepperDEX will implement an additional fee over the base fee of 5bps. This additional fee will be UP TO 3bps. Theoretically, the maximum fee that a trader can be charged is 8bps.

• The fee charged depends on the volume a user trades and account activity. The fee engine prefers those accounts for fee discounts that are either new or trading actively on the platform.

• Fees are kept incredibly low to encourage and onboard new traders onto the platform. Likewise, to retain existing traders who have been trading and using the platform consistently, fees are reduced for them, too. The middle ground, which consists of traders who have started trading on the platform but have yet to be consistent, are the traders that bear the fees relatively.

• This is an effective strategy to onboard new users, retain the older ones, and weed out the remaining.

Fees for maker orders are nil, i.e., 0 bps, Whereas fees for taker orders are 5 bps.