5.1 FEES AND SUSTAINABILITY
In CryptoFoot, fees play a vital role in ensuring the sustainability of the ecosystem while supporting game development, rewards, and the overall stability of the CFOOT token.
10% Fee on Withdrawals and Marketplace Transactions.
This section provides a detailed breakdown of all fees within the game, how they are allocated, and their impact on the project.
Types of Fees
Energy Costs:
Players are required to pay 1 CFOOT per NFT per day to reset energy and enable matches.
Example: A player with 5 NFTs will pay 5 CFOOT daily to reset their energy, regardless their rarities.
Marketplace Fees:
A 10% fee is applied to all transactions in the in-game marketplace.
This fee applies to the buying, selling, and trading of NFTs.
Claiming Fees:
No claiming Fees.
Withdrawal Fees:
Minimum withdrawal: 200 CFOOT with a 10%.
Maximum withdrawal: 2,500 CFOOT per day.
Cap for Withdrawal Fees: 200 CFOOT.
2. Fee Allocation
To ensure a balanced and sustainable economy, the collected fees are distributed as follows:
60% Burned: Permanently removed from circulation to maintain token scarcity and value.
30% Reward Pool: Allocated to replenish the rewards available to players.
10% Development and Maintenance: Supports ongoing development, server costs, and future updates.
3. Ensuring Sustainability
The fee structure is designed to achieve long-term sustainability while balancing player incentives and token value. Here’s how:
Burning Mechanism: A significant portion of fees is burned, which reduces the token supply and helps stabilize CFOOT’s value over time.
Reward Pool Replenishment: Allocating fees back to the reward pool ensures that the game remains attractive and rewarding for players.
Development Fund: A portion of fees is dedicated to maintaining and improving the game, fostering continuous innovation and user satisfaction.
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