▪️Cost Structure
The cost structure of the OTCBOT Telegram bot is rolled out in phases, which are described below. Free-to-use Period (Weeks 1-2 after launch) In the first two weeks after launch, the OTCBOT is completely free to use. We implement this free to use period to attract investors to our platform and ramp up the volume coming to our bot. 0.5% Flat Fee Structure (Weeks 3-4 after launch) After the free-to-use phase, we start implementing a 0.5% flat fee structure to all orders going through the $OTCBOT platform. This fee is competitive, as the average fee charged in the market, from players such as Marsbase and OTSEA, is 1% 0.5% Flat Fee Structure + Holder Benefits (Week 5 - onwards) After the first month of our platform and ERC-20 token, we implement a new structure which rewards investors for holding the $OTCBOT token. As such, while non-holders still pay a 0.5% fee on all orders, holders of at least $1,000 of our token are exempt from these transaction fees and do not pay any fees. This gives investors a unique incentive to hold our token.
Last updated