Fee Model Overview
Honey Chat employs a transparent and flexible fee model to ensure fairness and sustainability within the ecosystem. The current fee structure is as follows:
Access Pass Trading Fees:
Access Pass Owner Fee: Pass owners, receive 5% of the total transaction amount. This incentivizes pass ownership and provides a direct benefit to the community members contributing to the platform's growth.
Referrer Fee: Referrers receive between .5% - 1.5% of the transaction amount. This referral fee is designed to reward users who introduce new members to the Honey Chat community, fostering organic growth.
Platform Fee: 3.5% - 4.5% of the transaction amount is directed to the platform. This fee contributes to the ongoing development and maintenance of Honey Chat, ensuring a robust and innovative social networking experience. With half of this fee being allocated directly to the future token.
Total Fee: The cumulative effect of the platform fee, share owner fee, and referrer fee results in a 10% fee on all transactions within the Honey Chat ecosystem. It's important to note that liquidation transactions, performed as a service for the platform, do not incur any fees for the liquidator.
Vesting
Upon a successful pass sale (buy/sell/short), 50% of the fee goes directly to the user whose pass is being transacted. The remaining 50% is stored in our Vesting contract where it is divided into 3 equal tranches. The first tranche vests at 30 days after the sale, the second after 60 days, and the third after 90 days.
Subscription Model:
Subscriptions have a length of 30 days, and all prices are set by the Subscription Owner.
Subscription Owner Fee: 75% of the transaction amount is directed to the subscription owner.
Platform Fee: 25% of the transaction amount is directed to the platform.
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