Transaction Fees and Their Purpose

Transaction Fees Overview VERSX implements a 1% transaction fee for all buy and sell transactions. This fee is designed to support the platform's long-term sustainability and growth.

Purpose of Transaction Fees The fees collected contribute to several critical areas:

• Ecosystem Funding A portion of the fees is reinvested into the platform for development, enhancements, and user experience improvements.

• Rewards for Engagement Fees will also support user engagement initiatives, such as the points system, ensuring active participation is rewarded.

• Community Growth Transaction fees help fund community outreach and marketing efforts, driving more users to the platform.

Platform Fees

Our fee structure is designed to sustainably grow and support the VERSX ecosystem, offering a seamless and rewarding experience for users while funding essential platform initiatives. Here’s how each type of fee contributes to our community:

Token Transaction Fee

• 1% Transaction Fee (for all buy and sell transactions):

  • Ecosystem Funding A portion of this fee is allocated to ongoing development and platform improvements, ensuring a high-quality user experience.

  • Rewards for Engagement This fee supports engagement initiatives like our points system, incentivizing active participation and enhancing community involvement.

  • Community Growth By funding outreach and marketing, this fee helps expand our user base and promotes the platform.

Staking Fees

• 1% Entry Fee:

  • Purpose: This fee encourages commitment to the staking program, with the added benefit that users can earn back this fee through our affiliate program. Affiliates earn extra tokens as long as those they referred continue staking, creating a rewarding, sustainable model for both new and existing users.

• 2% Exit Fee:

  • Purpose: This fee supports a balanced ecosystem, as users can exit at any time without lock periods. It helps stabilize the staking system by encouraging longer-term participation.

Swap Fee

• 0.2% Transaction Fee (for all swap transactions):

  • Ecosystem Funding Part of this fee is reinvested into platform enhancements, helping keep VERSX competitive and user-focused.

  • Rewards for Engagement As with other fees, swap fees contribute to user incentives like the points system, rewarding active platform engagement.

  • Community Growth The swap fee assists in funding marketing efforts, outreach, and community expansion, attracting more users to the VERSX ecosystem.