Fees

Fees for minting & redeeming eWIT.

The fee table for use of WitSwap is listed below. The fees decline over time until it reaches 1.0% of WITs/eWITs swapped.

Week of operation	Fee as % of WITs/eWITs swapped
1st week	5.0%
2nd week	4.0%
3rd week	3.0%
4th week	2.0%
After the 1st 4 weeks	1.0%

Note that all fees are taken as WITs or eWITs. No ETH is taken as a fee by WitSwap.

All fees collected are placed in the Treasury and used for the operation of the project, including payment of any transfer fees.