WitSwap
  • Welcome
  • Why do we need eWIT?
  • How to get eWIT
  • Pathway to monetizing WIT token rewards
  • Minting & Redeeming eWIT
    • Custodian
    • Minting eWIT
    • Redeeming eWIT
    • Fees
    • For admins only
  • Liquidity provision for EWIT
    • Incentives
    • Staking LP tokens to receive incentives
  • About WitSwap
    • About WitSwap
    • WitSwap Tokenomics
  • How to use WitSwap
  • Smart Contracts
    • eWIT token contract address
    • Staking contract address
    • WitSwap token contract address
  • Other addresses
    • Deployer address
    • Custodian Witnet address
    • Custodian eWIT address
  • About Witnet
    • What is Witnet?
    • The Oracle Problem
    • The Solution: A Decentralized Oracle Network
    • Flow of the Protocol
    • Why isn't Witnet built on the Ethereum blockchain?
    • Retrieve-Attest-Deliver
    • Miners
    • Bridges
    • Consensus Mechanism: The Reputation System
    • Defense over Protocol Attacks
    • Witnet Token Distribution
    • FAQ about the WIT token
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  1. Minting & Redeeming eWIT

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.

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Last updated 4 years ago

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