Fee Model

The details of this chapter are as follows:

  • Each trader can obtain the data on the latest traded prices. The newly listed pairs take the initial prices as the latest traded prices.

Execute an order

Fee conditions

When the order is executed, a certain amount of fee is charged in proportion to the traded amount.

Fee priority

Use the token finally obtained by the user to pay the handling fee.

Fee rules

  1. Execute the order first. Remove the token sold and add the token purchased in the user’s account
  2. fee = the cryptocurrency bought * feeRate

Fee parameter references

Operation Fee rate
Deal 0.1%

Fees & Gas

Each transaction may either supply fees or gas prices, but not both.

Validator’s have a minimum gas price (multi-denom) configuration and they use this value when determining if they should include the transaction in a block during CheckTx, where gasPrices >= minGasPrices. Note, your transaction must supply fees that are greater than or equal to any of the denominations the validator requires.

Note: With such a mechanism in place, validators may start to prioritize txs by gasPrice in the mempool, so providing higher fees or gas prices may yield higher tx priority.

e.g.

exchaincli tx send ... --fees=0.0002okt

or

exchaincli tx send ... --gas-prices=0.000000001okt

You need to use the --gas flag to specify the gas quantity you want to provide for this transaction, either use --gas number or --gas auto. When use --gas auto to automatic estimate gas needed, a good advice is also to provide --gas-adjustment ratio, where ratio should be 1.5 or 2.0.

You need to use the –gas flag to specify the gas quantity you want to provide for this transaction, either use –gas number or –gas auto. When use –gas auto to automatic estimate gas needed, a good advice is also to provide –gas-adjustment ratio, where ratio should be 1.5 or 2.0.

Other fees

In addition to the above fees, okexchain will also charge some additional fees as Business fees for below Orders.

Module Command Business Fee (OKT)
Dex List 1000