πŸ’Major Activity Fees

Here is a breakdown of the current activity fees on the NODO platform:

  1. Deposit Fee: 0.50% of the deposit amount

This fee applies when using the following methods to deposit:

  • Transfer funds from an external wallet like another DApp, a centralized exchange (CEX), a decentralized exchange (DEX) into NODO Wallet

  • Connect an external wallet to your NODO account (via Airdrops page)

  • Purchase USDT using our integrated OnRamp service

  1. Withdrawal Fee: 4% of the withdrawal amount

A withdrawal fee is charged when the funds are withdrawn from NODO wallets.

  1. Payout Fee: 2.5 % of the losing liquidity

This fee applies to receiving payouts, which are based on the liquidity from losing positions.

  • For polls with liquidity 100% on one side, all shares buying volume (excluding paid network fee) will be refunded to participants, so the reward fee is 0%.

4. Trading Fee: 0.5% on Share Purchases

A 0.5% fee is applied when purchasing shares in the prediction market. This fee is charged at the time of purchase.

In addition, for all activities, there might be a network fee imposed by the blockchain you choose on top of the NODO fee. Please note that the payout fee is applied on the losing liquidity, not on the winner’s shares buying amount and payout.

To ensure scalable platform performance and enhance our services, we have plans to adjust certain fees over the coming months. Here’s the tentative plan:

Current

21 Dec 2024

21 Jan 2025

Deposit Fee Rate

0.50%

0.50%

0.50%

Prediction Market - Trading Fee Rate

0.5%

3%

4%

Prediction Market - Payout Receive Fee Rate

2.5%

2%

2%

Withdrawal Fee Rate

4%

4%

4%

Please also be informed that we are continuously working to optimize performance and fees for NODO platform by exploring potential integrations with Web3 partners, so this is just a tentative schedule. Please note that all fees are subject to change without prior notice.

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