Market and auction component fees

Marketplace fee

Marketplace fee is a fee charged by metapro for facilitating transactions between buyers and sellers.

metapro charge 5% marketplace fee for INS auctions

EXAMPLE:

Seller sells an NFT for $100, the platform would take $5 as their fee, and the seller would receive $95.

metapro charge 2.5% marketplace fee for Buy Now and Auction system auctions

EXAMPLE:

Seller sells an NFT for $100, the platform would take $2,50 as their fee, and the seller would receive $97,50.

Royalty fee

Royalty fee is a percentage of a token’s price sent to a creator and royalty members after each sale transaction involving the token.

User are able to add as many members as necessary. The minimum percentage that can be set up per wallet is 0.01%. The total royalty for all wallets cannot exceed 10%

EXAMPLE:

If a seller sells an NFT for $100 and has set up five royalty wallets at 2% each, the seller would receive $90 (minus marketplace fee). Each of the 5 royalty wallets would receive $2 as their share of the total royalty.

Referral system fee

Referral panel is a feature that allows users to earn money by referring auctions of different creator to their network. Referral fee will be paid from every auction that has the referral fee enabled, if the wallet you have added to your structure purchases the specific token in that auction.

The maximum percentage set for the referral program cannot exceed 15%

EXAMPLE:

Person A has a structure with 3 referral wallets:

Level 1 (Person X)

Level 2 (Person Y)

Level 3 (Person Z)

If Person Z buys an NFT for $100 using Person Y referral link, then:

Person Y will receive 8% of the sale price ($8)

Person X will receive 4% of the sale price ($4)

Person A will receive 3% of the sale price ($3)