For one trade per hour, the Company will not charge any trading fees or commission for Token exchanges on the Fyooz Exchange. if the user makes more than one trade per hour, he will be charged fixed fees from $ 1.00 to 4.00.
When a User places an order on the Fyooz Exchange, the User approves the exchange smart contract developed by Urknall AG to access the Fyooz Coins and to settle the respective transaction on the Ethereum blockchain by submitting the User’s digital signature.
To further lower the barriers to trading and order matching, the network fees that are payable to validators of the Ethereum blockchain (so called gas fee) will be paid by a Meta Transactions Relayer on behalf of the Users. This means that the User does not require any ETH in order to buy or sell Star Tokens on the Fyooz Exchange.