Fees

7min
Fee Structure Overview
Forkast offers a clear and transparent fee structure that balances incentivizing active trading with maintaining the platform’s long-term sustainability.
1. Deposit Fee
Forkast does not charge deposit fees for crypto deposits.
2. Taker Fee
Taker Fee: A 0.75% taker fee applies when your sell order matches an existing buy order.
In the future, users can pay taker fees using CGX and receive a fee discount. 
In the future, a signifcant portion of Taker Fees will be allocated to CGX stakers.

A taker fee is charged when an order removes liquidity from the market by matching with an existing order.
Currently, Forkast covers all maker fees, meaning placing buying orders is free.
3. Conversion Fee
A conversion fee of 0.2% is applied when converting Platform Credits (PC) back to supported cryptocurrencies (currently USDC).
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Examples of Fees (if > 0)
Sell Order Fee
A user places a sell order for 100 tokens priced at 1 PC each:
Sell Total: 100 PC
Fee (0.75%): 0.75 PC
Net Received: 99.25 PC
Conversion Fee
A user holds 100 Platform Credits vand wants to convert them to USDC:
Total Conversion Amount: 100 PC
Fee (0.2%): 0.2 PC
Net Redeemed: 99.8 USDC
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Buying: No fees apply to buy orders, as Forkast does not charge maker fees (fees for adding liquidity).
Conditional Tokens Framework
Smart Contracts