πBitfoot Platform Fee
Last updated
Last updated
Using Bitfoot incurs a 1% fee on trades, which supports platform growth, development, and user rewards.
The 1% trading fee collected by Bitfoot is distributed across key areas designed to benefit our users and the platform.
If your trade is linked to a referral, up to 48.5% of the 1% fee goes directly to the Referral Wallet as a reward for the person who referred you. This creates a direct benefit for users who help grow the Bitfoot community. If thereβs no referral, this portion is redistributed across the other areas below.
The rest of the fee is divided among three key wallets to support token stability, development, and community rewards:
10% β $FOOT Buyback & Reserve
This portion is allocated for $FOOT token buybacks, which helps maintain the tokenβs stability and supports platform growth.
40% β Rewards Wallet
Dedicated to community rewards and incentives, this wallet funds programs to engage and reward Bitfoot users, giving back to the community that makes Bitfoot thrive.
50% β Developers Wallet
Supports ongoing development and maintenance, including Bitfootβs infrastructure that ensures top speed and reliability. This investment allows Bitfoot to maintain its competitive edge as one of the fastest trading platforms available.