Platform Fees
Transparent fee structure across PicWe platform
Overview
PicWe maintains a transparent fee structure. All fees are disclosed upfront and executed via smart contracts.
Fee Summary
| Operation | Fee | Notes |
|---|---|---|
| Mint WEUSD | 0% | Only gas fees |
| Redeem WEUSD | 1% | Protocol fee + gas fees |
| Cross-Chain Transfer | 1% | Protocol fee + source chain gas |
| Origin Mincast (Mincast) | 0.3-1% | Varies by asset |
| Origin Mincast (Melt) | 0.3-1% | Varies by asset |
| IRO Participation | 0% | No subscription fee |
| Invest Module | 0% | Management fee in APY |
Detailed Breakdown
WEUSD Operations
| Operation | Protocol Fee | Gas |
|---|---|---|
| Mint | 0% | User pays |
| Redeem | 1% | User pays |
| Cross-Chain | 1% | Source chain only |
Protocol fees: Redeem and Cross-Chain Transfer operations charge a 1% protocol fee. Mint operations have no protocol fee.
Origin Mincast
| Operation | Fee Range | Destination |
|---|---|---|
| Mincast | 0.3-1% | Treasury + Protocol |
| Melt | 0.3-1% | Treasury + Protocol |
Fee Distribution:
- Treasury — Majority goes to asset treasury (supports floor price)
- Protocol — Portion to PicWe for development
Note: Exact fees vary by asset. Check specific market parameters.
IRO
| Phase | Fee |
|---|---|
| Whitelist Subscription | 0% |
| Public Subscription | 0% |
| Token Claim | 0% (gas only) |
No fees for participating in IROs. Issuers may have separate arrangements.
Invest Module
| Action | Fee |
|---|---|
| Invest | 0% |
| Redeem | 0% |
| Management | Included in APY |
Fees are built into the APY. The displayed APY is what you receive after all fees.
Fee Destinations
Treasury
Fees directed to treasury:
- Support floor price calculations
- Fund APY distributions
- Build asset reserves
Protocol
Fees directed to protocol:
- Development and maintenance
- Security audits
- Infrastructure costs
- Team operations
Burn (Future)
Portion may be used for:
- $PIC token burns
- Deflationary mechanisms
Gas Fees
User-Paid Gas
| Network | Typical Gas (USD) |
|---|---|
| BSC | $0.05 - $0.20 |
| Base | $0.01 - $0.10 |
| Arbitrum | $0.05 - $0.30 |
| HashKey | Variable |
| Plume | Variable |
| Movement | Variable |
Gas costs vary by network congestion.
Tips to Reduce Gas
- Time transactions — Avoid peak hours
- Batch operations — Combine when possible
- Choose network — Some networks are cheaper
Transparency
On-Chain Verification
All fees are:
- Defined in smart contracts
- Executed automatically
- Verifiable on-chain
- Cannot be changed arbitrarily
Fee Updates
If fees change:
- Announced in advance
- Community notification
- Governance input (where applicable)
Comparison
PicWe vs Traditional Platforms
| Platform Type | Typical Fees |
|---|---|
| Traditional RWA platforms | 1-5% + management fees |
| Centralized exchanges | 0.1-0.5% trading |
| DeFi AMMs | 0.3% standard |
| PicWe | 0-1% depending on operation |
PicWe aims to keep fees competitive while ensuring platform sustainability.
Questions?
For fee-related inquiries:
- Check specific asset/market parameters
- Review smart contract code
- Contact support