This guide provides a comprehensive overview of the fee structure for MoneyX, a decentralized perpetual futures exchange on the Binance Smart Chain (BSC), designed as a clone of a well-known decentralized trading platform. Tailored for users of all experience levels, this page details the fees associated with trading, staking, vesting, and liquidity provision, ensuring transparency and clarity. Fees are dynamically taken in the asset being traded (e.g., BTC, ETH, BNB, SOL, XRP, DOGE, USDT, or USDC), aligning with the platform’s trading mechanics. Below, we break down each fee type, its calculation, and how it supports platform operations, with references to audited smart contracts and monitoring tools.
Overview of MoneyX Fees
MoneyX operates with a transparent and competitive fee structure to support trading, liquidity provision, staking, and referral programs. Fees are designed to sustain the platform, incentivize MLP liquidity providers, and reward MONEY/EsMONEY stakers while keeping costs low for traders. Unlike traditional exchanges, fees are taken in the asset being traded (e.g., BTC fees for BTC/USD trades, USDT fees for USDT-based swaps), ensuring alignment with user activity. All fees are processed by audited smart contracts, with minimal BSC gas fees for transactions.
Key Fee Types
Trading Fees: Charged for opening and closing leveraged positions, paid in the traded asset.
Borrow Fees: Hourly fees on leveraged positions, paid in the traded asset to fund liquidity providers.
Swap Fees: Applied when converting assets within the platform, paid in the input asset.
Redemption Fees: Charged for unstaking or redeeming staked tokens, paid in the redeemed asset.
Funding Rates: Periodic fees to balance long and short positions, paid in the traded asset.
Gas Fees: Minimal BSC network fees for transactions, paid in BNB.
Referral Rebates: Discounts for referred users, offset by referrer rewards in WBNB.
Fees are distributed to MLP liquidity providers (70% of trading fees) and MONEY/EsMONEY stakers (30%), with real-time metrics available on the Stats Page.
Detailed Fee Breakdown
1. Trading Fees
Description: Fees for opening and closing leveraged positions on perpetual futures (BTC, ETH, BNB, SOL, XRP, DOGE).
Rate: 0.1% of position size for both opening and closing (0.2% total per trade), paid in the traded asset (e.g., BTC for BTC/USD, USDT for USDT-based trades).
Calculation:
Trading Fee = Position Size × 0.1%
Position Size = Collateral × Leverage
Example:
Open a $1,000 BTC/USD position with 10x leverage ($10,000 total size).
Opening Fee: $10,000 × 0.1% = $10 (or ~0.00017 BTC at $60,000/BTC).
Closing Fee: $10,000 × 0.1% = $10 (~0.00017 BTC).
Total: ~0.00034 BTC per round-trip trade.
Purpose: Funds MLP liquidity pool and MONEY/EsMONEY stakers.
Contract: Managed by the Vault (0xeB0E5E1a8500317A1B8fDd195097D5509Ef861de).
2. Borrow Fees
Description: Hourly fees on leveraged positions to compensate MLP liquidity providers, paid in the traded asset.
Rate: 0.0099% per hour, applied continuously to the position size.
Calculation:
Borrow Fee = Position Size × 0.0099% × Hours Held
Example:
$10,000 BTC/USD position held for 24 hours.
Borrow Fee: $10,000 × 0.0099% × 24 = $2.376 (~0.00004 BTC/day at $60,000/BTC).
For 7 days: $2.376 × 7 = $16.632 (~0.00028 BTC).
Purpose: Ensures liquidity pool sustainability and rewards MLP holders.
Contract: Processed by the Vault and distributed via RewardDistributorFeeMLP (0x186d737BaB2b2E121B83C142ef9D6C9151461448).
3. Swap Fees
Description: Fees for converting assets within the platform (e.g., USDT to BTC, USDC to ETH) during deposits, withdrawals, or MLP redemptions, paid in the input asset.
Rate: 0.2% to 0.8%, depending on pool balance and asset availability.
Lower fees (0.2%) for balanced assets (e.g., USDT to USDC).
Higher fees (0.8%) for imbalanced assets (e.g., USDT to DOGE).
Calculation:
Swap Fee = Swap Amount × Fee Rate (0.2% to 0.8%)
Example:
Swap $1,000 USDT to BTC with a 0.3% fee.
Fee: $1,000 × 0.3% = $3 USDT.
Purpose: Maintains MLP pool balance and compensates liquidity providers.
Contract: Handled by the Vault and MlpManager (0x667e43E32372696c27B7AB72D435bC9261F35E01).
4. Redemption Fees
Description: Fees for unstaking or redeeming staked tokens (MONEY, EsMONEY, Bonus MONEY, MLP), paid in the redeemed asset.
Rate: 0.1% of the unstaked or redeemed amount.
Calculation:
Redemption Fee = Unstaked Amount × 0.1%
Example:
Unstake 100 MONEY ($2,900 at $29/MONEY).
Fee: $2,900 × 0.1% = $2.90 (~0.1 MONEY).
Redeem 10 MLP ($1,000 value) into BTC.
Fee: $1,000 × 0.1% = $1 (~0.000017 BTC at $60,000/BTC).
Cooldown: 15-day cooldown period applies to unstaking to prevent rapid exits.
Purpose: Discourages short-term speculation and stabilizes the ecosystem.
Contract: Managed by RewardRouterV2 (0xA92eaE4AB17f9091FBf5dA7C7cbB0AEa346649C9) and VestedMLP (0xaCD327e3ec595F601C6c7b02585c3db01E6A2a09).
5. Funding Rates
Description: Periodic fees paid between long and short traders to balance market skew, paid in the traded asset.
Rate: Variable, based on the imbalance of long vs. short positions.
Positive rate: Longs pay shorts.
Negative rate: Shorts pay longs.
Frequency: Charged every 8 hours, proportional to position size.
Calculation:
Funding Fee = Position Size × Funding Rate × Time Fraction (8/24 hours)
Example:
$10,000 BTC/USD long position with a 0.01% funding rate per 8 hours.
Fee: $10,000 × 0.01% = $1 (~0.000017 BTC per 8-hour period).
Purpose: Encourages balanced open interest to reduce liquidation risks.
Contract: Processed by the Vault and tracked via VaultUtils (0xd5AEE715c59E8e62a9d7e49d8bA68B8A52C09CE4).
Monitoring: Check rates on the Stats Page.
6. Gas Fees
Description: BSC network fees for on-chain transactions (e.g., staking, unstaking, vesting, order execution), paid in BNB.
Rate: Minimal, typically $0.01–$0.10 per transaction.
Examples:
Deposit USDT: ~$0.05.
Place market order: ~$0.07.
Claim rewards: ~$0.03.
Purpose: Covers BSC network costs for transaction processing.
Mitigation: Batch actions (e.g., compound multiple rewards) to reduce gas costs.
7. Referral Rebates
Description: Discounts on trading fees for referred users, offset by referrer rewards in WBNB (Referral Guide).
Rate:
Referred users: 5–10% discount on trading fees (e.g., 0.1% opening fee reduced to 0.09%).
Referrers: 5–15% of fees paid by referred users, based on tier, paid in WBNB.
Calculation:
Referred User Discount = Trading Fee × Discount Rate (5–10%)
Referrer Reward = Trading Fee × Rebate Rate (5–15%)
Example:
Referred user opens a $10,000 BTC/USD position (0.1% fee = $10 or ~0.00017 BTC).
Tier 2 (10% discount): User pays $9 (~0.00015 BTC); referrer earns $1 (~0.0017 WBNB at $600/WBNB).
Purpose: Incentivizes platform growth while reducing user costs.
Contract: Managed by ReferralStorage (0xA833940Ed3c260C2d603ad9d9152E2533D6005DF).
Fee Distribution
MLP Holders: Receive 60% of trading, borrow, and swap fees, paid in the traded asset (e.g., BTC, USDT) (MLP Liquidity Guide).
MONEY/EsMONEY Stakers: Receive 30% of fees, paid in WBNB, plus EsMONEY rewards (Tokenomics and Staking Guide).
Referrers: Earn 5–15% of fees from referred users, paid weekly in WBNB (Referral Guide).
Burn Mechanism: A portion of fees may be used to buy back and burn MONEY tokens, managed by the Timelock (0x0cb8cf2EdccD329cEba9176D588A2B895a20ba3A).
Example Scenario: Total Fees for a Trade
Trade: Open a $1,000 BTC/USD position at 10x leverage, hold for 24 hours, then close.
Fees (BTC at $60,000):
Opening Fee: $10,000 × 0.1% = $10 (~0.00017 BTC).
Borrow Fee: $10,000 × 0.0099% × 24 = $2.376 (~0.00004 BTC).
Funding Fee: $10,000 × 0.01% = $1 (~0.000017 BTC, if applicable).
Closing Fee: $10,000 × 0.1% = $10 (~0.00017 BTC).
Gas Fees: ~$0.12 ($0.06 open, $0.06 close, in BNB).
Total: ~0.000397 BTC + $0.12 BNB.
With Referral (Tier 2, 10% discount):
Opening Fee: $10 × 90% = $9 (~0.00015 BTC).
Closing Fee: $10 × 90% = $9 (~0.00015 BTC).
Total: ~0.000357 BTC + $0.12 BNB.
Monitoring and Managing Fees
Reward Dashboard: Track fees paid and earned in the Earn or Trades tab on moneyxpro.com.
Stats Page: View platform-wide fee distribution, APRs, and funding rates at https://stats.moneyxpro.com.
Referral Dashboard: Monitor referral discounts and rewards at https://moneyxpro.com/#/referrals.
BSC Explorer: Verify fee transactions via BscScan using contract addresses (e.g., Vault).
Risks and Considerations
Fee Variability: Borrow and swap fees vary with market conditions and pool balance, impacting costs.
Asset Volatility: Fees paid in traded assets (e.g., BTC) fluctuate in USD value, affecting cost predictability.
Smart Contract Risk: Audited contracts minimize vulnerabilities, but risks remain (Governance and Security Guide).
Gas Fees: Minimal but require sufficient BNB; low BNB balance may delay actions.
Mitigate by:
Using referral codes for 5–10% trading fee discounts.
Monitoring funding rates and pool balance on the Stats Page.
Batching transactions to reduce gas costs.
Key Contracts
Fees are processed by audited BSC contracts:
Vault (0xeB0E5E1a8500317A1B8fDd195097D5509Ef861de): Collects trading, borrow, and swap fees.
MlpManager (0x667e43E32372696c27B7AB72D435bC9261F35E01): Distributes MLP fees.
RewardRouterV2 (0xA92eaE4AB17f9091FBf5dA7C7cbB0AEa346649C9): Routes fees to stakers and referrers.
ReferralStorage (0xA833940Ed3c260C2d603ad9d9152E2533D6005DF): Manages referral rebates.
VaultPriceFeed (0x31086dBa211D1e66F51701535AD4C0e0f98A3482): Ensures accurate fee calculations.
For a full list, see the Governance and Security Guide.
Getting Support
For assistance:
Join the BESC LLC Portal on Telegram.
Follow @bescllc for updates.
Visit moneyxpro.com for access.
Next Steps
Understand and optimize fees by trading on moneyxpro.com, using referral codes, and monitoring metrics on the Stats Page. Engage via Telegram for community insights.