AXNET is excited to allow users to get more of utility from AXN by using it towards transaction fees and getting 50% off!
How are transaction fees calculated into AXN?
Take A/BTC trading pair, for example, AXNET will take the real-time A/BTC and AXN/BTC prices at the time of the transaction as follows:
Fees (AXN) = (real-time price of A/BTC) / (real-time price of AXN/BTC) * Taker/Maker fees * Discount
How many AXN do I need to activate this feature?
“Use AXN as Transaction Fees” can be enabled when you place an order or in account settings.
As long as there are enough AXN in your balance for a single transaction, your transaction fees will be systematically calculated into AXN and used with certain discount.
How to disable “Use AXN as Transaction Fees”?
After signing in, you can disable or re-enable the feature “Use AXN as Transaction Fees” in “Basic info” - “Account”.
How to calculate fees when trading AXN?
When trading AXN, if you have enabled “Use AXN as Transaction Fees”, your fees in AXN will be calculated against the promotional discount; Otherwise, your transaction fees will be charged with default rate.
What if I don't have enough AXN for fee deduction?
If your AXN is insufficient to cover fees, the transaction fees will be charged and calculated with default coin type and fee rate.