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RE: Hive NFTs New Feature: NFT's Auctions & Other Features.

in HiveDevs28 days ago

When you say "Market fee: 5% of the final price". What token is that fee paid in? Is it Bee/Hive or the token the nfts were bought with?

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The fee is always charged in the token used for the transaction (STARBITS, STARPRO, another); the BEE fee is charged ONLY when the auction begins.

The commission is the same as when trading NFTs on any marketplace: 5%. The difference is that, in a buy/sell transaction, 4% of the commission goes to the contract creator (e.g., Rising) and the remaining 1% to the marketplace. In this case, the marketplace keeps the full 5%.

OK. Thanks for the explanation.

You´re welcome!