Fee on South America Realty (SARLT)
Last updated
Last updated
There are three types of fees associated with using South America Realty (SARLT)
Protocol Fees
Gas Fees
Marketplace Fee
Fees are additional amounts that a user pays on top of a base price of an asset. These can be imposed by various entities. The following table illustrates the fees on South America Realty (SARLT).
Entity
Type of Fee
Amount
Example
South America Realty (SARLT)
Protocol
2% of every NFT trade
Alice lists an NFT for 1 BNB on a marketplace. When Bob purchases this NFT, he would need to pay 1.02 BNB where 1 BNB goes to Alice and 0.02 BNB goes to South America Realty (SARLT).
3rd parties builds marketplace via South America Realty (SARLT)
Maker Marketplace Fee
"Decided by 3rd platforms"
Alice wishes to receive 0.99 BNB for her NFT assets and lists it on a marketplace that imposes a maker fee of 1%. Therefore, the price that the asset will be listed for on the marketplace is 1 BNB.
3rd parties builds marketplace via South America Realty (SARLT)
Taker Marketplace Fee
Decided by 3rd platforms
Alice wishes to receive 1 BNB for her NFT assets and lists it on a marketplace. Bob wishes to buy the asset from a different marketplace that imposes a taker fee of 1% and marketplace fee is 1.5% and will therefore be presented with a buying price of 1.025 BNB inclusive of the taker marketplace fee.
Collection royalty recipient, ie. owner of an NFT smart contract
Royalty
Decided by Creators
Alice mints a collection of assets on South America Realty (SARLT) and sets a 5% royalty for every asset in the collection to go to her.
Bob owns an asset from Alice's collection and sets the sale price of 1 BNB. The marketplace on which he lists the asset will display a selling price of 1 BNB.
When Ciaran comes along and buys this asset, he pays 1.05 BNB, 1 BNB of which goes to Bob, and 0.05 BNB goes to Alice.