3. The taker will pay a small fee (e.g. -0.15%) and the maker will get paid, not charged, a fee (e.g. +0.05%). Currently Poloniex nets around 0.4% and Bittrex around 0.5% of every transaction, which are respectively 400% and 500% higher than what WCX intends to charge.
All trades have a 0.25% commission on Bittrex btw.
They take 0.25% from each side of the trade last I checked, so 0.5% total.
Also, thank you WCX I've received the rewards. Very excited for this project.
In my opinion most exchanges and especially poloniex definitely take way too much...
lower fees are a very good idea to attract many traders so this is a good starting point
How the payout will work?
very good question!! will we add our ETH wallet address on your site later?