Post
Topic
Board Announcements (Altcoins)
Re: ANN [GBX] Globitex - Linking Digital Currency to Global Trade
by
Globitex
on 30/11/2017, 19:52:40 UTC
When you will launch exchange? And which comission you will have in full version? And which other pairs you will have?

Globitex is expected to launch at the beginning of 2018. More crypto and fiat currencies will be added. Commissions will be based on maker/taker model, depending on the traded volume in a given time period. Market makers will be favoured with lower to no commission.

I cant undertand. What is " maker/taker model" ? Can you explaine? You dont have fix commissions?

Maker/taker fees offer a transaction rebate in the form of lower/no commissions to those who provide liquidity on the exchange (the market makers). The chief aim of maker/taker fees is to stimulate trading activity within the exchange.

In simple terms, if you place a limit order to buy at a price lower or  sell at a price higher than the current market rate of an asset, you can expect to pay lower/no fees compared to someone that just places a market order and immediately buys/sells at the current available rates.

Hope this helps.