For the first 30 days after distribution, there will be a 50% fee for converting BEP-2 to ERC-20, decreasing by 1.5% per day until the fee is eliminated.
Please read carefully next time. The fee diminishes by 1.5% per day. so it would take around 33 days for a 0% fee.
But why have you done this? Is this a Binance requirement for decreasing FTM-Bep tokens on their Dex exchange and pump price at the beginning?
What types of tokens will be listed to Bitmax? Bep or Erc?
We are only issuing small number of BEP-2 tokens (enough to apply for Binance DEX) and keep the rest ERC-20, which is preferable for bounties and other marketing.
This is the system in which the team has come up with, to ensure a smooth transition to the exchanges. Everyone has some sort of lockup, it was strategic to become affilated and later list to Binance Dex, again in which you need to issue a certain amount of your tokens to BEP.
It isn't perfect, neither are we claiming it to be. But, the team did their best to balance and consider all avenues for the longer-term vision, which is what ultimately matters most to the team, the business and the network itself.
I am very happy to hear that FRM tokens will be listed on the Bitmax exchange on August 5th tomorrow, and whether later Ferrum will be able to sell and buy it there after entering, I am very excited about this development...