Trading Fees
Rodeyo does not currently charge any fees. In the future, we plan to charge a 1% fee on successful purchases.Example of future 1% fee implementation:
Assume you list your NFT for sale for $100. Upon its successful sale, the buyer will pay $101: $100 goes to you, the seller, and $1 goes to Rodeyo.
Creator royalty fees are a mechanism that allows original NFT creators to earn ongoing compensation whenever their work is resold on marketplaces like Rodeyo. Each time an NFT changes hands, a predetermined percentage of the sale price is automatically paid to the creator as a royalty. This system ensures that artists and game developers continue to benefit from the increasing value of their creations over time. By supporting creator royalty fees, Rodeyo fosters a sustainable ecosystem where creators are rewarded for their contributions, encouraging more innovative and high-quality content for the community.
Gas fees are transaction costs on blockchain networks, required to execute actions like buying, selling, or transferring NFTs. These fees are used to compensate network participants (miners or validators) who process and secure transactions. The amount of gas required can vary depending on the complexity of the transaction and the current network congestion.
On platforms like Ethereum, gas fees are paid in the network's native cryptocurrency, such as ETH, and can fluctuate throughout the day. Rodeyo does not charge gas fees, but you will need to pay gas fees to the network when you interact with the blockchain.
Other marketplaces, like OpenSea, may charge additional transaction fees. For instance, if an NFT listing was originally created on OpenSea and later purchased on Rodeyo, any fees imposed by OpenSea will automatically be included in the transaction and deducted upon purchase.