Fees

On PulseMarket, there are no fees involved when using the Hocus Pocus (HOC) tokens. However, when using other currencies, there is a fee of 1.9%. These fees likely contribute to the functioning and sustainability of the ecosystem, supporting the platform's operations, development, and marketing.

Here are some common fees you might encounter when trading on PulseMarket:

Gas Fees: Gas fees are associated with blockchain transactions and are paid in the native cryptocurrency of the blockchain (e.g., Ether on Ethereum and PLS on PulseChain). These fees cover the computational resources needed to process and validate the transactions.

Royalty Fees: Some NFT projects and creators may have a royalty fee in their contract for their NFTs. This fee is a percentage of the future sales of the NFT in the secondary market and is paid to the original creator. It incentivizes creators to continue producing valuable content and rewards them for the ongoing success of their creations.

Trading Fees: PulseMarket charges a platform fee of 1.9% when trading in all currencies, except HOC. These fees support the overall operation and development of the platform, including maintenance, security, and feature enhancements.

It's essential to carefully read and understand the fee structure of PulseMarket, as fees can vary from one project to another. Investing in the NFT ecosystem requires consideration of these fees and their potential impact on your overall investment strategy. By supporting these fees, investors contribute to the growth and sustainability of the NFT ecosystem, benefiting both creators and collectors in the long run.