Ecommerce Fees Structure
Last updated
Last updated
During an order fulfilment process, a fee of 1.5% will be charged for all fulfilled orders.
Imagine an innovative e-commerce store that operates on a blockchain-based system, charging a nominal 1.5% fee on all transactions. This forward-thinking platform not only aims to facilitate seamless online transactions but also incorporates a unique model that emphasizes community benefit and sustainable growth.
However, what sets this e-commerce store apart is its commitment to distributing a portion of this fee for the greater good, promoting community participation. Specifically, 0.5% of each transaction is allocated to farming pools.
The decision to allocate a significant portion of the fees to farming pools underscores the platform's dedication to contributing positively to support community activities. By creating staking pools, the SYSLink platform not only supports DeFi economies made to scale but also aligns with sustainable practices, promoting responsible and ethical business operations.
Another 0.1% is used for facilitating and processing all payment through DePay secure payment processor for customers' orders.
0.5% from the rest of the 1.5% is set out to providing more liquidity to building a stronger liquidity pool to lower the impact of buy and sells from mostly the Vendors interactions with LP's. Enhanced liquidity efficiency initiates a robust flywheel impact and further strengthen ecosystem confidence.
The rest of the 0.4% of the transaction fee is earmarked for project management. This allocation ensures the efficient operation and continuous improvement of the e-commerce platform. Project management funds can be utilized for various purposes, such as enhancing user experience, implementing new features, and expanding the platform's reach through promotional marketing including carrying out community engaging activities.
This model fosters a sense of community engagement and responsibility. Users, while enjoying the convenience of online shopping, also contribute to broader goals. The transparency of the blockchain ensures that customers can track and verify the allocation of fees, promoting trust and accountability.
