5.0 FEES

All commission payments on the platform are paid by the user. In case the user initiates the transaction, he pays the commission personally. In case the platform is an initiator, commission is paid by the platform, but it is deducted from the payment to the user.

As all operations on the platform implying commission payouts are made in the Ethereum network, commission in dollars depends on 2 main parameters: the amount of gas required for the operation and the gas price in the gwei (gas price).

As the price of gas is set by the initiator of the transaction, for convenience of calculations, we will take the optimal gas price at the current moment — 8 gwei. Then the commission expenses, depending on the type of operation, will be the following:

▸ Exchange of ETH or another cryptocurrency to the SBT token. The commission will equal 40,000 gas or about $0.1

▸ Placing a bet on the platform in SBT tokens. The commission will make up 120,000 - 240,000 gas or $0.32- $0.64

▸ Closing the basket of bets. Transaction commission for the basket closure will be distributed equally among the winners of the corresponding round, and deducted from their winnings. The commission will be equal to 45,000 gas or about $0.12

▸ Income payouts in SBT tokens. The amount of commission depends on the number of bets in the pool in the current round and is approximately 80,000 gas or $0.21 in case of 1 winner.

▸ Referral reward payouts in SBT tokens. The size of the commission is still unknown. The commission is deducted from the amount of the referral reward.

▸ Reverse exchange of the SBT token to ETH or another cryptocurrency. The commission will equal to 40,000 gas or about $0.1

Please bear in mind that these numbers are approximate and subject to change.