privax protocol
privax protocol
privax protocol
  • Introduction
  • The problem we address
  • How We Address Them
  • Quick market figures
  • High level architecture
    • Overview
    • Privacy-preserving smart contracts
    • Use Cases and Applicability
  • Details of the token
    • Overview
    • Relayers
    • Transactional and swap fees
  • Showcases
    • Telegram mini app
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  1. Details of the token

Transactional and swap fees

Transactional and swap fees

Fees nominated in the Gas Token are charged to cover transactional and KYT screening/filtering for depositing, translation or swapping.

Deposits to the protocol involve moving the supported token (EVM-compatible) from a web3 wallet address into our protocol account. For each deposit a new address is generated and a fee is taken for all transactions except internal ones.

Protocol fees are incurred and added to when users withdraw assets from the protocol. This fee is directly applied when users choose to transfer their assets from the privacy-preserving environment back to their external wallet address or another designated destination and consist of the platform processing fee and the blockchain network fee.

Deposit & Withdrawal Limits

Imposing limits serves as a safeguard against substantial deposits and withdrawals that may be associated with illicit activities, such as a hack where attackers need to swiftly transfer a significant sum of funds.

Upon initial registration, new users have default limitations on the amount they can deposit and withdraw.

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Last updated 17 days ago