📘 Platform Fees

BigMarket operates under a DAO-governed fee structure, meaning that all fees on the platform are determined by DAO voting. Fees can only be changed by DAO proposals and votes.

🔹 Types of Fees

BigMarket has four main types of fees:

1️⃣ Development Fund Fee

• Applied to: All stakes

• Current Rate: 2%

• Purpose: Funds platform development & maintenance.

• Where it goes: Paid to the development fund to support ongoing improvements.

2️⃣ DAO Fund Fee

• Applied to: Winning claims

• Current Rate: 2%

• Purpose: Funds the BigMarket DAO treasury.

• Where it goes: The DAO controls and spends these funds via governance voting.

3️⃣ Market Fund Fee

• Applied to: Market winnings (set by market creator)

• Purpose: Allows market creators to earn fees for running a market.

• Where it goes: Paid to a treasury of the market creator’s choosing.

• Restrictions: The DAO sets an upper limit on the fee percentage to ensure fairness.

4️⃣ Market Creation Fee

• Applied to: New market creation

• Purpose: Discourages spam and funds the BigMarket DAO treasury.

• Where it goes: Paid directly to the DAO treasury.

---

🔹 Who Controls the Fees?

🔹 All fees are set by the DAO through voting. 🔹 Only a DAO proposal can modify fee structures. 🔹 The DAO treasury receives and manages funds, ensuring full transparency.

---

📢 Stay Updated

• Follow DAO proposals to see if fees change.

• Participate in governance to influence fee structures.

• Join the discussion on Discord or Twitter.

---

🚀 BigMarket ensures fees are community-driven and DAO-governed, creating a fair and transparent system.