Dear Koindex users,
We will inform you of the trading fees of KOIN.
Users can buy and sell KOIN only in the Standard Trade mode. Trading of KOIN will not be supported by Trade Mining mode.
KOIN Trading fees (at execution)
*The meaning of a negative fee when you buy KOIN means that you can get 0.1% more when you buy KOIN on the trade board.
KOIN is the target of revenue sharing
The margin generated by buying and selling KOIN becomes the profit of the exchange and is distributed to KOIN holders like other currencies.
KOIN is traded based on our standardized "KOIN Index", which is composed of gold, Bitcoin and USD.
The ratio at the start of the KOIN index is Bitcoin 20%, gold 40%, & USD 40%. On the 1st day of every month, the composition ratio will be revised according to market fluctuations.
In addition, if the price of either gold, Bitcoin, or USD fluctuates by 10% or more, the composition ratio will be revised by the formula shown in the rulebook without waiting for the first day of every month
About Trading KOIN
KOIN can only be traded + or - 10% the price of the standard price of the KOIN index. Users cannot trade outside these price bracket limits. The "KOIN Index" base rate is updated every Monday.
With such a built-in mechanism, the KOIN price is designed so it does not violently fluctuate. Since it is included based on the index Koindex independently constructed, with principles to withstand against large market fluctuations, the token design is optimal for long-term holdings with an aim of moderate price increases.