Currently, Afloat's Pallet charges the same transaction fee for both buying and selling of FTs (Fungible Tokens). However, it is important to have different transaction fees for buying and selling, as the costs associated with these transactions can vary. Therefore, we need to implement different transaction fees for buying and selling in Afloat's Pallet.
The main reason for this change is to provide a fair and cost-effective platform for users. As transaction fees play a significant role in users' decision-making process, it is important to provide them with a transparent and reasonable fee structure. Additionally, this change will align our platform with industry standards and practices for FTs.
Tasks:
Update the Pallet's smart contract to include two separate transaction fees for buying and selling FTs.
Update the Pallet's UI to display the transaction fees for both buying and selling.
Update the Pallet's backend to ensure that the correct transaction fee is charged for each transaction.
Test the implementation thoroughly to ensure accuracy and consistency.
Expected Outcome:
Once implemented, users will be able to see the transaction fees for both buying and selling of FTs on the platform. This will provide them with a transparent fee structure and enable more informed decision-making. Additionally, this change will align our platform with industry standards and practices for FTs, which will improve user trust and confidence in our platform.
Description:
Currently, Afloat's Pallet charges the same transaction fee for both buying and selling of FTs (Fungible Tokens). However, it is important to have different transaction fees for buying and selling, as the costs associated with these transactions can vary. Therefore, we need to implement different transaction fees for buying and selling in Afloat's Pallet.
The main reason for this change is to provide a fair and cost-effective platform for users. As transaction fees play a significant role in users' decision-making process, it is important to provide them with a transparent and reasonable fee structure. Additionally, this change will align our platform with industry standards and practices for FTs.
Tasks:
Expected Outcome:
Once implemented, users will be able to see the transaction fees for both buying and selling of FTs on the platform. This will provide them with a transparent fee structure and enable more informed decision-making. Additionally, this change will align our platform with industry standards and practices for FTs, which will improve user trust and confidence in our platform.