DGX has 2 fee features:
- 0.13% of Transaction Fee charged per instance whenever a transaction takes place on the Ethereum Blockchain.
EG. If James sends his brother 5 DGX tokens, his brother will receive 4.9935 DGX as the 0.13% fee will be dedicated from the transaction.
- Daily Deductible Demurrage* Fee amounting to 0.60% per annum. This demurrage fee is calculated ACT / 360 daily at 0.60% pa - this happens on chain and is an intrinsic feature of the DGX token.
Please note that the demurrage fee is currently deactivated and set to 0%.
*Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. For DGX, demurrage is the cost of storing and securing the gold backing the token.