Smart Fee Configuration

What is a smart fee configuration?

This function will charge the user withdrawal fee based on the latest miner fee of the main chain coin network in real-time.

For non-main chain tokens, the withdrawal fee will be based on the real-time exchange rate between the token and the corresponding main chain currency (equivalent token quantity will be charged).


There are 2 main functions on this page:

  1. Enabling / Disabling Smart Fee Configuration
  2. Setting of Withdrawal Fee

1. Enabling / Disabling Smart Fee Configuration

Allows you to enable 'Smart Fee Confiugration' the token pair / coin pair of your choice that is currently supported in the system.


2. Setting of Withdrawal Fee

Allows you to set how much you would be making from withdrawal fee

Example:

Miner Fee for ABC token is now 0.23 ETH
Withdrawal Fee: 1.20
Your user will be paying 1.20 x 0.23 ETH = 0.276ETH
The amount profited before the comission with ChainUp, would therefore be 0.046 ETH.