Altmarkets Account Tier Program

Altmarkets introduces an option for traders to save on both trading and discount fees.

Exchanges have fees and wether we’d like to have them in place or not it’s always something that is inevitable.

Just like other exchanges, Altmarkets does have fees and this ensures that we have the funding to provide a safe and ever developing trading environment.

Having fees set on markets also acts as a deterrent against traders placing multiple small orders or manipulating the markets, of course they still could but at a cost to themselves and generally a waste of funds for that person.

ALTM Coin (Altmarkets Coin)

The exchange has it’s own utility currency, upto now it’s not had much of a utility or use (voting), now we would like to introduce the Altmarkets Account Tier program.

The exchange now displays the current amount of Locked ALTM across all accounts

The program introduces tiers to all accounts on Altmarkets, anyone holding an amount of ALTM within their accounts will be able to participate in moving up these tiers to a maximum discount of 25% on maker/taker fees as well as withdraw fees.

To gain or attatch a trading fee tier to your account you would need to lock the required amount of ALTM for a minimum of 24 hours thus giving you the matched tier level and discount.

Locking ALTM to reach a new VIP Level.

Altmarkets has the following tier levels and discounts on offer to public traders on the exchange:

VIP 0
No holdings / Standard account .25% maker/taker fee & 0% discount on withdraws.

VIP 1
10,000 ALTM Locked .20% maker/taker fee & 5% discount on withdraws

VIP 2
25,000 ALTM Locked .10% maker/taker fee & 10% discount on withdraws

VIP 3
50,000 ALTM Locked .05% maker/taker fee & 25% discount on withdraws

Tier levels will be constantly reviewed and additional tiers maybe added in the coming future.

View more information on options to lock ALTM HERE.

Buy ALTM on Altmarkets Exchange

Discount levels are account level deep and these will also be applicable to the accounts actions or use with our Altmarkets Private API and external bots / programs such as Hummingbot, both which we’ll cover on our next blog post.

Thanks for reading.