Upcoming change to our fee structure: Reducing ICN fee and adjusting transaction fees
As of March 2017 we have been gradually adding users to beta test the ICONOMI platform. Our goal was to expand the pool of testers that helped us gain valuable feedback. Many thanks to everyone!
The feedback from our community has helped us prioritise the next steps for ICONOMI’s development. The value of ICN has appreciated since our ICO to the level where we are now reducing the ICN transaction fee. Instead of 1 ICN per withdrawal, the fee for ICN withdrawals will be 0.1 ICN per transaction as of July 1st.
New ICN transaction fee: 0.1 ICN per transaction
With this many features, testing is crucial to ensure a positive and consistent experience across our platform. We are working to enhance performance at every turn!
That being said, a wide range of factors need to be considered before the platform is launched. Factors like data costs and transaction speeds are especially important to our users, and we want to make sure they always get the best experience.
Since the beginning of the beta phase our transaction fees have been insignificant, as we wanted to create an open testing environment for our users, focusing mostly on smooth functioning and platform performance.
Based on the platform performance during these past few months, we have decided to implement the following transaction fees:
- Withdraw ETH: 0.005 ETH per transaction
- Withdraw BTC: 0.001 BTC per transaction
- Withdraw CFI: 1 CFI per transaction
- Sell ICNX: 0.5% per transaction
All deposits and ICNX purchases have ZERO fees.
Please note: The new fee structure will become active on July 1, 2017.
During these past few months of beta testing we have gained a significant amount of platform behavioural data and statistics. Please keep in mind that the platform is still in development. As such, content in the closed beta environment may change and does not necessarily represent the final version. You can sign up to our email updates to keep up with our latest news.
We are constantly working on making improvements to the overall user experience and performance of our platform, which we can’t wait to deliver to you!
If you have any further questions, please check our Knowledge base. You are welcome to follow us on Facebook and Twitter!
