Learn how Fred Bot applies trade fees in Virtual Trading and how to manage them effectively.
Transaction Fees
Every buy or sell transaction made through Fred Bot incurs a 1% fee in $VIRTUAL. To optimize transactions and reduce unnecessary charges, these fees are accumulated in your account until they exceed 30 $VIRTUAL. Once the threshold is reached, an automatic deduction is processed.
🔥 Burn to Reduce Fees
Burning $FRED permanently reduces your trading fees.
Base Fee: 1% per buy or sell transaction.
Burn Effect: For every 1,000,000 $FRED you burn, your fee decreases by 0.01% (1% of the base fee).
How Burn?
To reduce your fees, simply send $FRED from your trading wallet to the official dead address0x000000000000000000000000000000000000dEaD.
Fred Bot automatically detects the burn, links it to your wallet, and updates your fee rate instantly.
Fee Reduction Examples
$FRED Burned
Fee Discount
Final Fee
0
0%
1.00%
1,000,000
1%
0.99%
5,000,000
5%
0.95%
10,000,000
10%
0.90%
100,000,000
100%
0.00%
Track Your Fees
You can monitor and manage any unpaid fees directly from the /agent menu, ensuring transparency and full control over your trading activities.