🏷️ Trade Fees
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 address 0x000000000000000000000000000000000000dEaD.
Fred Bot automatically detects the burn, links it to your wallet, and updates your fee rate instantly.
Fee Reduction Examples
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.
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