Since the UGMCRYPTO exchange is an automated platform for arbitrage trading, the platform represents bots, the trader pays the fee for using bots in the form of a commission at the time the bot fixes a profitable transaction, and is charged in the UGM token.
The trader replenishes the commission balance, from which the commission is charged. (funds are not returned from the commission balance)
1. Rank in the staking pool (WHEN INCREASING THE RANK IN THE STAKE POOL, THE TRADER NOT ONLY DECREASES THE COMMISSION, BUT ALSO INCREASES ITS PROFIT DUE TO DAILY ACCRUATION)
2. The percentage of profit that is indicated when setting up the bot. (The minimum percentage of profit can be set to 0.5%)
How to calculate the commission for limit orders in UGM?
To fully understand how the commission is calculated, let's assume the trader has a rank of 12 in the staking pool. And during bot configuration, the trader specified a profit percentage of 1%.
1% - 0.12 (12 rank / 100) = 0.88% * 0.1 (static coefficient) = 0.088% commission.
Let's assume a limit order is placed in the sell order book with a volume of 20 UGM at a price of 5.5 USDT.
When this order is executed,
20 UGM * 0.088% = 0.0176 UGM will be deducted from the commission balance.