XLM is now listed on the EQONEX Exchange.

XLM is now listed on the EQONEX Exchange.

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EQONEX Origin explainer: How does EQO reduce fees?

March 30, 2021
Holding EQO on EQONEX entitles clients to discounts on their trading fees. These discounts will be implemented through an uplift to the client’s fee tiers based on how many EQO are held by the client.

Clients who hold 10,000, 50,000, 100,000, and 500,000 EQO in their balances will be upgraded by 1, 2, 3, and 4 tiers, respectively. The maximum fee tier that retail clients may be upgraded to is Fee Tier 5.  

For example, if a client on Fee Tier 2 has a balance of 50,000 EQO, they will be upgraded by 2 fee tiers, meaning that they will be treated as if they are at Fee Tier 4. However, if the same user were to hold 500,000 EQO, they will be upgraded to the maximum Fee Tier of 5. More information about EQUOS fee tiers may be found here 

The table above shows the eligibility of fee tier upgrades based on the amount of EQO held by clients. 

To learn more about the potential of EQO, read the whitepaper here 

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