Exchange Fee Discount Mechanism

This system is designed to enhance your trading experience by reducing costs and simplifying processes. By allowing users to pay exchange fees with ASX tokens at a discounted rate the ASX token acts as a universal currency for transaction fees, eliminating the need for users to manage multiple tokens for gas fees.

Why ASX?

Cost Efficiency: ASX token holders enjoy reduced fees, with Partner staking tier users paying as low as 0.1% instead of the standard 1%.

Simplicity: The system is straightforward, allowing for the transaction fee to be 'sponsored' or covered by ASX tokens, enhancing the appeal of using the Assetux platform for EVM DEX. Even crypto newcomers to trade effortlessly with ASX tokens covering fees.

Compatibility: Smart Account can be linked with EVM compatible DEXs, enabling direct trading without the need to manually transfer funds or deal with multiple interfaces. For further details on how Smart Accounts work, please refer to the Assetux Smart Account Overview

Versatility: Assetux's Smart Account integrates with Li.Fi, Chainge Finance, and Swing.xyz, aggregating cross-chain exchange capabilities across multiple blockchain networks and liquidity providers to ensure a wide range of cryptocurrencies is available for exchange. Please refer to Supported Exchanges for a full list.

Security: By integrating with Particle Network's Auth Core, the security of these transactions is maintained at a high standard, using Multi-Party Computation (MPC) to handle sensitive operations without traditional private keys.

Example

Typically, when you exchange one cryptocurrency for another, say converting 1 ETH to USDT, you might encounter a service fee. For example, if 1 ETH equals 2500 USDT, a standard 1% exchange fee would mean you receive only 2475 USDT, with 25 USDT taken as the fee.

Utilizing ASX to cover exchange fees you would only pay 2.5 USDT worth of ASX tokens at Partner Staking Tier, which equates to 2500 ASX at the 0.1% rate. This represents a significant saving, making trading more accessible and profitable.