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Taxes & Fees
Within the GetKicks ecosystem, we have introduced different kinds of tax rates on activities like trading, minting, and sneaker rentals. These taxes/fees will fill up the Reward Pool and be used to develop the application further. An overview of all the various taxes/fees within the app can be found below:
In-app Activity
Tax/Fees
Marketplace Trading Fee
3%
Marketplace Royalty Fee
4%
Kicks Minting
5%
Sneaker Rental
7%
PvP Wagers
5%
Note: The Marketplace Royalty Fees are payable to the creators of the respective NFTs.
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