SuperBots Fees
Introduction
SuperBots offers a fee structure that is designed to be transparent and fair to its users. In addition to 0,08% transaction fees, the main aspect of the tokenomic is the performance fees system.
This main fee system is based on a performance fee of 15% on the profits generated by our automated trading algorithms and is based on the "high water mark" approach, which ensures that we only charge fees when a user's investment has surpassed its previous highest value. In this page, we will explain what the high water mark is and how it works.
High Water Mark - Performance Fees
As mentioned, SuperBots charges a performance fee of 15% on the profits generated by our automated trading algorithms. This fee is charged only when a user's investment has surpassed its previous highest value. If the investment value drops below the previous highest value, we do not charge any fees until the investment value exceeds the previous highest value again. This ensures that our interests are aligned with our users, and we only make money when they make money.
What is the High Water Mark?
The high water mark is a method used by SuperBots to calculate the fees charged to users based on their investment performance. The high water mark is the highest peak in the investment value of the user's account since the last time we charged fees. Once the investment value exceeds the high water mark, we charge fees on the profit generated. If the investment value drops below the high water mark, we do not charge any fees until the investment value exceeds the high water mark again.
Example:
Let's say a user's investment account had a high water mark of $10,000. The investment value then dropped to $8,000. If the investment value then grows to $12,000, we will charge a 15% performance fee on the $2,000 in profits generated above the previous high water mark of $10,000. However, if the investment value grows to only $9,000, no fees will be charged until the investment value surpasses the previous high water mark of $10,000.
In conclusion, the high water mark approach is a fair and transparent way for SuperBots to charge fees based on the performance of our automated trading algorithms. It ensures that our interests are aligned with our users, and we only make money when they make money.
How receives it ?
When the vault generates profit, a portion of that profit is converted into UBXN, divided and transferred to multiple players. The proportion depends on the % of performance fees of the vault, but as a general rule :
25% is sent to the algo developer, to reward him for the profits generated by his algo.
25% is sent to the staking pool, rewarding the stakers of UBXN
25% is burned
25% is sent to SuperBot
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