Group Fees

Group fees are a feature that allows any group owner within TipMore to apply a fee on all transactions involving a specific token within their group. This enables group owners to raise funds for their group’s activities or initiatives in a seamless manner.

How Group Fees Work:

• Limited to Specific Groups: Unlike founder fees, group fees are only applied to transactions made within a specific group. This provides flexibility for group owners to manage their group’s expenses, such as events, promotions, or group-specific initiatives.
• Maximum Fee: The fee rate for group fees is capped at 5%, ensuring it remains fair and doesn’t impose excessive costs on transactions within the group.

Key Points:

• What It Is: A fee applied only within a specific group for a given token.
• Purpose: To support group activities, initiatives, and projects.
• Fee Cap: The maximum fee rate for group fees is 5%.
• Approval: Group fees must be approved by the TipMore team before they can be activated.