Seller Degen Level
Seller can level up their degen level by hosting more auctions with MonkeyBids. The higher the degen level, the lower the fee on the platform. Here is the breakdown of the transaction fee and auction fee for different degen levels.
Level
Auction Required
Bidding Required
Transaction fee on Settlement
Auction Fee on Bidding Revenue
1
n/a
n/a
10%
40%
2
3
300
9%
38%
3
6
600
8%
35%
4
25
2,500
7%
32%
5
150
15,000
6%
30%
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