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% |
Last updated