Fee on Robin of the Forest
There are three types of fees associated with using Robin Of The Forest
Protocol Fees
Gas Fees
Marketplace Fee
Fees are additional amounts that a user pays on top of a base price of an asset. These can be imposed by various entities. The following table illustrates the fees on Robin Of The Forest.
Entity
Type of Fee
Amount
Example
Robin Of The Forest
Protocol
2% of every NFT trade
Alice lists an NFT for 1 ETH on a marketplace. When Bob purchases this NFT, he would need to pay 1.02 ETH where 1 ETH goes to Alice and 0.02 ETH goes to Robin Of The Forest.
3rd parties builds marketplace via Robin Of The Forest
Maker Marketplace Fee
"Decided by 3rd platforms"
Alice wishes to receive 0.99 ETH for her NFT assets and lists it on a marketplace that imposes a maker fee of 1%. Therefore, the price that the asset will be listed for on the marketplace is 1 ETH.
3rd parties builds marketplace via Robin Of The Forest
Taker Marketplace Fee
Decided by 3rd platforms
Alice wishes to receive 1 ETH for her NFT assets and lists it on a marketplace. Bob wishes to buy the asset from a different marketplace that imposes a taker fee of 1% and marketplace fee is 1.5% and will therefore be presented with a buying price of 1.025 ETH inclusive of the taker marketplace fee.
Collection royalty recipient, ie. owner of an NFT smart contract
Royalty
Decided by Creators
Alice mints a collection of assets on Robin Of The Forest and sets a 5% royalty for every asset in the collection to go to her.
Bob owns an asset from Alice's collection and sets the sale price of 1 ETH. The marketplace on which he lists the asset will display a selling price of 1 ETH.
When Ciaran comes along and buys this asset, he pays 1.05 ETH, 1 ETH of which goes to Bob, and 0.05 ETH goes to Alice.
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