Announcement on Adjustment of Contract Fee Rates

Dear KINE user,

In order to provide better services to users, KINE will make the following adjustments to contract transaction fees on August 26, 2024 at 02:00 (UTC+0):

Here are the details of the contract fee rates:

Type	Rate	Notes
Market Order（taker）	0.06%	/
Conditional Order(maker)	0.04%	Includes limit orders, take-profit orders, and stop-loss orders

Fee Calculation Formula:

Quantity × Price × Fee Rate = Contract Fee(Fee applies to both opening and closing positions)

Example:

Current ETH market price: 2633 UUser A opens a long position of 1 ETH at the current market price.

Opening Fee: 2633 U × 1 × 0.06% = 1.5798 U

User A sets a stop-loss price at 2613 U. When the market price hits 2613 U, the stop-loss order triggers and closes the position.

Closing Fee: 2633 U × 1 × 0.04% = 1.0532 U

KINE does not endorse or guarantee any virtual assets, products, or activities on the platform. Due to significant price fluctuations, investing carries risk. Please exercise caution when entering the market.

We remain committed to prioritizing user needs and providing a professional, secure, and reliable digital asset trading environment.

KINE Protocol Team

August 23, 2024