💰Fee structure

Objkt has a simple fee structure. We collect a 5% marketplace fee on all successful sales that happen through our smart contracts. The fee is paid by the seller. So if you list a token for sale, you can expect this fee + the token royalties to be deducted from the total listing value.

Example: A token has 20% royalties, split as 10% to Alice, 10% to Bob. It is sold for 100 XTZ. When the sale happens:

1. Royalties get paid: Alice receives 10 XTZ, Bob receives 10 XTZ (10% of 100 XTZ each, total royalties = 20%)

2. Fee gets paid: objkt gets 5 XTZ (5% of 100 XTZ)

3. The remainder goes to the seller: 100-10-10-5 = 75 XTZ 💸

Successful sale transactions that happen through third-party contracts such as Teia don't incur an additional objkt marketplace fee.