There are 3 different fees when trading on Galler:
Network Gas Fees: Fees that go to the network miners to verify and confirm your transaction. Gas fees are variable and depend on the network you’re using and network traffic at the moment of transaction. Gas fees are charged to the initiator of the transaction for Listing, Buying and Selling.
Galler Platform Fees: a 2% platform fee on each trade transaction, taken from the seller side.
Royalty Fees: Royalty fees are set by the original creator of the NFT and go back to them at every subsequent sale. They can range from 0 to 10%. Royalty fees are taken from the seller side and paid at transaction confirmation
A new collector buys a NFT for 100 BNB from the current owner. The original creator of that NFT put a 5% royalty.
- New collector pays 100 BNB + associated gas fees
- 2 BNB go to Galler (2% platform fee)
- 5 BNB go to the original creator (5% Royalty Fee)
- Seller gets 93 BNB (100 - 2 - 5 = 93 BNB)