When withdrawing DEAPcoin from your wallet, the following two withdrawal fees are incurred:
- External Withdrawal Fee: The fee charged for transferring DEAPcoin from PlayMining to an external wallet.
- PlayMining Internal Transfer Fee: The fee for transferring funds from one PlayMining wallet to another within PlayMining.
These withdrawal fees are mainly collected to cover the gas fees required for transferring DEAPcoin on the blockchain, which DEA pays on behalf of customers, and to prevent malicious bots from aggregating funds.
External Withdrawal Fee
The external withdrawal fee is variable, reflecting the DEP price, ETH price, and gas fee market rates, and is calculated based on the following formula:
External Withdrawal Fee =(DEP/ETH rate) × (Average gas fee within a specified period) × (Coefficient)
- DEP/ETH rate: Uses the ETH and DEP prices on CoinGecko from the Sunday before the change date.
- Average gas fee within a specified period: The average gas fee for DEP transfers over the past two weeks from the Sunday before the change date. https://dune.com/queries/3261742/5460182
- Coefficient: The fee collected by the platform.
PlayMining Internal Transfer Fee
A fixed fee
Withdrawal Fee Changes
Changes to the withdrawal fees occur once every two weeks.
Furthermore, we will announce the scheduled change date and the withdrawal fees after the change in advance.