Thoreum Hero NFT buyback fee will be 16%, effective from 00:00 | Thoreum Official Channel

Thoreum Hero NFT buyback fee will be 16%, effective from 00:00 UTC on April 5th

Dear Thoreons,

Starting from April 5th, the Thoreum Hero NFT buyback fee will be 16%, including 8% deposit fee and 8% withdrawal fee, effective from 00:00 UTC on April 5th.

The idea underlying the guaranteed buyback policy is to ensure investors can return their NFT at minimal cost within 1 month. But some users used it in an unexpected way: when LP price is increased more than 8%, they will claim all rewards and get the system buy back at 8% tax and sell their LP to gain more value. This has been harmful to existing holders in the miner. To address this issue, we will be increasing the buyback fee to 16%, which is equal to 1 deposit and 1 withdrawal from the miner. This adjustment will be more fair for existing users.

Increasing the tax will increase revenue for the system, with 50% going to bank stakers, benefiting both the system and stakers. Investors leaving the system will increase value for investors who stay. The longer the holders stay, the more benefits they will receive.

Thank you for your trust and support in Thoreum Ecosystem, your benefits are our interest.