| Transaction Amount (USD) | Network Fee (USD) | Percentage of Amount Fee |
|---|---|---|
| $24.99 and under | $8.33 | 5.0% |
| $25.00 to $74.00 | $11.06 | 4.80% |
| $75.00 to $200.00 | $16.00 | 4.33% |
| $200.01 to $1,000.00 | $27.00 | 3.80% |
| $1,000.01+ | $38.00 | 3.33% |
<aside> 💡 The above fee INCLUDES the Ethereum network fee (known as gas) for token transfer, that fluctuates with the market. See live network gas fee and rates here. Average network fee to transfer ERC-20 tokens is anywhere from ~$5.00 to $10.00.
</aside>
When a transaction is made from from one wallet to another (i.e. our system to yours), there are fees involved to send ERC-20 tokens to you. This is by design of the blockchain network, primarily due to the computation power required to process these transactions.
CREEBank.org does not control the variable prices of the fees and computation cost of the underlying blockchain networks.
CREE is a for-profit project that generates income from its apps, products, services and transaction fees. There are computation power and costs involve with our services. CREE uses its profits to maintain a high level of services, pay its team and contributors, and continue to develop innovative products and services.
Fees can vary across various CREE applications, products and services (i.e. CREE Wallet transactions, Book/Claim app, CREE Pool). Most internal transactions and transfers are free. For transactions on-chain, or between external wallets/accounts, CREE charges fees that are a percentage of the amount (from 1% to 5%) plus a fixed fee per transaction.
CREE periodically updates its fee schedules for creators, businesses and users.
Use internal applications and transfers when possible.
By sharing, engaging and supporting CREE, loyal users will also periodically receive Rewards, tax reliefs and fee offsets.
CREE periodically run events and giveaways. Stay tuned to CREE communication channels (i.e. Emails, Telegram, X/Twitter, Discord) for the latest events and offers.