Yes, there will be fees for using Lore, but they haven’t been implemented yet.
This is what we are thinking.
Event | Lore Fee | Manager Fee | Charged On/Taken From | Aggregate Fee | If Referred |
1. Funding Round Fee on Funds | 1% | 1% of total capital raised | Total Funds Raised - taken from funds in wallet | 2% | Refer earns 50% of Lore Fee. Based on current Manager(s) For example - Manager A is referred - Manager B is not referred - Manager C is referred 50% of the Lore Fee is split amount Refers of the 3 Managers. Since Manager B has no Refer, that goes to Lore — so a net of 33% of Lore’s 1% Fee is given Manager A referee and Manager C referee |
2. Distribution Fee on Funds | 2% | 0% | Total Distribution amount through Mass Distribution gross of Manager Carry | 2% | Refer earns up to 50% of Lore Fee Based on current Manager(s) See above example |
3. Carry (Performance) Fee at Distribution or Exit on Funds | 0% | 15% | Profits Distributed through Mass Distribution - taken from total distribution | 15% | NA |
4. Swap Fee for Funds | 0.50% | 0.50% | Tokens Received in Swap | 1% | Refer earns up to 50% of Lore Fee Based on current Manager(s) See above example |
5. Swap Fee for Users | 1% | 0% | Tokens Received in Swap | 1% | Refer earns 50% of Lore Fee Based on who referred User |
6. Redemption Fee/Penalty on Member Exit on User | 2% | 0% | User Total redeemed amount gross of Manager Carry | 2% | Refer earns 50% of Lore Fee Based on who referred User |