Understand the payouts and benefits of Fee Credits
Fee rebate after platform activities
By using the platform’s services, the compensation balance is constantly reduced thanks to the platform fee rebates. For all platform fees paid, compensated customers are entitled to a refund of 60% for most services.
Quarterly Payout from Reserse Fund
The Vigiler platform also compensate from the reserve fund. The rate and frequency of this compensation will be half of the reserve fund accumulated up to that date each quarter. This is expected to be a small amount in the first year, but may be more significant after the first year depending on market conditions and platform usage.
Quarterly Compensation Yield
On the unused fee credit, the platform pays a return on a quarterly basis, which is allocated from 10% of the platform fees from which any Vigiler client has received a platform fee refund. Compensation Yield payments are in addition to the fee credit and do not reduce the amount of the compensation balance. The quarterly accrued compensation yield will be paid in proportion to the percentage of the total compensation balance recorded by the platform that the customer is receiving at the time of payment.
The Vigiler platform reserves the right to terminate the compensatory yield or the compensation release from reserve fund services in case a significant part of the fee credit set generated during the migration event has already been used. The Vigiler platform also reserves the right to periodically review the rate of the platform fee rebate and, if it deems it appropriate, to adjust the rate. The compensation yield and the compensation release from reserve fund services is only available those customers who migrate their account and finished the migration before 31th December 2024.
How to get Fee Credits?
You can buy Fee Credit anytime on Compensation Balance Auction, where you can bid on the running offers.
In Vigiler Wallet, it is possible to maintain a Fee Credit (a.k.a. compensation balance). This balance is only available to customers who have migrated their balance when the platform founded (in Feb. 2023) or have purchased or received a fee credit from another customer. The fee credit gives the customer the right to a refund of 60% of the fees payable for platform operations and to periodic payments from the platform reserve fund (this is a limited offer!). Platform fee refunds and periodic payments from the platform reserve fund shall reduce the fee credit.
How to get Gold Badges?
You can buy Gold Badges anytime on Badge Auction, where you can bid on the running offers.
A Badge activated on a customer’s account gives the same benefits as if the customer had a compensation balance (may vary over time!). So you can benefit from both “Premium account” mode and platform fee rebates. It is important to note that each activated Badge provides the above benefits for 30 days, after which they will expire immediately.