In order to reduce user transaction costs and better serve users, the MXC perpetual contract will implement a tiered fee rate starting at 00:00 (UTC+8) on October 15, 2020. The details are as follows:
1. Trading volume= opening + closing (all contract types).
2. The user level is updated every day at 0:00 according to the contract account wallet balance and 30-day trading volume. The update time may be slightly delayed.
3. When the contract fee rate is 0 or negative, the contract fee discount will not be used.
4. The account of the market maker does not participate in the discount.