Dear VCC Exchange community!
Since our launch, VCC Exchange has received great trust and companionship from investors and the community.
In return for your support, VCC Exchange will become a TRADING FREE exchange (0% transaction fee) to all trading pairs starting 00:00 (UTC time 21/08/2019).
Accordingly, whenever a buy/sell order is filled, a 0.25% transaction fee will be applied. However, all the fees will be refunded to your account at the end of each month. Instead of applying a 0% transaction fee directly in each order, we do this to avoid wash-trading. We prohibit wash-trading actions. Those accounts with such behavior will not get their fees refunded at the end of each month.
*Wash trading is the act of buying and selling at the same price — by either the same party or in coordination — which results in increased trading volumes but without any risk transfer taking place.
As for referral program, we are going to temporarily remove the 20% commission fee this period. However, please rest assured and please continue referring as we plan to have many super interesting programs for referrers in the future.
Once again, thank you very much!
Sincerely,
VCC Exchange.
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