Hololoot Fee Update 🔥

A little bit of context…

While this decision may seem like it came unexpectedly, Hololoot has always maintained transaction fees as a core part of our revenue and token redistribution models. This is also not the first time we’ve had a fee like this.

Why a fee now?

The high staking APR has a catch — we need tokens to keep it going! In our whitepaper, we stated that staking rewards would initially be covered by tokens released at the TGE, but that they would ultimately be provided for by transaction fees.

Will the fee changes impact the MEXC listing?

In short — no. The fees won’t apply to transactions on our MEXC pair, however daily volume on the exchange is negligible.

What do I need to do now?

If you’re planning to swap on the $HOL pair, make sure you adjust your slippage. Because the pair has a good amount of liquidity, 3.5% is more than enough.



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