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Fee/Commission associated with using FIO Domain Marketplace

Listing Fee: 5 10 FIO

• Paid by the seller to put the domain up for sale

• Transactions covered by this fee

  • Transferring the domain to the escrow account

  • Transferring the domain back to the seller in the event of a cancellation

  • Transferring the domain to the buyer if the domain is bought

Marketplace Commission: 6% 5% of the price that the domain is bought for

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To do this, Alexander is notified that he will have to pay a listing fee of 5 10 FIO and if the domain sells on FIO Domain Marketplace, the Marketplace will take a 6% 5% commission (60 50 FIO) of the price that is paid for the domain.  Alexander pays the listing fee of 5 10 FIO and places @alex for sale on FIO Domain Marketplace. 

Alexa sees @alex for sale on FIO Domain Marketplace and wants to purchase that domain.  To do this she is notified that she will have to pay 1000 FIO to buy the domain and that 6% 5% of what she is paying will go towards the marketplace and the rest will go to Alexander (the seller of the domain).

Summary:

Alexander pays 5 10 FIO

Alexa pays 1000 FIO

Alexander receives 1000 – 60 50 = 940 950 FIO

Alexa receives ownership of @alex

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