Referral system and revenue share features will start with launch of MEF Token V2
Transactions through the bot incur a fee of 1% by default.
If you have at least 1500 MEF and your wallet is linked to the bot you will get a 20% fee discount.
If your first interaction with the bot was through a referral link, you will have a further fee discount of 5%, and if you hold 1 FrenBot key, that will sum up to 10%.
How are fees deducted?
Whenever you trade through FrenBot, your trading wallets interact with the FrenBot router contract. If you buy a token, the router contract will deduct the fee from your ETH input amount. If you sell a key or a token, the fee is deducted from your ETH output amount.
Is FrenBot secure?
Private keys are encrypted using industry standard encryption. No one has access to it. Not on our server, database, or stored on website, etc.
Unlike CEX, users have access to their private keys of FrenBot generated trading wallets. You can import your keys to Metamask and have full control over your funds in FrenBot at any time
Always treat your wallet as a hot wallet.
We'll be upgrading features to bring more comfort over your wallet security in the future. E.g. auto-transfer ETH out when your balance exceeds a custom threshold amount.