How does the Membership Fee work?

The Membership Fee is a monthly fee applied to all accounts at Dacxi. 

How is the Membership Fee calculated?

For the first $100.000, is a monthly fee of $1/£1/€1, plus 0.95% per annum of your crypto balance, charged monthly.

How is the market value of a Portfolio calculated?

The total market value of a portfolio is based on the average portfolio value over a 30-day period. It includes any crypto balances held at Dacxi, but excludes fiat balances (AUD/EUR/GBP).

When and how is the Membership Fee deducted?

The deduction of the Membership Fee is on the 1st day after the end of each 30-day period. The 30-day period starts on the date of the month that the account was first verified. 

Example: 

If an account was verified on the 15th of June, the portfolio value would be calculated between the 15th of June to the 14th of July.  The deduction would occur on the 15th of July, the first day after the end of the 30-day period.

The fee will be automatically deducted from the wallet on the respective date and recorded in your transaction history. The Membership Fee applies to all crypto balances including Dacxi Coin both in your wallet and Earn, but it will not be deducted from any Dacxi Coin deposited in the Earn rewards program.

In what currency is the Membership Fee deducted?

The Membership Fee will be deducted in Dacxi coin. If your Dacxi Coin balance at the time is insufficient, the balance of the fee will be deducted in Bitcoin, then Ethereum, and then other cryptocurrencies held in your account. Should there be insufficient cryptocurrency balances to deduct from, the fee will be deducted in fiat currency (AUD/EUR/GBP).

When is the Membership fee starting?

The Membership Fee applies from the 1st of May 2022 onwards, with the first deduction to occur at the beginning of June 2022 for the month of May.

IMPORTANT

The membership fee doesn’t apply to non-crypto (fiat) balances.

The fee will not be deducted from any Dacxi Coin deposited in the Earn rewards program.