Cryptocurrency Q&A
What are Paxx fees?
What are Paxx fees?
Stefano
Fri Aug 30 2024
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6 answers
1209
Could you please elaborate on the Paxx fees? Are there any transaction fees associated with using Paxx, and if so, how are they calculated? Additionally, are there any other fees that users should be aware of when utilizing Paxx for their cryptocurrency transactions? Understanding the cost structure of Paxx is crucial for users to make informed decisions about whether it's the right platform for their needs.
6 answers
Giuseppe
Sun Sep 01 2024
The 1.10% fee is not a one-time charge but rather accrues daily, reflecting the ongoing efforts of the fund's managers to maintain and grow the fund's value. This daily accrual ensures that investors are charged fairly and transparently for the services provided.
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SakuraSpirit
Sun Sep 01 2024
The accrued fee is then reflected in the Underlying Fund's unit price, allowing investors to see the direct impact of the management fee on their investments. This transparency is crucial for building trust and fostering long-term relationships with investors.
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CryptoConqueror
Sun Sep 01 2024
The payment of the management fee to Platinum, the fund's manager, is made monthly from the Underlying Fund's assets. This regular payment schedule ensures that Platinum has the resources necessary to continue providing high-quality investment management services.
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EclipseSeeker
Sun Sep 01 2024
The Underlying Fund's investment management fee is structured to be 1.10% annually, calculated on the basis of its Net Asset Value (NAV). This fee structure ensures that the fund's assets are actively managed and optimized for maximum returns.
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DigitalLegend
Sun Sep 01 2024
It is important to note that no indirect costs are incurred directly by PAXX as a result of the management fee. This means that investors in the Underlying Fund do not have to worry about hidden fees or unexpected expenses that could erode their returns.
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