Yes, we charge a platform fee from both project developers and investors, and it is held in the “EnverX Escrow Wallet”. This dedicated financial account acts as a secure intermediary, ensuring the collected fees are held in a controlled and transparent manner.
Let's break down the details:
- Investor Fees: 5%
When an investor participates in a project on the EnverX platform, a 5% platform fee is charged. It's important to note that if the project goal amount is not reached, this fee will be returned to the investor along with the initial investment amount. We believe in fairness and don't want our investors to incur unnecessary costs if a project doesn't meet its funding target.
- Project Developer Fees: 5%
Project developers also have a fee of 5%. This fee is applied once the project's minimum goal amount is successfully reached. At this point, the 5% platform fee is automatically deducted. We believe in a 'pay for success' model, ensuring that fees are only applied when a project is on its way to becoming a reality.
We want our users to have a clear understanding of our fee structure, and we are committed to providing a secure and transparent platform for all involved parties.
Should you have any more questions or require further clarification on EnverX fees or any other matter, please do not hesitate to contact our support team. We are here to support you at every step of your journey on the EnverX platform.