DOCS · FEES
simple fees, capped in code.
BagDrop charges a 1% fee on drops and tips. Everything else is free.
What costs what
| ACTION | FEE | NOTE |
|---|---|---|
| Posting and following | Free | No transaction needed |
| Creating a drop | 1% of the pot | You also pay the network fee for creating it |
| Claiming a gift | Free | No BagDrop fee. BagDrop pays the network fee for eligible claims; otherwise it is about 1¢ |
| Closing a drop and refunding | Free | What is left goes back to the creator. Whoever closes it pays the network fee |
| Tipping | 1% of the tip | You pay the network fee for sending it |
Example
You fund a drop with $100 of TSLA. $1 goes to the platform fee and $99 is shared by the people who claim.
The fee is capped in the contract
The 1% maximum is written into the BagDrop contracts. The fee can be lowered, but no one, including us, can raise it above 1%.
You pay the fee you saw
A drop’s fee is taken when you create it, so a later change never touches a live drop. A tip fails rather than charge more than the fee shown when you confirmed it. The fee is always rounded down, so it never costs you a fraction more than 1%.