Sales charges – The fund manager will take a one-time 15 Ξ fee from the (+/-) 441 Ξ total for personal fees / website development / exam legal fees. This charge provide compensation for the fund sponsor who creates and provides services throughout the life of the trust.
NiftyKit Fees - Niftykit takes a 5 percent fee for all 1000 Brokers minted through their platform.
(+/-) 22.05 Ξ goes in total to Niftykit for their continuous support for all smart contract development.
Niftykit is pushing the barrier for low gas-contracts and allows holders to mint with far lower gas fees compared to market average.
Airdrop Mint - Our development team has minted the first 10 tokens out of the remaining 990 for staff of the fund. This was decided as we do not want to artificially inflate the floor price by buying some for ourselves.
Creation, development and organization fees – The trust sponsor receives these fees from the trust for creating and developing the trust and organizing and offering the portfolio.
This fee is generally charged at the end of the initial offering period and is paid directly from trust assets.
Estimated annual trust-operating expenses – These charges typically pay for portfolio supervision, bookkeeping, administration, evaluation and various other operating expenses. They are paid from the trust assets. These fees are outlined in the fee table of the trust’s prospectus.
Updated expense information is provided in a fund’s semiannual and annual reports to shareholders.