Just as a machine operates on fuel, Crypterium payment solutions are powered by CRPT tokens. Every time someone makes a payment, a fee equal to 0.5% of the value of the trade in CRPT is taken from the user’s account and burned. This means the number of CRPT tokens will be reducing over time.
CRPT tokens can also be used as a method of paying fees applied to other, non-digital asset-fiat, transactions in the Crypterium App – for a limited period of time or indefinitely, at the sole discretion of Crypterium. In this case, CRPT tokens can be used as a sole or additional mean of paying transaction fees. Unlike tokens used to pay for fees applied to digital asset-fiat payments, those CRPT tokens may not be burned.