EDO will be the currency that users use to pay any fee within the Nexex exchange: trading fee, listing fee, other fees.
The Nexex trading fees will be the only type of fee that can be paid also in different currencies, although this means giving up the fee discount reserved for those that use Eidoo tokens.
20% of the collected trading fees will be burned.
After the first 3 months, Nexex will decide whether to keep the same burning level or whether to decrease it progressively.
Nexex will receive fees in Eidoo tokens (EDO), fiat currencies or other cryptocurrencies. EDO tokens will be burned straight-away, while revenues in other currencies will be used to buy EDO tokens at market price. Once the EDO tokens have been acquired they will be burned.