Platform Fees

The world's first luxury asset 'split fee' model marketplace. OpenChrono operates a fair value 'split-fee' structure that supports both buyer and sellers.

Listing Process

It is important to note that the current owner/seller is required to set a desired 'asking price' when listing the watch on the marketplace.

This price is used to calculate the fee split which will be applied over the asking price. The buyer will thus pay more than the displayed 'asking price' but in return receive a set of contracts protecting them incase of any discrepancy in the asset once redeemed. This ensures our authentication experts are incentivised to provide accurate condition reporting. The seller will receive the asking price minus 'marketplace fees' and once the watch is sold is not accountable for any discrepancies with the asset.

MarketPlace Fee

Contract Fee

Authenticator Fee

Storage Fee

OpenChrono storage fees automatically ensure 12 months of storage in our secure vaults and are applied at checkout

Recurring Fee Structure

Fees are paid upon sale via a secondary marketplace that supports ERC-2981, ownership transfers from the seller to new buyer via a royalty structure. See technical documents regarding 'Royalties' for more information.

We are able to keep our fee structure low due to the recurring transaction policy, providing a disruptive and fair value model to our community and user base.

Conclusion

OpenChrono offers industry leading value to both its buyers and sellers. No longer do watch enthusiasts need to take 10%+ haircuts on final sales price or participate in high risk environments with no transaction framework or protection measures. OpenChrono finally gives end users a toolset to transact in a safe and transparent way. An example of a typical OpenChrono transaction is listed below.

OpenChrono ' Split Fee' Model Visual Example

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