Upon redemption, 5% of profits are being used to buy back and burn HORD tokens.
When a portfolio ETF is redeemed for its underlying value, a 0.5% fee is applied.
A 0.25% fee applies to trades of ETFs on the orderbook DEX if traders own HORD tokens. Otherwise, a 0.4% fee applies.
50% of DEX fees reduce HORD token supply. The other 50% replenish the development fund.
HORD stakers will earn the right to partake in governance of the network and protocol.
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