In order to keep up with the increasing cost of network fees on the Ethereum and Zilliqa blockchains and the immense volume of transactions, starting 12 April 2021 12:00pm SGT, deposits and withdrawals XSGD will be subjected to the following fee schedule:
For deposits of XSGD above 10 XSGD, 0.5 XSGD will be charged per transaction. For all withdrawals of XSGD, a network fee will be charged. This network fee is dependent on the congestion on the blockchain at the time of the transfer. The more traffic on the blockchain, the higher the cost of the network fee. All network fees will be settled in XSGD and are capped at 5 XSGD for both ERC-20 and ZRC-2 XSGD tokens for individual accounts and 1 XSGD for business/corporate accounts. Xfers will continue to cover any network fee in excess of 5 XSGD for personal accounts and 1 XSGD for business accounts.