Fee on Transfer ERC20 Tokens: What You Need to Know

What Are Fee on Transfer Tokens (FOT)?

FOT tokens are gaining popularity in the current crypto cycle. These tokens take a fee when you swap in, out, or both. The fee is enforced at the smart contract level.

Impact on Swapping

Fees can force you to increase the amount of slippage on your swap to ensure your transaction goes through. Increased slippage can expose your swap to risks like frontrunning and Miner Extractable Value (MEV).

Always Do Your Own Research (DYOR)

It's crucial to conduct your own research before engaging in any swaps involving FOT tokens. More information on this topic is coming soon.