LOWER THE STORAGE FEE
People will leave sooner or later, because the current % is way to high and will eat through your stack like crazy. And add a feature to lock your gold and receive a lower fee that way. Me myself and many others are thinking about switching since there are other with half the fee.
Vaultoro’s storage fee goes entirely to Pro Aurum, where the gold is held. They also pay for the third party auditing we all enjoy. If you are comfortable giving up these safeguards for a cheaper service, then you can do that. The rest of the platform appreciates what Vaultoro is doing. That’s why we all joined.
Irvan Kurniawan commented
The 0.4% fee p.a. is the lowest storage fees at Pro Aurum. I think Vaultoro only get profit from the market (buy/sell) fees (0.5% - 0.2%).
The fee is not bad. .4% is below or at least par with what many old industry leaders charge. Most in the industry also have a minimum charge so you will pay more even if you are not storing that much.
Yes there are some cheaper options but sometimes you get what you pay for.