# Utility 3 - Fee Reductions

The $FRGP token is strategically designed to support and reward long-term investment and active participation in the ecosystem through a progressive staking mechanism. This system not only fosters a stable token economy but also significantly lowers transaction fees, enhancing user engagement and investment returns.

**Fee Reduction Tiers**

Users can decrease their transaction fees by staking $FRGP tokens. Our tiered fee structure is designed to reward greater stakes with substantially lower fees, thus encouraging more significant investment and prolonged token holding:

* **Basic Tier**:
  * **Staking Requirement**: No FRGP tokens required.
  * **Transaction Fee**: 0.25%.
  * **Benefits**: Automatically qualified for all users, ideal for newcomers testing the platform.

* **Bronze Tier**:
  * **Staking Requirement**: 500 FRGP.
  * **Staking Duration**: Minimum of 7 days.
  * **Transaction Fee**: Reduced to 0.22%.
  * **Benefits**: Designed for users beginning to invest in the ecosystem, offering modest fee reductions.

* **Silver Tier**:
  * **Staking Requirement**: 1,000 FRGP.
  * **Staking Duration**: Minimum of 7 days.
  * **Transaction Fee**: Reduced to 0.18%.
  * **Benefits**: Targets committed users looking for enhanced benefits from their participation.

* **Gold Tier**:
  * **Staking Requirement**: 5,000 FRGP.
  * **Staking Duration**: Minimum of 7 days.
  * **Transaction Fee**: Reduced to 0.15%.
  * **Benefits**: Suitable for serious investors dedicated to the long-term stability and growth of the platform.

* **Platinum Tier**:
  * **Staking Requirement**: 10,000 FRGP.
  * **Staking Duration**: Minimum of 7 days.
  * **Transaction Fee**: Reduced to 0.10%.
  * **Benefits**: Rewards substantial investment with significant fee reductions, enhancing profitability.

* **Diamond Tier**:
  * **Staking Requirement**: 20,000 FRGP.
  * **Staking Duration**: Minimum of 7 days.
  * **Transaction Fee**: Reduced to 0.05%.
  * **Benefits**: The highest reward tier, offering the lowest transaction fees for elite stakeholders deeply invested in the ecosystem.

**Automatic Tier Upgrades**

To further incentivize sustained investment and reward the community's loyalty, we have implemented an automatic tier upgrade system:

* **Upgrade Condition**: Maintain the staking level required for your current tier for more than 21 consecutive days.
* **Upgrade Benefit**: Automatically graduate to the next tier, availing of lower transaction fees without the need to increase your stake.
* **Purpose**: This feature is designed to recognize and reward the ongoing commitment of our users, promoting a stable and engaged community.

This staking model is central to our strategy of building a robust and dynamic ecosystem where the benefits scale with user involvement and investment. By encouraging users to hold and stake $FRGP, we aim to reduce volatility and ensure a steady demand for the token, which supports overall ecosystem health and sustainability.