# DXBL Discount The use of tokens as a mechanism for accessing discounts on protocol fees is a vital aspect of the Dexible platform. The $DXBL token serves this purpose by providing a discount on fees for its holders. All minted $DXBL go straight to the trader's wallet. {% hint style="info" %} Discounts are only applied for $DXBL tokens that are held in the trader's wallet. That means if the trader decides to swap or stake their $DXBL on a secondary market, those $DXBL tokens will not count towards their discount trading through the protocol. {% endhint %} Each $DXBL token has a specific discount associated with it, with a rate of 0.05% (5 basis points) per token. This means that for every 1,000 $DXBL tokens a wallet holds, it will receive a reduction of 50% when trading through the protocol. To ensure that the Community Vault is always growing, we have set a minimum protocol fee of 4bps. This means to receive the full discount, a wallet must hold a minimum of 1,000 $DXBL tokens. If more that 1,000 $DXBL is held, no additional discount will be applied. Conversely, if a trader only holds a small number of $DXBL tokens, they will still receive a discount on protocol fees. This incentivizes users to hold $DXBL tokens, drive volume to the platform while also encouraging burning to capitalize on $DXBL NAV. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://dexible.gitbook.io/dexible/dxbl/dxbl-and-proof-of-trade-litepaper/dxbl-discount.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.