Fees

When a transaction is made on the Credits (CS) platform, a fee is payable.

The types of fees that are payable include:

Transfer Fee Calculation

The fee to transfer native CS currency from one wallet address to another is based on fees table.

Smart Contract Fee Calculation

When smart contracts are executed and distributed over the Credits (CS) blockchain, a fee is payable based on the size of the recorded data.

There are two types of smart contract transactions:

• An "initiator action" transaction; "deploy" transaction, "execute" transaction, and "payable" transaction;

• A "new state" transaction where a change has been made to the "state" of a smart contract_._

Any action performed on a smart contract changes its "state", except the "get" methods, which only reads information and does not write anything to the blockchain. In all other cases, it is necessary to create a transaction request to execute a smart contract method.

When creating a transaction request, funds are reserved for this method of execution. Transferred funds are also reserved when creating a "payable" transaction and "emitted" transaction.

Also, in order to compile and execute a smart contract, a certain amount of computing power is also required for which the “execute fee” must also be paid. The following fees are calculated based on the execution time followed by the currency rate:

Fees Table