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Fees payment documentation

FAQ & Guides4 posts1,133 views4 likesLast activity Apr 2023
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jeyjeyOP
Apr 2022 1

Hello I am searching documents about the fees mechanism around tokens based on this blockchain. In other words I have to understand how the fees payment is managed on this blockchain. If a token is used for payments it must pay fees in some way to Cosmos. Please could somebody send me to a proper wiki page? Thanks.

CR
crynom
May 2022 1

Cosmos Network - Internet of Blockchains ← this is a link to the white paper that I found as I was curious about this as well. You can ctrl+F for “Transaction Fees” and they lay out that the transaction fees are decided by the validators. These collected transaction fees are subject to a 2% reserve fee which is saved in a reserve pool.

JE
jeyjey
May 2022 1

Thanks to the reply, I will read. Thanks.

ME
merklemirakl
Apr 2023 1

The community tax aka “reserve fee” in the previous reply - has been increased from 2 to 10% with the Gov Prop 88.

The fees calculation and mechanism are explained in the new version of the documentation, search for “the distribution scheme” (can’t add link yet, sorry)

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