Transaction Fees

Transaction Fees

Transaction fees act as a reward for the miner. Because these are the only rewards, this prevents inflation of the network since no new tokens are introduced. There are currently 5 types of transactions, each with a fixed fee. You can check the transaction examples here.

Transcation

Fee (LTO)

Transfer

1

Lease

1

Cancel Lease

1

Mass Transfer

1 + 0.1 * N

Data

1

Anchor

0.25

NOTE: Currently the fees are static. In the future they might become configurable by node owners. This way the transaction price becomes independent from the token value.