Transaction Fee Burning
Last updated
Last updated
Although the MetaChain network is among the most suitable networks regarding transaction fees, the sum of the transfer transaction fees arising from intra-network mobility will reach quite high amounts, based on the ecosystem value.
In every transaction performed on MetaChain, cost-effective transactions and burning are performed. While the fees paid for the transfers are distributed to the pools determined by the system, as a result of this transaction, the MetaCoins accumulated in the Burn Pool are triggered and burned on a daily basis.
BM=(F/10).(T+1)/(2.T2)
All of the transfer fees within the MetaChain network are distributed to certain pools.
The METAs accumulated in the Fee Pool are shared daily as follows.
Miner Pool: Represents the META allocated for each transfer result for high-yield mining models. Holder Pool: Represents META , which is reserved for investors to develop their earnings patterns. Charity Pool: Collects funds for charities from each transaction made on its blockchain network MetaChain, Charity Pool represents the META allocated for these charities. Advertiser Pool: Represents META allocated for promotion and advertising budget. Burn Pool: Represents the META to be burned after each transfer for sustained supply restric- tion. It is completely burned and removed from circulation.
Amount of MetaCoins to Burn
(BM)
Transfer Fee (META )
(F)
10 Million Burned MetaCoins
(T)
20 Million Burned MetaCoins
(T+1)