Gas Fee

Elastic Fee

Transaction fees are affected by the network activities of the blockchain and market decisions. Excessive fees hinder usability, and low fees cause security issues. However, fixing fees create a problem that cannot be prioritized in network load situations. To address this problem, FNCY blockchain introduces Elastic Fee to flexibly apply transaction fees to the external environment.

Elastic Fee works to lower the barrier to initial entry into FNCY blockchain by applying differential and flexible fees, and to enable flexible responses to various situations that may arise.

Differential Fee: Transactions on FNCY blockchain are divided into special transactions and user transactions. Special transaction is an essential transaction for using the services of FNCY chain, and the system does not charge a fee to the user; the system pays the fee instead. User transactions refer to all transactions minus special transactions, and different fees are charged for each user through membership that will be provided later. The execution of these differential fees is done transparently and safely through smart contracts.

Elastic Fee: FNCY blockchain will establish a standard fee policy under FNCY governance, thereby applying fees flexibly. The Elastic Fee policy will play a role in aligning fees that may be too high or too low to the appropriate level, thereby ensuring usability and addressing security issues.

Gas Fee Reward

All validators included in the validator set will be rewarded with gas fees from FNCY blockchain. The gas fee will be sent to the registered validator wallet address.