How the Commission Fees Work in Axes Metaverse
We would like to explain to you the mechanism of commissions fees in our ecosystem.
fIn addition to the standard blockchain fee, we charge an additional 5% fee on our contracts to cover an additional validation fee. This factor does not greatly affect the increase in the cost of transactions, but maintains the stable operation of the market.
1. How it works on the example of opening a chest:
Opening the chest consists of several transactions: minting 4 heroes, burning the chest and setting the parameters of the heroes — those are about 6 transactions in total. Accordingly, when a user opens a chest, he pays a commission fee in the blockchain for the transaction, and we pay the fee for minting heroes.
2. How the cost of the commission is formed
The commission fee depends on how much computing power is needed for the operation. The minimum amount of the gas is 5 GWEI.
The fee is calculated as follows: 5 GWEI * the amount of gas required per transaction.
At the moment, we have set the price of gas at 6 GWEI, which is almost the minimum. If we decrease this value, transactions will be stuck at some point. We pay for transactions at the rate of 6 GWEI, but we take the fee at the rate of 8 GWEI.
3. Why so?
Because at some point the network can be loaded and all transactions may be stuck.
Therefore, we will need to raise the fee by +1 GWEI.
In this way:
The difference between 6 and 8 GWEI is negligible. Although now the commission fee is slightly higher, we do not put this difference in our pocket but make a reserve for unforeseen expenses related to increasing fees and preventing transactions from getting stuck in order to provide a full and smooth experience for players.