Document transaction fees

threefoldtecharchive / threefold_hub

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Document transaction fees #21

Closed robvanmieghem closed 2 years ago

robvanmieghem commented 2 years ago

[ ] How much
[ ] What happens to them? Are they burned/sent to the validator or a predefined address?

OmarElawady commented 2 years ago

Added information about it in https://github.com/threefoldtech/threefold_hub/pull/24. If the amount to be specified is the same, we can do uatom->usd->tft conversion.

robvanmieghem commented 2 years ago

please add an example how much a transfer costs in tft

OmarElawady commented 2 years ago

For a transfer on a cosmos test chain I deployed. The gas used for the transaction is 61886. The TFTs corresponding to .025uatom (the gas price in cosmos hub) is approximately 8e-6 TFTs. So the transfer fees would be 61886 * 8e-6 = .5 TFT.

The min-gas-price can be tuned per-validator to increase/decrease the paid fees.

OmarElawady commented 2 years ago

When the min-gas-price was set to 8e-6, the gravity orchestrator required 2 TFTs to do operations on threefold hub.

xmonader commented 2 years ago

@OmarElawady if we have that documented please close the issue