Dear Partners!
The CWD Global Platform Committee has decided to bring the fee in line with the CROWD rate. The update will take effect on Monday, May 15.
To see that the return of the fees to their original values is beneficial to all platform partners without exception, we need to remember how the transaction fees are distributed.
40% goes to GCWD holders in the form of dividends, 40% is allocated to network fees and 2% is burned (returned to the reserve pool). 18% is sent to the null-account (account without passwords). It means that part of the commission will come back to you as accruals to Gold Crowd, and part of it as network remuneration. This will burn off substantially more crauds, which will create a deficit, leading to an increase in the rate. Tokens sent to the null-account are not returned to the reserve pool.
As a reminder, decisions that could affect the CWD Global ecosystem are made through a networked, decentralised committee voted on by the shareholders - the owners of the CWD cryptocurrency. This mechanism underpins the DPoS algorithm.
New commissions:
Transaction - 500 cwd
Contracts:
⁃ Start - 200,000 cwd
⁃ Expert - 1,200,000 cwd
⁃ Citizen - 2,400,000 cwd
⁃ Infinity - 4,000,000 cwd
Creation of p2p ads: 16 000 cwd
Change of p2p ads: 500 cwd
Placement of stock exchange orders: 500 cwd
Change of mentor: 50 000 cwd
Reward to witnesses: 1 cwd/block
In the case of rate changes, the committee will make new decisions to bring the commissions in line with the calculated values.
A link to a detailed list of updated fees here.
