What % of network's transaction fee goes to treasury?

Question

Phala Network Official - Coprocessor for blockchains #DePIN

Sniper

What % of network's transaction fee goes to treasury?

#cryptocurrency #english #phala

0

11.12.2023

3 ответов

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Sniper Автор вопроса

Ca₱₱ex
The Treasury is funded from different sources: - ...

Great, Thanks Ser!

0

11.12.2023

Sniper Автор вопроса

Ca₱₱ex
The Treasury is funded from different sources: - ...

How about a proposal for burning that portion of the txn fee that's going to the treasury? Will help absorb the 15% inflation if Phala starts getting users and adoption.

0

11.12.2023

Ca₱₱ex · Accepted Answer

The Treasury is funded from different sources: - Slashing: When a Secure Worker or Gatekeepers is slashed for any reason, the slashed amount is sent to the Treasury with a reward going to the entity that reported the validator (another validator). The reward is taken from the slash amount and varies per offense and number of reporters. (slashing is not active) - Transaction fees: A portion of each block’s transaction fees goes to the Treasury, with the remainder going to the block author. - 70% of the PHA will be used for Secure Worker Mining, and following the progress of the Khala and Phala networks, 20% of the mining rewards generated by each block will be used to fund treasury.

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What % of network's transaction fee goes to treasury?

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