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Standards
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Infrastructure fee
$NCO / $USD price adjustment curve
Since all the prices for infrastructure fees are expressed in $NCO which is a relatively volatile asset, we will apply a price stabiliser that takes into account the exchange rate $NCO / $USD and mitigate the price increase, while still taking it into account.
Price adjustment curve formula (purple line)
1
PRICE = G*ln(x/n)*n+G*n
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G = Gate Price in NCO Tokens at setup
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n = NCO Price at Gate setup
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x = Current NCO PricePRICE IN TOKEN = G*ln(x/n)*n/x+G*n/x
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Account creation
In order to create an account, the account issuer will have to pay in $NCO for the RAM that will be made available to store the data related to the account. The amount will depend on the supply and demand for RAM and calculated via the Bancor algorithm. The price per account created should average around 5$ and the cost can be supported by the App developer, the account issuer or the account holder.
Collectives creation
Accounts can decide to create a "collective" account where all the income will be split according to a pre-determined percentage, which can be very convenient for collaborative projects involving multiple creators. For example a fashion shooting involving a model, a designer, a stylist, and a photographer.
NFT Minting
The minting of NFTs will depend on the amount of RAM required based on the amount of metadata stored on-chain for each NFT and will range between $0.01 and up to $5 for the RAM intensive assets.
Transaction fee
Each account will receive a quote of 8 free transaction per day which means absolutely no "gas fees" for transactions. Beyond that free, per account, quota, packages will be provided upon staking.
Last modified 7d ago