SmartLeCo | Smart Leaders Community
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  • 🔵SmartLeCo
  • ⚪Whitepaper
    • Summary
    • Glossary
    • 1. Introduction
      • 1.1 Challenge
      • 1.2 Solution and USP
    • 2. Product suite
      • 2.1 Transaction Use Cases
      • 2.2 Instant trade
      • 2.3 First products
    • 3. Empowering an ecosystem
      • 3.1 The inclusion paradigm
      • 3.2 Functional elements
      • 3.3 Ecosystem participants
      • 3.4 Privacy
    • 4. Polygon Blockchain
    • 5. SmartLeCo token (SLCT)
      • 5.1 SLCT definition
      • 5.2 Benefits for business / projects
      • 5.3 Benefits for consumers and clients
      • 5.4 Token structure
      • 5.5 Transaction Fees
    • 6. SmartLeCo token economics
      • 6.1 Token allocation and distribution
    • 7. Legality and Compliance
      • 7.1 Regulatory implications
      • 7.2 Measures to mitigate illicit activity
      • 7.3 Risk
    • 8. Disclaimer
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  1. ⚪Whitepaper
  2. 5. SmartLeCo token (SLCT)

5.5 Transaction Fees

For making transactions with SLCT, transaction fees are charged.

The transaction fees are paid by the initiator of the transaction.

Smart contracts on the Polygon Blockchain take care of all transaction fees without the need for the cumbersome calculation of Gas fees.

Transaction fees may be subject to changes to keep in line with the scale and demand of the Polygon Blockchain.

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Last updated 2 years ago