Fees
When a transaction is made on the SWT platform, a fee is payable.
The types of fees that are payable include:
Type
Description
Max Fee
The maximum fee a user is willing to pay for the transaction
Counted Fee
A fee which is based on the transaction type and other special conditions
Execute Fee
A fee charged for smart contract execution
Transfer Fee Calculation
The fee to transfer native SWT currency from one wallet address to another is based on fees table.
Smart Contract Fee Calculation
When smart contracts are executed and distributed over the SWT blockchain, a fee is payable based on the size of the recorded data.
There are two types of smart contract transactions:
An "initiator action" transaction; "deploy" transaction, "__execute" transaction, and "payable" transaction_;_
A "new state" transaction where a change has been made to the "state" of a smart contract_._
Any action performed on a smart contract changes its "state", except the "get" methods, which only reads information and does not write anything to the blockchain. In all other cases, it is necessary to create a transaction request to execute a smart contract method.
When creating a transaction request, funds are reserved for this method of execution. Transferred funds are also reserved when creating a "payable" transaction and "emitted" transaction.
Also, in order to compile and execute a smart contract, a certain amount of computing power is also required for which the “execute fee” must also be paid. The following fees are calculated based on the execution time followed by the currency rate:
Fees Table
0-1.5 KB
0.008746170242 SWT
0.0087451 SWT
1.5-20 KB
0.03546746927 SWT
0.0127451 SWT
20-50 KB
1.052767832 SWT
0.0158277242 SWT
50-100 KB
14.30859834 SWT
0.03498468097 SWT
100-256 KB
38.89480285 SWT
0.1589541694 SWT
256-512 KB
105.7270358 SWT
1.936458209 SWT
512-768 KB
287.3958802 SWT
10.51884417 SWT
768-1024 KB
781.2229988 SWT
103.8255221 SWT
1-5 MB
2123.584282 SWT
259.834061 SWT
5-15 MB
5772.500564 SWT
651.3469549 SWT
15-50 MB
15691.28339 SWT
2309.930666 SWT
50-100 MB
42653.3305 SWT
5165.460461 SWT
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