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Page Spec

Item

Content

Page URL

/discover/fio-chain/fees

Page Title

FIO Protocol - FIO Chain - Fees

Design

https://www.figma.com/file/n33HwJfIuwy068A7G0Bdpg/FIO-Website?type=design&node-id=517-3976

Section Content

Current fees

...

Type

Transaction

Action

Amount in FIO Tokens

FIO Token

Transfer FIO Tokens

trnsfiopubky

10 FIO ($0.25)

Transfer locked FIO Tokens

trnsloctoks

10 FIO ($0.25)

FIO Handle

Register new FIO Handle

regaddress

10 FIO ($0.25)

Add bundled transactions

addbundles

10 FIO ($0.25)

Transfer FIO Handle ownership

xferaddress

10 FIO ($0.25)

FIO Domain

Register new FIO Domain

regdomain

10 FIO ($0.25)

Renew FIO Domain

renewdomain

10 FIO ($0.25)

Make FIO Domain public

setdomainpub

10 FIO ($0.25)

Transfer FIO Domain ownership

xferdomain

10 FIO ($0.25)

Wrapping

Wrap FIO Tokens

wraptokens

10 FIO ($0.25)

Wrap FIO Domain

wrapdomain

10 FIO ($0.25)

Governance

Register as a proxy

regproxy

10 FIO ($0.25)

Unregister as a proxy

unregproxy

10 FIO ($0.25)

Register as a Block Producer

regproducer

10 FIO ($0.25)

Unregister as a Block Producer

unregprod

10 FIO ($0.25)

Block Production

Set fee ratios

setfeevote

10 FIO ($0.25)

Set fee multiplier

setfeemult

10 FIO ($0.25)

Compute fees

computefees

10 FIO ($0.25)

Set bundled transaction count

bundlevote

10 FIO ($0.25)

Pay rewards to TPIDs

tpidclaim

10 FIO ($0.25)

Claim BP rewards

bpclaim

10 FIO ($0.25)

Burn expired FIO Handles and FIO Domains

burnexpired

10 FIO ($0.25)

Advanced

msig_propose

propose

10 FIO ($0.25)

msig_approve

approve

10 FIO ($0.25)

msig_unapprove

unapprove

10 FIO ($0.25)

msig_cancel

cancel

10 FIO ($0.25)

msig_exec

exec

10 FIO ($0.25)

msig_invalidate

invalidate

10 FIO ($0.25)

auth_delete

deleteauth

10 FIO ($0.25)

auth_link

linkauth

10 FIO ($0.25)

auth_unlink

unlinkauth

10 FIO ($0.25)

auth_update

updateauth

10 FIO ($0.25)

...

  • Every FIO Handle comes bundled with gas-free transactions.

  • The number is set by the Block Producers and is currently 100.

  • Most commonly used FIO Chain interactions can be gas-free and typically use up 1 or 2 bundled transactions. This means every FIO Handle owner has between 50 and 100 free FIO Chain interactions before they have to either pay for more bundled transaction or pay the gas fee.

Third Party Payment of Fees

  • Certain FIO Chain transactions relating to FIO Handles and Domains can be paid for by a third party.

  • Specifically, anyone can register a FIO Handle or Domain for someone else, add Bundled Transaction, or renew a FIO Domain even if they do not own it.

  • This allows for a much smoother user experience, where the user does not need to acquire FIO Tokens to be able to execute these transactions, but can, for example, pay someone with a credit card.

Fee Setting

FIO Chain fees are set by Block Producers (BPs) and are intended to reflect market forces and costs of running block producing infrastructure. To accommodate this:

...

Although most fees are distributed within the same day, the block producer share of FIO Handle and FIO Domain registration/renewal fees are paid out over 365 days to properly incentivize block producers which will be processing bundled transactions over the full validity period.

Dynamic Content

Fee amounts are dynamically set as follows

  • The above content should be static except for the fee amount column.

  • Initially set to N/A, before update runs to avoid showing incorrect fees in case fetch fails.

  • Run Get Fees (see below)

  • Match the fee based on end_point

  • Compute USD price

    • Run Get FIO Token price

Get Fees

Request

Endpoint

Code Block
POST https://fio.blockpane.com/v1/chain/get_table_rows

Body

Code Block
languagejson
{
    "json": true,
    "code": "fio.fee",
    "scope": "fio.

...

Graphics

...

fee",
    "table": "fiofees",
    "limit": "1000",
    "reverse": false
}

Response

rows array multiple of

Code Block
languagejson
{
	"fee_id": 0,
	"end_point": "register_fio_domain",
	"end_point_hash": "0xe7961b95f481a901b3bfa23b800c8fb3",
	"type": 0,
	"suf_amount": 1720000000000,
	"votes_pending": 1
}

end_point is the matching string

suf_amount / 1000000000 is the fee amount in FIO, show 2 decimal points

Get FIO Token price

Request

Endpoint

Code Block
https://api.coingecko.com/api/v3/simple/price?ids=fio-protocol&vs_currencies=USD

Response

Code Block
languagejson
{
    "fio-protocol": {
        "usd": 0.02060172
    }
}

Fee in USD is suf_amount / 1000000000 * usd