Veles - Carbon Credits Pallet
  • Get Started
    • What is the Veles pallet
    • What are carbon credits
    • How to use the Veles pallet
  • Pallet entities and functionalities
    • Entities
      • Authority Accounts
      • Carbon Footprint Accounts
      • Trader Accounts
      • Project Owner Accounts
      • Validator Accounts
      • Projects
      • Carbon Credit Batches
    • Functionalities
      • Authority exclusive functionalities
        • Update vote pass ratio
        • Update penalty levels
        • Update beneficiary splits
        • Update time value
        • Update fee value
      • Validator exclusive functionalities
        • Cast vote
        • Open complaint
      • Project owner exclusive functionalities
        • Propose project
        • Propose carbon credit batch
        • Repay debts
      • Carbon footprint account exclusive functionalities
      • General functionalities
        • Register for trader account
        • Register for project validator account
        • Register for project owner account
        • Submit carbon footprint report
        • Create sale order
        • Close sale order
        • Complete sale order
    • Timed events
    • Penalty rules
  • Contact
    • Contact
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  1. Pallet entities and functionalities
  2. Functionalities
  3. Authority exclusive functionalities

Update fee value

The pallet can, apparat from generating a profit through penalty gains, also generate profits from fees which are collect for the utilization of certain pallet functionalities. The fee values which exist on the pallet as well as their default values are as follows:

Current fee values:

Name
Description
Value (MUINT)

trader account fee

The fee which a user needs to pay in order to become a trader on the pallet

100

validator account fee

The fee which a user needs to pay in order to become a validator on the pallet

100

project owner account fee

The fee which a user needs to pay in order to become a project owner on the pallet

100

carbon footprint report fee

The fee which a user needs to pay in order to submit a carbon footprint report for evaluation

300

project proposal fee

The fee which a project owner needs to pay in order to submit a project proposal for evaluation

100

carbon credit batch fee

The fee which a project owner needs to pay in order to submit a carbon credit batch proposal for evaluation

50

voting fee

The fee which a validator needs to pay in order to cast a vote

100

complaint fee

The fee which a validator needs to pay in order to create a complaint

100

If an authority account wishes to update a specific fee value, he/she can do this using the update_fee_value(fee_type, new_fee_value)functionality. Using the mentioned call, the user has to specify the exact fee value that he/she wishes to update as well as the new value.

In is worth mentioning that the user can't update a fee value to the same value as it was before.

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Last updated 10 months ago