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 penalty levels

The penalty levels represent the increase in a price of the execution of a specific functionality (i.e. the sale of a carbon credit or the submission proposal of a project). The pallet supports up to 5 penalty levels which are set by default to the following specific values:

Current penalty level values:

Penalty level
Penalty value

0

100.00%

1

167.00%

2

230.00%

3

275.50%

4

320.00%

An authority account can chose to update the penalty values of the pallet by submitting them to the pallet via the update_penalty_levels(new_penalty_levels) functionality. It is worth mentioning that the authority account should bare in mind that he/she is submitting 5 penalty levels, where the new values are of a increasing order and the new values should be in the form of a 2 decimal placement percentage value.

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Last updated 10 months ago