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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