Storage Node
Fees
Overview
Between Iagon and the Cardano blockchain, there are different types of fees to consider:
Cardano Transaction Fees
This is a computational fee paid in ADA, covering the costs associated with processing transactions on the Cardano blockchain. For detailed information, please refer to the Cardano fee structure provided in the Cardano documentation.
Storage Subscription Fees
Details about storage subscription fees can be found in the Subscription Tiers section.
Subscriber Fees Calendar
Fees collected from subscriptions each month are distributed at the beginning of next month.
To calculate fees and rewards, node tier calculations are used.
Subscriber Fee Allocations
By fees, we refer to the total ADA collected from storage subscriptions each month. If a user subscribes to an annual plan and pays up-front for the year, the calculation takes 1/12th of that total payment into account to distribute each month. Fees distribution is done every month.
90% of the total fees collected from storage subscribers are distributed to nodes and their delegators, propoprtionate to the storage they have staked for. These are claimable on the web dashboard at the start of each month.
7% of the remaining fees go to the Iagon treasury and 3% are used to buyback IAG tokens from the open market.
As a bonus, until paid out, the fees collected from subscriptions are currently delegated to IAGL1 stake pool to generate additional ADA staking rewards for the Liquidity Providers Program.