Fees
Overview
When using Iagon, you'll encounter different types of fees:
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.
Staking Transaction Fees
A commission fee is applied to each transaction on the staking platform. This fee is divided between Adagio (the rewards management system) and IAG stakers. More information can be found in the Tokenomics section.
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 performance metrics 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 node providers. These are claimable on the web dashboard at the start of each month.
The remaining 7% of the fees goes to treasury and 3% will be used to buyback IAG tokens from the open market.
As a bonus, the fees collected from subscriptions are currently delegated to IAGL1 stake pool as part of the Liquidity Providers Program's second phase. The staking rewards earned by the subscription fees smart contract's stake address, paid in partnered tokens and IAG, are to be distributed as 50% to Iagon and 50% to node providers, weighted by their performance scores. For now, this distribution is planned to be annual.