Transaction Fee Burning

Although the Web3Chain network is among the most suitable networks regarding transaction fees, the sum of the transfer transaction fees arising from intra-network mobility will reach quite high amounts, based on the ecosystem value.

In every transaction performed on Web3Chain, cost-effective transactions and burning are performed. While the fees paid for the transfers are distributed to the pools determined by the system, as a result of this transaction, the Web3 Coins accumulated in the Burn Pool are triggered and burned on a daily basis.

$$BM = (F/10).(T+1)/(2.T^2)$$

Amount of Web3 Coins to Burn	(BM)
Transfer Fee (W3B)	(F)
10 Million Burned Web3 Coins	(T)
20 Million Burned Web3 Coins	(T+1)

All of the transfer fees within the Web3Chain network are distributed to certain pools.

The W3B's accumulated in the Fee Pool are shared daily as follows.

Miner Pool: Represents the W3B allocated for each transfer result for high-yield mining models.

Holder Pool: Represents W3B, which is reserved for investors to develop their earnings patterns.

Charity Pool: Collects funds for charities from each transaction made on its blockchain network Web3Chain, Charity Pool represents the W3B allocated for these charities.

Advertiser Pool: Represents W3B allocated for promotion and advertising budget.

Burn Pool: Represents the W3B to be burned after each transfer for sustained supply restric- tion. It is completely burned and removed from circulation.