Fees
Currently, Telos Zero transactions have no fees. Telos Zero fees are set by block producers and voted by token holders.
EVM transactions will have a fee model similar to the native Ethereum gas model. The Ethereum account needs to have TLOS token to pay for the transaction. Telos EVM fees are expected to be < 0.1% of Ethereum gas fees for identical transactions.
The table provides a summary of four mainstream blockchains with its respective pricing (fees) model.
| Blockchain | Fee model |
|---|---|
| Telos | Free on Zero & minimal on tEVM, settable by governance |
| Ethereum | Very high ($30 for a token transfer) |
| Binance Smart Chain | Dictated by Binance |
| Polygon | ? |
At the time of writing this document, the fee model for Polygon could not be established.