Created
July 31, 2018 20:50
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Operation | Fee Structure / Detailed Costs | Additional Information | |
---|---|---|---|
Creation of a new Issuer account | No POLY or Mining (aka Gas cost) Cost Creation of a new Issuer account does not carry a POLY expense. | A wallet signature is required for this operation. Wallet signatures do not carry any cost (POLY or gas) | |
Registration of a Ticker Symbol | Registration of a ticker symbol has a fee of: 250 POLY + Mining fee. | Ticker symbol reservations are valid for 60 days. Upon expiration of the reservation, the ticker symbol is available for others to take. | |
Engagement of Service Provider(s) | The terms of your engagement with the Service Provider(s) you apply-to through the Polymath platform will be agreed upon between yourself and the Service Provider(s). Polymath does not play any part in this negotiation. | ||
Creation of a Security Token | Creation of a Security Token has a fee of: 250 POLY+ Mining fee. | Once the Security Token is created, the ticker symbol is permanently yours. | |
Use of additional Security Token Capabilities such as: Limit number of investors who can hold you security token Percentage ownership restrictions | No POLY Cost. The security token capabilities listed do not carry a dedicated POLY expense. Mining fee required to enable, disable or change settings. | Mining fees will apply to each configuration change as the new configuration needs to be written to the blockchain. | |
Minting of Tokens to existing Shareholders, Affiliates and Reserve | No POLY Cost. Minting of tokens using the CSV import functionality does not carry a POLY expense. Mining fee required to: whitelist wallet addresses, and mint the desired number of tokens to the whitelisted wallets. | ||
Security Token Offering Selection and Configuration | Use of the “Capped STO” Security Token Offering Templates carries a fee of 20,000 POLY + Mining fee | The Security Token Offering Templates listed on the Polymath platform have all been audited by an independent third party. The report on the Capped STO smart contract audit can be found here: https://github.com/PolymathNetwork/polymath-core/blob/master/audit%20reports/Polymath%20Audit%20Report%20Final.pdf | |
Updates to the whitelist | No POLY Cost Updates to the whitelist do not carry a POLY expense. Mining fee required to: whitelist wallet addresses, update wallet address(es) property(ies) such as buy or sell lockups | The whitelist can be updated before, during and after your Security Token Offering. Each update will carry a mining fee as information needs to be written to the blockchain. |
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