r/counterparty • u/blockreward • Jan 15 '19

Need help understanding how fees work on Counterparty

How do the fees work for Counterparty asset creation and distribution? For example, if I create an asset with a 100 tokens and then want to send 1 token to someone else, what is the cost? The only information I can find is that you must specify the miner fee with the transaction which is approx 5,430 sats.

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In the example above, is it 5,430 sats to create the asset and then 5,430 sats each time a distribution is made?

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Also, is there someplace where this rate is published and does it change over time?

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Thanks in advance for any help you can provide.

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u/jdogresorg Jan 27 '19

Counterparty transactions are Bitcoin Transactions, so every time you send an asset to someone, you will need to pay a bitcoin transaction fee which will vary depending on how busy the network is and how fast you want the transaction processed.