Gas Fee Distribution

Returns on investment will be provided to participants in the form of gas fees, which are distributed according to the following allocation: 70% for active validators, 20% for contract creators, and 10% for burning

In the event that there are no contract creators, their portion will be added to the allocation for validators. This distribution will occur with each block mining, ensuring consistent and fair reward distribution among validators and contract creators.

How do validators receive their share of gas fees?

In order to receive a portion of gas fees as a validator, one must first become a validator on the latest chain by following the instructions outlined in the Validator section of the official documentation located at https://doc.latestchain.io/#/Validator Once a validator is connected to the blockchain, they will be eligible to receive gas fees along with all other active validators among the users who transact on the blockchain. Validators will receive 70% of the total gas fee.

How to determine the contract creator's percentage?

Contract creators on the Latest Chain receive 20% of the gas fees. To receive the 20% gas fee share, contract creators must add specific code to register their contract in the reward smart contract. Include this code in the constructor of any smart contract. (bool success,)= 0x000000000000000000000000000000000000f000.call{gas:50000} (abi.encodeWithSignature("setContractCreator(address)",address(this))); require(success,'register contract failed'); It is imperative that contract creators add the given code to the constructor of their contract in order to receive their share of the gas fee. Failure to do so will result in the share going to the validator. However, in case the code is forgotten, there is an option to add the contract address to this URL after deployment: https://scan.latestchain.io/add-contract-creator/ Simply connect the owner's wallet and submit it to receive the contract creator's part in the gas fee.

What percentage of the gas fee is allocated to the Burn part?

Out of the total gas fee, 10% of the tokens are burned, which is less than the total supply. This is beneficial because as the supply decreases, the price of the coin will increase.