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Every time you send any cryptocurrency, from your address to another, you incur a Network Transaction fee or simply called Network fee. Making trades on exchanges also require fees for every buy or sell transaction.

The actual fee you pay will vary according to the network you use. For example, a Bitcoin transaction will have a different fee in comparison to transactions placed on the Bitcoin Cash, Ethereum or Litecoin network. There are even tokens that require a secondary or “gas” token to pay for the Network fees.

Why is there a need for Network Fees?

Mining is the process through which cryptocurrency transactions are gathered, verified and recorded into a digital ledger known as blockchain.

For proof of work blockchains like Bitcoin and Ethereum, the miners get block rewards. Block reward refers to the cryptocurrency rewarded to a miner when they successfully validate a new block. A block is composed of transactions that are already verified or confirmed by the miners, and they are chained together to form what we call a blockchain.

Proof-of-Stake systems usually uses transaction fees as a reward. When a validator gets chosen to forge the next block, it will check if the transactions in the block are valid, signs the block and adds it to the blockchain. As a reward, the validator receives the transaction fees that are associated with the transactions in the block.

The work done by miners and validators are essential for maintaining the integrity of the network and is also responsible for introducing new coins into the system. And that is why these fees are essential in order for a network to work smoothly.

iBBT does not collect any of the rewards or fees.

How are the Fees Calculated?

Fees can fluctuate depending on market demand and network capacity for confirmations. The amount you pay per transaction is determined by how much you’re willing to spend. The more you pay the faster your transaction is processed. For those who are paying less, their transactions are set aside until the miners do not see higher priority transactions.

Determining fees can be a bit of a challenge, due to the way Bitcoin works. The price you pay depends on a number of factors including the size in kilobytes i.e the amount of data that makes up the transaction. That’s why SegWit sends are generally cheaper: because you’re transmitting less data over the network.

Here are some sites that can help with calculating network fees:

https://estimatefee.com 99 - a Bitcoin Fee Calculator
https://ethgasstation.info 46 - site for tracking Gas fees on Ethereum Network

To make things simple, your iBBT wallet will always set the best transaction fee based on network congestion. This can still be manually overridden if the user wants to.

Basis points (BPS) represent a unit that is employed to measure interest rates and other financial percentages. It is very simple to calculate basis points using a very straightforward formula. A basis point is equal to 1/100th of a single percentage point. As such, it can be denoted as 0.01% or 0.0001 in decimal form.

Social currency is a term that's now used in the context of social media, but also encompasses the broader idea of basic social interactions, both online and offline. Social currency refers to the value that people have built up in terms of their interactions and their potential for social influence or success.

The Social Currency Wheel^* is an alternative to the traditional brand funnel or customer decision journey. The Social Currency Wheel evaluates the impact of social behaviors of customers on social currency and three outcomes: consideration, purchase, and loyalty. Social currency indeed has become a really important concept. More than 2.56 billion social media users exist today.

^*Source: Wikipedia

Social Money is a term that's now used in the context of social media users, it encompasses the broader idea of basic community money interactions, both online and offline. Social Money refers to the exchange value that people use in terms of their Network Society interactions, etc. Twitter or Blockchain related Social Media Networks.

An independent person, company, or entity that enters into a written agreement with the exchanger to facilitate the transfer of proceeds from the buyer of the relinquished property to the exchanger and from the exchanger to the seller of the replacement property to effect a tax-deferred exchange under IRC Section 1031.

^*Disclaimer: This information or any information of the iBBT Utility Token¹, FCS or FCT does not constitute an offer to sell or a solicitation of an offer to buy an iBBT Security "Common Stock" or Convertible Fractional Token "CFT" to the Public or anyone who does not have a direct relationship with iBBT. Alternatively, the iBBT Tokens can be used as Rewards, Merchant Discounts, or Social Money within iBBT Network Society.

The popular cryptocurrency and blockchain system known as Ethereum is based on the use of tokens, which can be bought, sold, or traded. In this case, "tokens" represent a diverse range of digital assets, such as vouchers, IOUs, or even real-world, tangible objects. In this way, tokens are essentially smart contracts that make use of the Ethereum blockchain.

One of the most significant tokens is called ERC-20, which has emerged as the technical standard used for all smart contracts on the Ethereum blockchain for token implementation.

One of the most significant tokens is known as ERC-20, which has emerged as the technical standard used for all smart contracts on the Ethereum blockchain for token implementation.

ERC-20 defines six different functions for the benefit of other tokens within the Ethereum system. These are generally basic functionality issues, including the method in which tokens are transferred and how users can access data regarding a particular token.

Most state laws allow companies to do away with paper stock certificates. Paper certificates can be easily lost, stolen or destroyed. They are inefficient to hold, protect, and trade and they are expensive to issue and replace. Direct registration shares cannot be lost, stolen or destroyed so you avoid the significant cost and effort involved in replacing lost, stolen or destroyed certificates.

DRS is a form of stock ownership commonly referred to as "book entry." It is a safe and efficient way to keep track of your shares. Your shares remain registered in your name and are issued, transferred and sold electronically without using a paper stock certificate. DRS also allows for the transfer of shares between authorized issuers and broker dealers without the use of paper stock certificates.

iBlockchain Bank & Trust Technologies Co., has authorized 10,000,000 Common Stock in Digital PDF form. - our authorized capital stock will consist of 5 types of Common Stock. Class A common stock, Class B Redeemable common stock, Class C Non-Voting Ordinary stock, Class D Non-Cumulative Preference stock and Class E Fractional Convertible Stock.

Disclaimer: This information or any information of the iBBT Utility Token, FCS or FCT does not constitute an offer to sell or a solicitation of an offer to buy an iBBT Security "Common Stock" or Convertible Fractional Token "CFT" to the Public or anyone who does not have a direct relationship with iBBT. Alternatively, the iBBT Tokens can be used as Rewards, Merchant Discounts, or Social Money within iBBT Network Society.

A Fractional Convertible Token or ('FCT'), is the natural progression of a paper common stock (share) that has been converted into a digital share in the form of a pdf and a ERC20 digital token respectively. All three assets have a 1:1 direct relationship and a continuity in the chain of custody of the asset issued by an organization. The FCT is issued under the guidelines and restrictions of a Distributed Autonomous Corporation (DAC) according to its Corporate Governance

Disclaimer: This information or any information of the iBBT Utility Token, FCS or FCT does not constitute an offer to sell or a solicitation of an offer to buy an iBBT Security "Common Stock" or Convertible Fractional Token "CFT" to the Public or anyone who does not have a direct relationship with iBBT. Alternatively, the iBBT Tokens can be used as Rewards, Merchant Discounts, or Social Money within iBBT Network Society.

A Fractional Convertible Share or ('FCS') is a classification given to a common stock under a corporate governance. It still maintains all the regulatory requirements give to a security under the Securities and Exchange and US State Law. The renaming nomenclature expands the direct relationship of a common stock issued in a digital pdf form and the natural evolution of the same digital asset to take a new digital representation in the form of Blockchain ERC20 Token. Both the FCS and the FCT have a 1:1 parity and a continuation of the chain of custody respectively.

Disclaimer: This information or any information of the iBBT Utility Token, FCS or FCT does not constitute an offer to sell or a solicitation of an offer to buy an iBBT Security "Common Stock" or Convertible Fractional Token "CFT" to the Public or anyone who does not have a direct relationship with iBBT. Alternatively, the iBBT Tokens can be used as Rewards, Merchant Discounts, or Social Money within iBBT Network Society.

A DAC-Token is a governed ERC-20 smart contract that can represent ownership of securities. It is compatible with all existing wallets and exchanges that support the ERC-20 token standard, but it overrides the existing ERC-20 transfer method to check with an on-chain Corporate Governance Service for trade approval.

An accredited investor, in the context of a natural person, includes anyone who: a) earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR b) has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).Click here for information, or details on Accredited Entities.

Restricted securities are securities acquired in an unregistered, private sale from the issuing company or from an affiliate of the issuer. They typically bear a "restrictive" legend clearly stating that you may not resell them in the public marketplace unless the sale is exempt from the SEC's registration requirements.

Rule 144 allows holders of restricted or control securities to sell those securities in the open market provided certain conditions are met by the seller, the broker and the company. Restricted Securities. In general, restricted securities are acquired in a nonpublic transaction (private placement).

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Answer: Dematerialization (DEMAT) is the move from physical certificates to electronic bookkeeping. Actual stock certificates are then removed and retired from circulation in exchange for electronic recording.

How Dematerialization Works

With the age of computers and the Depository Trust Company, securities no longer need to be in certificate form. They can be registered and transferred electronically.

Through dematerialization, so-called DEMAT accounts allow for electronic transactions when shares of stock are bought and sold. Within a DEMAT account, the certificates for stocks and other securities of the user are held as a means for seamless trades to be made.

The introduction of dematerialization allowed for accounts to be updated automatically and swiftly.