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Creation fee #349

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merged 2 commits into from Feb 20, 2020
Merged

Creation fee #349

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05a88d3
Added mosaic
dgarcia360 Feb 20, 2020
0ad4234
Update mosaic.rst
dgarcia360 Feb 20, 2020
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23 changes: 14 additions & 9 deletions source/concepts/mosaic.rst
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Expand Up @@ -20,7 +20,8 @@ Find below the complete list of configurable properties.
Divisibility
============

Determines the decimal place to which the mosaic can be divided. Divisibility of 3 means that the smallest fraction a mosaic can be divided into will be 0.001.
Determines the decimal place to which the mosaic can be divided.
A divisibility of 3 means that the smallest fraction a mosaic can be divided into will be 0.001.
The divisibility must be in the range of 0 and 6.

Initial supply
Expand All @@ -29,23 +30,27 @@ Initial supply
Indicates the amount of mosaic in circulation.
The total supply must be in the range of 0 and ``9,000,000,000,000,000`` atomic units.

|codename| works with **absolute amounts**. To get an absolute amount, multiply the amount of assets you want to create or send by 10\ :sup:`divisibility`.
|codename| works with **absolute amounts**.
To get an absolute amount, multiply the amount of assets you want to create or send by 10\ :sup:`divisibility`.

For example, if the mosaic has **divisibility** 2, to create or send 10 units (relative) you should define 1,000 (absolute) instead.

Duration
========

Specifies the number of confirmed blocks the mosaic is rented for.
It is allowed to lie in |codename|'s public network up to ``3650`` days (10 years), being this parameter :ref:`editable per network <config-network-properties>`.
It is allowed to lie in |codename|'s public network up to ``3650`` days (10 years), being this maximum parameter :ref:`editable per network <config-network-properties>`.
**Non-expiring mosaics** can be created by setting this property to ``0``.

You can use the following formula to convert approximately days to blocks:
.. note:: Differently to namespaces, a mosaic duration cannot be extended after its creation. Before creating one, consider if your use case requires the mosaic to expire or not.

The following formula is used to convert days to blocks approximately:

.. math::

duration ≈ numberOfDays * 86400 / blockGenerationTargetTimeInSeconds


Supply mutable
==============

Expand Down Expand Up @@ -77,14 +82,14 @@ If set to true, the mosaic creator can configure custom :doc:`restrictions <mosa

.. _mosaic-rental-fee:

**********
Rental fee
**********
************
Creation fee
************

To create a mosaic, accounts have to pay a rental fee in addition to the :doc:`transaction fee <fees>`.
To create a mosaic, accounts have to pay a fee in addition to the :doc:`transaction fee <fees>`.
The fees will be deducted from the account's balance after the announcement of a valid **MosaicDefinitionTransaction**.

By default, registering a mosaic in |codename|'s public network has an :ref:`initial cost <config-network-properties>` of ``0.0005`` |networkcurrency|.
By default, creating a mosaic in |codename|'s public network has an :ref:`initial cost <config-network-properties>` of ``0.0005`` |networkcurrency|.
However, **the network dynamically adjusts the mosaic rental fee** over time.

To calculate the effective rental fee, the network multiplies the default value set in the configuration by the :doc:`median network multiplier <harvesting>` over last :ref:`maxDifficultyBlocks <config-network-properties>`.
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2 changes: 1 addition & 1 deletion source/guides/restriction/delegating-mosaic-restrictions-to-a-third-party.rst
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Expand Up @@ -39,7 +39,7 @@ Prerequisites
Method #01: Using the SDK
*************************

1. Start by registering a new ``restrictable`` mosaic with the :doc:`ComfyClothingCompany account <../account/creating-an-account>` account.
1. Start by creating a new ``restrictable`` mosaic with the :doc:`ComfyClothingCompany account <../account/creating-an-account>` account.
We will refer to this mosaic from now on as ``cc.shares``.

.. code-block:: bash
Expand Down