Can someone help explain what this highlighted transaction represents? This screenshot was taken from my personal devnet wallet.
[blanked the party ids]
[blanked the party ids]
Hi, Andrew
This is your wallet burning 6 Canton Coin to pay the $0.03 USD fee for merging your two Canton Coin UTXO records into one. It appears your wallet has been configured to do this automatically. This reduces your holding fees (which at the current USD-CC conversion rate come out to about 4 CC per week) but if you have a lot of transactions you might prefer to disable this “auto-merge”.
This 0.03 USD fee is referred to as the “base transfer fee” because it is charged each time you create a new CC UTXO record.
2 Likes