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@@ -17,15 +17,12 @@ Reading the state of the chain is always free.
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Many extrinsics in Bittensor are subject to a flat **weight-based fee**. In Polkadot-based chains like Subtensor (Bittensor's layer 1 blockchain), [weight](https://docs.polkadot.com/polkadot-protocol/glossary/#weight) is a measure of compute time.
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**Fee Details**:
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-**Current rate**: $\approx0.0013 \tau$
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-**Current rate**: $\approx0.00013 \tau$ (reduced from $\approx0.0013 \tau$)
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-**Payment source**: Sender's TAO free balance by default. For specific extrinsics, if TAO is insufficient to cover fees, the chain will charge fees in Alpha instead (see "Smart Fee Payments (Alpha Fallback)" below).
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-**Denomination**: TAO by default. When fees are paid in Alpha, the TAO fee amount is converted to Alpha using the current Alpha price (no slippage).
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-**Impact on liquidity**: Fees are *recycled* (deducted from `TotalIssuance`)
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See: [Recycling and Burning](./glossary#recycling-and-burning)
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:::tip Planned reduction
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It is currently planned that the fee coefficient will be reduced to $0.005%$ (10x reduction).
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