Hazel
May 13, 2021, 1:51pm
1
Many of my ideas take advantage of the having swarms of canisters. In some instances each user might have a canister.
For spam reasons I imagine this has to cost something - can anyone share the cycle costs involved with creating a canister on the mainnet?
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“The conversion of ICP tokens to cycles occurs at a variable rate, which is constantly configured by the NNS in response to external markets.”
https://medium.com/dfinity/the-internet-computers-token-economics-an-overview-29e238bd1d83
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Hazel
May 13, 2021, 5:10pm
3
Thanks for the share. Updated my post to be a bit more clear - I want to know how many cycles we can expect to need to create a canister.
flyq
May 14, 2021, 2:03am
4
When operating in nns app, It prompts that in order to create a canister, at least 2T cycles are required
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It’s around $2.5 USD for 2T cycles. I think I read somewhere that 1T cycles should be pinned at around one Swiss Franc, but that may be old tokenomics.
Hazel
May 14, 2021, 5:54pm
7
Yeah, I’m hoping that will come way down either by the time people are onboarded to the network, or shortly thereafter.
1T = 1XDR (an IMF basket).
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