Transaction Fees on PXN
The Phantom Network operates on a bespoke Layer 2 (L2) framework to facilitate all transactions on the platform. Whilst $PXN transactions on the network itself are gasless, a nominal fee will be charged per transaction in PXN tokens.
As outlined in Token Distribution, the entire 400 million supply will be minted annually as a batch on the Ethereum mainnet and stored in the ProjectPXN treasury contract for further distribution as required. The treasury balance represents the total $PXN liquidity on PxN at all times.
If a user wishes to withdraw $PXN from PxN, there will be an interface to call the treasury contract and transfer the designated amount of $PXN from the treasury into the user's wallet on mainnet. The process also functions in reverse where a user can elect to deposit $PXN into PxN, where the designated amount of $PXN is transferred back into the treasury and the equivalent amount is reflected in the user's account on PxN.