Network fees apply for some transactions made with your Socios.com wallet (e.g., buying or selling Fan Tokens or other on-chain activities). These network fees, also known as "gas fees," cover the resources and processing required to validate your transaction on the blockchain.
Once a transaction is sent to the chain and begins processing, the fees become non-refundable - even if the transaction is not successful. However, if a transaction never reaches the chain (e.g., due to insufficient balance), no fees are deducted.
How fees are estimated and optimized
Fees may fluctuate based on network congestion and transaction complexity. Your Socios.com Wallet provides an estimated network fee before you confirm a transaction, giving you a rough idea of the required funds. However, the final fee is determined during the actual execution on the blockchain.
To help optimise your costs over time, the wallet estimates the required gas fees at the start of your transaction. If there are small leftover amounts after the transaction, they aren't returned since the refund cost would be higher than the leftover itself. Instead, these small amounts are set aside within the network, linked to your Socios.com Wallet, and automatically used for your future transactions - helping better manage and reduce your overall transaction fees.
Network Fees Breakdown
| CHZ withdrawals | Network fees for the Chiliz Chain |
| CHZ top-up | Service Fee* (see below). |
| Fan Token withdrawals | Network fees for the Chiliz Chain |
| Buying Fan Tokens | Network fees for the Chiliz Chain |
| Selling Fan Tokens | Network fees for the Chiliz Chain |
|
Staking/Unstaking/Claiming Fan Tokens |
Network fees for the Chiliz Chain |
|
NFT withdrawals |
Network fees for the Chiliz Chain |
CHZ Top-Up Service Fee
When you top up your wallet on Socios.com, a service fee is applied to the transaction based on your selected payment method. This fee covers the operational costs of providing a secure platform for your fiat transactions.