# create\_dividend: Do I have to pay for fee in XCP? (0.0004XCP) **URL:** \ **Category:** Counterparty\ **Created:** [December 28, 2014, 8:00am UTC](https://forums.counterparty.io/t/create-dividend-do-i-have-to-pay-for-fee-in-xcp-0-0004xcp/641 "2014-12-28T08:00:07Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![zono](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/zono/32/47_2.png) [@zono](https://forums.counterparty.io/u/zono)\ **Post date:** [December 28, 2014, 8:00am UTC](https://forums.counterparty.io/t/create-dividend-do-i-have-to-pay-for-fee-in-xcp-0-0004xcp/641/1 "2014-12-28T08:00:07Z")
Hi, I did create\_dividend twice I got an unexpected result. My question is... 40000 XCP is fee for dividend? Do I have to pay XCP and BTC as transaction fee?  40000 is from this.. Case1: 120900000(before XCP) - 120860000(after XCP) = 40000XCP Case2: 120860000(before XCP) - 120819997(after XCP) = 40003XCP --------------------------- Case1: [Before executing dividend] \*All of asset holders of XSTAR: address: "1A31xhRp9FyQZXG57hXczaVLkH5Dm3m9jy", // Asset Owner. XCP quantity was 120900000 balance: "0.0000007", //XSTAR. divisible asset percentage: "70.0000000000" address: "17sdLuNtD7ZpFCVZ3Doz58fwxFF6i6CKk2", balance: "0.0000002", //XSTAR percentage: "20.0000000000" address: "1KMdf7VWLEBdCo9iwmtpW7kJaSzSAUz2zJ", balance: "0.0000001", //XSTAR percentage: "10.0000000000" [Executing command] Asset=XSTAR, Pay in XSTAR as dividend asset.  '{"jsonrpc":"2.0", "id":0, "method":"create\_dividend", "params":{"source":"1A31xhRp9FyQZXG57hXczaVLkH5Dm3m9jy", "asset":"XSTAR", "dividend\_asset":"XSTAR", "quantity\_per\_unit":10000000}}' [After executing dividend] \*All of asset holders of XSTAR: address: "1A31xhRp9FyQZXG57hXczaVLkH5Dm3m9jy", // Asset Owner. XCP quantity was 120860000 balance: "0.00000067", //XSTAR. divisible asset percentage: "67.0000000000" address: "17sdLuNtD7ZpFCVZ3Doz58fwxFF6i6CKk2", balance: "0.00000022", //XSTAR. divisible asset percentage: "22.0000000000" address: "1KMdf7VWLEBdCo9iwmtpW7kJaSzSAUz2zJ", balance: "0.00000011", //XSTAR. divisible asset percentage: "11.0000000000" ---
**Author:** ![zono](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/zono/32/47_2.png) [@zono](https://forums.counterparty.io/u/zono)\ **Post date:** [December 28, 2014, 8:00am UTC](https://forums.counterparty.io/t/create-dividend-do-i-have-to-pay-for-fee-in-xcp-0-0004xcp/641/2 "2014-12-28T08:00:49Z")
Case2: [Before executing dividend] \*All of asset holders of XSTAR: address: "1A31xhRp9FyQZXG57hXczaVLkH5Dm3m9jy", // Asset Owner. XCP quantity was 120860000 balance: "0.0000007", //XSTAR. divisible asset percentage: "70.0000000000" address: "17sdLuNtD7ZpFCVZ3Doz58fwxFF6i6CKk2", // Asset Owner. XCP quantity was 0 balance: "0.0000002", //XSTAR percentage: "20.0000000000" address: "1KMdf7VWLEBdCo9iwmtpW7kJaSzSAUz2zJ", // Asset Owner. XCP quantity was 88480000 balance: "0.0000001", //XSTAR percentage: "10.0000000000" [Executing command] Asset=XSTAR, Pay in XCP as dividend asset.  '{"jsonrpc":"2.0", "id":0, "method":"create\_dividend", "params":{"source":"1A31xhRp9FyQZXG57hXczaVLkH5Dm3m9jy", "asset":"XSTAR", "dividend\_asset":"XSTAR", "quantity\_per\_unit":10000000}}' [After executing dividend] \*All of asset holders of XSTAR: address: "1A31xhRp9FyQZXG57hXczaVLkH5Dm3m9jy", // Asset Owner. XCP quantity was 120819997 balance: "0.0000007", //XSTAR. divisible asset percentage: "70.0000000000" address: "17sdLuNtD7ZpFCVZ3Doz58fwxFF6i6CKk2", // Asset Owner. XCP quantity was 1 balance: "0.0000002", //XSTAR percentage: "20.0000000000" address: "1KMdf7VWLEBdCo9iwmtpW7kJaSzSAUz2zJ", // Asset Owner. XCP quantity was 88480002 balance: "0.0000001", //XSTAR percentage: "10.0000000000" ---
**Author:** ![something](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/something/32/240_2.png) [@something](https://forums.counterparty.io/u/something)\ **Post date:** [December 28, 2014, 11:56am UTC](https://forums.counterparty.io/t/create-dividend-do-i-have-to-pay-for-fee-in-xcp-0-0004xcp/641/3 "2014-12-28T11:56:43Z")
@zono there’s a discussion about confusion around dividend payments here: [https://github.com/CounterpartyXCP/counterwallet/issues/596](https://github.com/CounterpartyXCP/counterwallet/issues/596) Dividend is not paid to the asset issuer (address).  So if you have 100 issued units of an asset and 70 are still owned by the issuing address A, and two external holders (B and C, holding 20 and 10), then if you pay 100 XCP of dividend (so 1 XCP per 1 asset), only 30 will be paid out (20XCP to B and 10XCP to C), while 70XCP will not be paid because the issuing address has 70 units of the asset. Before: A - 70 asset, 1000 XCP # asset issuer B - 20 asset C - 10 asset After payment of 100 XCP dividend (1 XCP per each unit of asset held) A - 70 asset, 970 XCP B - 20 asset, 20 XCP C - 10 asset, 10 XCP Transaction fees should be normal. I haven’t looked at the exact numbers in your examples because they are too small (I would need Excel or calculator). ---
**Author:** ![zono](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/zono/32/47_2.png) [@zono](https://forums.counterparty.io/u/zono)\ **Post date:** [December 28, 2014, 2:40pm UTC](https://forums.counterparty.io/t/create-dividend-do-i-have-to-pay-for-fee-in-xcp-0-0004xcp/641/4 "2014-12-28T14:40:10Z")
@something Thank you always.  "Dividend is not paid to the asset issuer (address). "、"Transaction fees should be normal." All right. I understand clearly. I will try it again. I will use larger quantity next time. Thanks. ---
**Author:** ![zono](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/zono/32/47_2.png) [@zono](https://forums.counterparty.io/u/zono)\ **Post date:** [January 2, 2015, 1:57pm UTC](https://forums.counterparty.io/t/create-dividend-do-i-have-to-pay-for-fee-in-xcp-0-0004xcp/641/5 "2015-01-02T13:57:20Z")
Hi, I finally understood the meaning of 0.0004XCP. Since counterpartyd v9.45.0, we have to pay dividend fee which is 0.0002 XCP per recipient. The number of recipients were two in my case. That's why it cost 0.0004XCP. But I am very curious about the reason why the fee is needed. Regarding the 0.5 XCP issuance fee, I understand that is a good way to avoid spam. How about dividend, is there any reasons? Thanks. ---
**Author:** ![zono](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/zono/32/47_2.png) [@zono](https://forums.counterparty.io/u/zono)\ **Post date:** [January 2, 2015, 1:58pm UTC](https://forums.counterparty.io/t/create-dividend-do-i-have-to-pay-for-fee-in-xcp-0-0004xcp/641/6 "2015-01-02T13:58:23Z")
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**Author:** ![something](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/something/32/240_2.png) [@something](https://forums.counterparty.io/u/something)\ **Post date:** [January 2, 2015, 2:05pm UTC](https://forums.counterparty.io/t/create-dividend-do-i-have-to-pay-for-fee-in-xcp-0-0004xcp/641/7 "2015-01-02T14:05:56Z")
\> But I am very curious about the reason why the fee is needed.  Hi @zono. It’s the same reason - to prevent spam. See: [https://github.com/CounterpartyXCP/counterpartyd/issues/254](https://github.com/CounterpartyXCP/counterpartyd/issues/254) ---
**Author:** ![zono](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/zono/32/47_2.png) [@zono](https://forums.counterparty.io/u/zono)\ **Post date:** [January 2, 2015, 2:16pm UTC](https://forums.counterparty.io/t/create-dividend-do-i-have-to-pay-for-fee-in-xcp-0-0004xcp/641/8 "2015-01-02T14:16:46Z")
Thank you @something. I understand it.