Sögur's partners who service SGR set their own fees.
Transacting directly with Sögur's smart contract is open only to registered users and involves a price band. The size of the price band changes with the strength of the Sögur economy and is set to 0.15% as long as Sögur's market cap is lower than $1B. Proceeds from this price band are used to cover reserve holding costs. Any surplus is deposited into the reserve. In addition, any transaction on the ethereum network necessitates the paying of transaction fees, known as ‘gas’. These fees are determined by the status of the Ethereum network and the speed in which you want the transaction to be approved by miners.