diff --git a/Cargo.lock b/Cargo.lock
index caec6848..b57743e1 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1521,7 +1521,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-cli-opt"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "bip32",
  "clap",
@@ -1535,7 +1535,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-client-evm-tracing"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "creditcoin3-rpc-primitives-debug",
  "ethereum-types",
@@ -1551,7 +1551,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-evm-tracer"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "creditcoin3-primitives-ext",
  "ethereum-types",
@@ -1571,7 +1571,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-node"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "async-trait",
  "clap",
@@ -1648,7 +1648,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-primitives-ext"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "ethereum-types",
  "evm-tracing-events",
@@ -1659,7 +1659,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-rpc-core-debug"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "creditcoin3-client-evm-tracing",
  "creditcoin3-rpc-core-types",
@@ -1673,7 +1673,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-rpc-core-trace"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "creditcoin3-client-evm-tracing",
  "creditcoin3-rpc-core-types",
@@ -1686,7 +1686,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-rpc-core-types"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "ethereum-types",
  "serde",
@@ -1695,7 +1695,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-rpc-debug"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "creditcoin3-client-evm-tracing",
  "creditcoin3-rpc-core-debug",
@@ -1726,7 +1726,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-rpc-primitives-debug"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "environmental",
  "ethereum",
@@ -1743,7 +1743,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-rpc-trace"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "creditcoin3-client-evm-tracing",
  "creditcoin3-rpc-core-trace",
@@ -1778,7 +1778,7 @@ dependencies = [
 
 [[package]]
 name = "creditcoin3-runtime"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "creditcoin3-evm-tracer",
  "creditcoin3-rpc-primitives-debug",
@@ -2748,7 +2748,7 @@ dependencies = [
 
 [[package]]
 name = "evm-tracing-events"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "environmental",
  "ethereum",
@@ -3726,7 +3726,7 @@ dependencies = [
 
 [[package]]
 name = "generate-bags"
-version = "3.38.0"
+version = "3.39.0"
 dependencies = [
  "clap",
  "creditcoin3-runtime",
diff --git a/Cargo.toml b/Cargo.toml
index b6daa388..5f51b388 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -8,7 +8,7 @@ members = [
 resolver = "2"
 
 [workspace.package]
-version = "3.38.0"
+version = "3.39.0"
 authors = ["Gluwa Inc. Developer Support <support.dev@gluwa.com>"]
 edition = "2021"
 license = "Unlicense"
diff --git a/runtime/src/lib.rs b/runtime/src/lib.rs
index 8cb573eb..461ff812 100644
--- a/runtime/src/lib.rs
+++ b/runtime/src/lib.rs
@@ -39,7 +39,7 @@ use frame_support::weights::{constants::ParityDbWeight as RuntimeDbWeight, Weigh
 use frame_support::{
     construct_runtime, parameter_types,
     traits::{
-        ConstU128, ConstU32, ConstU8, FindAuthor, InstanceFilter, KeyOwnerProofSystem, OnFinalize,
+        ConstU32, ConstU8, FindAuthor, InstanceFilter, KeyOwnerProofSystem, OnFinalize,
         OnTimestampSet,
     },
     weights::{
@@ -150,7 +150,7 @@ pub const MILLISECS_PER_BLOCK: u64 = prod_or_fast!(15_000, 5_000);
 
 pub const SLOT_DURATION: u64 = MILLISECS_PER_BLOCK;
 
-pub const MILLI_CTC: u128 = 1_000_000_000_000_000;
+pub const CENTS: u128 = CTC / 100;
 
 // WARNING: the next should be defined on a single line b/c of
 // the assertions made in .github/check-for-changes-in-epoch-duration.sh
@@ -341,8 +341,8 @@ impl<T: frame_system::Config> WeightToFeePolynomial for WeightToCtcFee<T> {
     type Balance = Balance;
 
     fn polynomial() -> frame_support::weights::WeightToFeeCoefficients<Self::Balance> {
-        let p = MILLI_CTC / 2;
-        let q = 100 * Balance::from(ExtrinsicBaseWeight::get().ref_time());
+        let p = CENTS;
+        let q = 10 * Balance::from(ExtrinsicBaseWeight::get().ref_time());
         smallvec::smallvec![WeightToFeeCoefficient {
             degree: 1,
             negative: false,
@@ -352,8 +352,11 @@ impl<T: frame_system::Config> WeightToFeePolynomial for WeightToCtcFee<T> {
     }
 }
 
+pub const TRANSACTION_BYTE_FEE: Balance = 10 * CENTS / 1_000;
+
 parameter_types! {
     pub FeeMultiplier: Multiplier = Multiplier::one();
+    pub const TransactionByteFee: Balance = TRANSACTION_BYTE_FEE;
 }
 
 impl pallet_transaction_payment::Config for Runtime {
@@ -361,7 +364,7 @@ impl pallet_transaction_payment::Config for Runtime {
     type OnChargeTransaction = CurrencyAdapter<Balances, ()>;
     type OperationalFeeMultiplier = ConstU8<1u8>;
     type WeightToFee = WeightToCtcFee<Runtime>;
-    type LengthToFee = ConstantMultiplier<u128, ConstU128<1_500_000_000u128>>;
+    type LengthToFee = ConstantMultiplier<u128, TransactionByteFee>;
     type FeeMultiplierUpdate = ConstFeeMultiplier<FeeMultiplier>;
 }
 
diff --git a/runtime/src/version.rs b/runtime/src/version.rs
index 67ebe335..9ce651f3 100644
--- a/runtime/src/version.rs
+++ b/runtime/src/version.rs
@@ -7,7 +7,7 @@ pub const VERSION: RuntimeVersion = RuntimeVersion {
     spec_name: create_runtime_str!("creditcoin3"),
     impl_name: create_runtime_str!("creditcoin3"),
     authoring_version: 3,
-    spec_version: 38,
+    spec_version: 39,
     impl_version: 0,
     apis: RUNTIME_API_VERSIONS,
     transaction_version: 2,