How much does creating of a namespace cost?

We are deciding which blockchain technology to use, to build our own app upon. I saw NEM has really amazing features, which are extremely useful to quickly start the development. Then I cam to the NanoWallet and tried to create a Namespace and saw the price is 5 000.000000. Is this correctly written as 5 thousand XEM, that’s currently over 1000 USD. Is that possible or are just decimal points wrongly written?

Don’t worry, the fees will go down with the next NIS release on 20th this month.
The new price of namespace is 100 xem I think, correct me if I’m wrong.

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Thanks cyrus, did’t know about the fork at all :slight_smile: