diff --git a/cli/smartcontract/smart_contract.go b/cli/smartcontract/smart_contract.go
index ccf9bb1bf..e22b986ac 100644
--- a/cli/smartcontract/smart_contract.go
+++ b/cli/smartcontract/smart_contract.go
@@ -1,7 +1,6 @@
 package smartcontract
 
 import (
-	"bufio"
 	"bytes"
 	"context"
 	"encoding/hex"
@@ -22,6 +21,7 @@ import (
 	"github.com/nspcc-dev/neo-go/pkg/rpc/request"
 	"github.com/nspcc-dev/neo-go/pkg/rpc/response/result"
 	"github.com/nspcc-dev/neo-go/pkg/smartcontract"
+	"github.com/nspcc-dev/neo-go/pkg/smartcontract/manifest"
 	"github.com/nspcc-dev/neo-go/pkg/util"
 	"github.com/nspcc-dev/neo-go/pkg/vm"
 	"github.com/nspcc-dev/neo-go/pkg/wallet"
@@ -323,23 +323,22 @@ func initSmartContract(ctx *cli.Context) error {
 		return cli.NewExitError(err, 1)
 	}
 
-	// Ask contract information and write a neo-go.yml file unless the -skip-details flag is set.
-	// TODO: Fix the missing neo-go.yml file with the `init` command when the package manager is in place.
-	if !ctx.Bool("skip-details") {
-		details := parseContractDetails()
-		details.ReturnType = smartcontract.ByteArrayType
-		details.Parameters = make([]smartcontract.ParamType, 2)
-		details.Parameters[0] = smartcontract.StringType
-		details.Parameters[1] = smartcontract.ArrayType
-
-		project := &ProjectConfig{Contract: details}
-		b, err := yaml.Marshal(project)
-		if err != nil {
-			return cli.NewExitError(err, 1)
-		}
-		if err := ioutil.WriteFile(filepath.Join(basePath, "neo-go.yml"), b, 0644); err != nil {
-			return cli.NewExitError(err, 1)
-		}
+	m := ProjectConfig{
+		EntryPoint: manifest.Method{
+			Name: "Main",
+			Parameters: []manifest.Parameter{
+				manifest.NewParameter("Method", smartcontract.StringType),
+				manifest.NewParameter("Arguments", smartcontract.ArrayType),
+			},
+			ReturnType: smartcontract.ByteArrayType,
+		},
+	}
+	b, err := yaml.Marshal(m)
+	if err != nil {
+		return cli.NewExitError(err, 1)
+	}
+	if err := ioutil.WriteFile(filepath.Join(basePath, "neo-go.yml"), b, 0644); err != nil {
+		return cli.NewExitError(err, 1)
 	}
 
 	data := []byte(fmt.Sprintf(smartContractTmpl, contractName))
@@ -375,7 +374,7 @@ func contractCompile(ctx *cli.Context) error {
 		if err != nil {
 			return err
 		}
-		o.ContractDetails = &conf.Contract
+		o.ContractFeatures = conf.GetFeatures()
 	}
 
 	result, err := compiler.CompileAndSave(src, o)
@@ -526,30 +525,35 @@ func testInvokeScript(ctx *cli.Context) error {
 
 // ProjectConfig contains project metadata.
 type ProjectConfig struct {
-	Version  uint
-	Contract smartcontract.ContractDetails `yaml:"project"`
+	HasStorage bool
+	IsPayable  bool
+	EntryPoint manifest.Method
+	Methods    []manifest.Method
+	Events     []manifest.Event
 }
 
-func parseContractDetails() smartcontract.ContractDetails {
-	details := smartcontract.ContractDetails{}
-	reader := bufio.NewReader(os.Stdin)
+// GetFeatures returns smartcontract features from the config.
+func (p *ProjectConfig) GetFeatures() smartcontract.PropertyState {
+	var fs smartcontract.PropertyState
+	if p.IsPayable {
+		fs |= smartcontract.IsPayable
+	}
+	if p.HasStorage {
+		fs |= smartcontract.HasStorage
+	}
+	return fs
+}
 
-	fmt.Print("Author: ")
-	details.Author, _ = reader.ReadString('\n')
-
-	fmt.Print("Email: ")
-	details.Email, _ = reader.ReadString('\n')
-
-	fmt.Print("Version: ")
-	details.Version, _ = reader.ReadString('\n')
-
-	fmt.Print("Project name: ")
-	details.ProjectName, _ = reader.ReadString('\n')
-
-	fmt.Print("Description: ")
-	details.Description, _ = reader.ReadString('\n')
-
-	return details
+// ToManifest converts project config to the manifest.
+func (p *ProjectConfig) ToManifest(script []byte) *manifest.Manifest {
+	h := hash.Hash160(script)
+	m := manifest.NewManifest(h)
+	m.Features = p.GetFeatures()
+	m.ABI.Hash = h
+	m.ABI.EntryPoint = p.EntryPoint
+	m.ABI.Methods = p.Methods
+	m.ABI.Events = p.Events
+	return m
 }
 
 func inspect(ctx *cli.Context) error {
@@ -646,13 +650,12 @@ func contractDeploy(ctx *cli.Context) error {
 		return cli.NewExitError(err, 1)
 	}
 
-	txScript, err := request.CreateDeploymentScript(avm, &conf.Contract)
+	m := conf.ToManifest(avm)
+	txScript, sysfee, err := request.CreateDeploymentScript(avm, m)
 	if err != nil {
 		return cli.NewExitError(fmt.Errorf("failed to create deployment script: %v", err), 1)
 	}
 
-	sysfee := smartcontract.GetDeploymentPrice(request.DetailsToSCProperties(&conf.Contract))
-
 	txHash, err := c.SignAndPushInvocationTx(txScript, acc, sysfee, gas)
 	if err != nil {
 		return cli.NewExitError(fmt.Errorf("failed to push invocation tx: %v", err), 1)
diff --git a/pkg/compiler/compiler.go b/pkg/compiler/compiler.go
index f72d7ba47..59abcacf8 100644
--- a/pkg/compiler/compiler.go
+++ b/pkg/compiler/compiler.go
@@ -32,7 +32,7 @@ type Options struct {
 	ABIInfo string
 
 	// Contract metadata.
-	ContractDetails *smartcontract.ContractDetails
+	ContractFeatures smartcontract.PropertyState
 }
 
 type buildInfo struct {
@@ -118,7 +118,7 @@ func CompileAndSave(src string, o *Options) ([]byte, error) {
 	if o.ABIInfo == "" {
 		return b, err
 	}
-	abi := di.convertToABI(b, o.ContractDetails)
+	abi := di.convertToABI(b, o.ContractFeatures)
 	abiData, err := json.Marshal(abi)
 	if err != nil {
 		return b, err
diff --git a/pkg/compiler/debug.go b/pkg/compiler/debug.go
index 9f174b5cc..c6b4b6c69 100644
--- a/pkg/compiler/debug.go
+++ b/pkg/compiler/debug.go
@@ -311,14 +311,16 @@ func parsePairJSON(data []byte, sep string) (string, string, error) {
 	return ss[0], ss[1], nil
 }
 
-func (di *DebugInfo) convertToABI(contract []byte, cd *smartcontract.ContractDetails) ABI {
+// convertToABI converts contract to the ABI struct for debugger.
+// Note: manifest is taken from the external source, however it can be generated ad-hoc. See #1038.
+func (di *DebugInfo) convertToABI(contract []byte, fs smartcontract.PropertyState) ABI {
 	methods := make([]Method, 0)
 	for _, method := range di.Methods {
 		if method.Name.Name == di.EntryPoint {
 			methods = append(methods, Method{
 				Name:       method.Name.Name,
 				Parameters: method.Parameters,
-				ReturnType: cd.ReturnType.String(),
+				ReturnType: method.ReturnType,
 			})
 			break
 		}
@@ -333,14 +335,8 @@ func (di *DebugInfo) convertToABI(contract []byte, cd *smartcontract.ContractDet
 	return ABI{
 		Hash: hash.Hash160(contract),
 		Metadata: Metadata{
-			Author:               cd.Author,
-			Email:                cd.Email,
-			Version:              cd.Version,
-			Title:                cd.ProjectName,
-			Description:          cd.Description,
-			HasStorage:           cd.HasStorage,
-			HasDynamicInvocation: cd.HasDynamicInvocation,
-			IsPayable:            cd.IsPayable,
+			HasStorage: fs&smartcontract.HasStorage != 0,
+			IsPayable:  fs&smartcontract.IsPayable != 0,
 		},
 		EntryPoint: di.EntryPoint,
 		Functions:  methods,
diff --git a/pkg/compiler/debug_test.go b/pkg/compiler/debug_test.go
index 25cd7d035..7059e1384 100644
--- a/pkg/compiler/debug_test.go
+++ b/pkg/compiler/debug_test.go
@@ -117,33 +117,10 @@ func methodStruct() struct{} { return struct{}{} }
 	}
 
 	t.Run("convert to ABI", func(t *testing.T) {
-		author := "Joe"
-		email := "Joe@ex.com"
-		version := "1.0"
-		title := "MyProj"
-		description := "Description"
-		actual := d.convertToABI(buf, &smartcontract.ContractDetails{
-			Author:               author,
-			Email:                email,
-			Version:              version,
-			ProjectName:          title,
-			Description:          description,
-			HasStorage:           true,
-			HasDynamicInvocation: false,
-			IsPayable:            false,
-			ReturnType:           smartcontract.BoolType,
-			Parameters: []smartcontract.ParamType{
-				smartcontract.StringType,
-			},
-		})
+		actual := d.convertToABI(buf, smartcontract.HasStorage)
 		expected := ABI{
 			Hash: hash.Hash160(buf),
 			Metadata: Metadata{
-				Author:               author,
-				Email:                email,
-				Version:              version,
-				Title:                title,
-				Description:          description,
 				HasStorage:           true,
 				HasDynamicInvocation: false,
 				IsPayable:            false,
diff --git a/pkg/rpc/request/txBuilder.go b/pkg/rpc/request/txBuilder.go
index 05def02a3..5c3cd1eed 100644
--- a/pkg/rpc/request/txBuilder.go
+++ b/pkg/rpc/request/txBuilder.go
@@ -5,49 +5,28 @@ import (
 	"fmt"
 	"strconv"
 
+	"github.com/nspcc-dev/neo-go/pkg/core"
 	"github.com/nspcc-dev/neo-go/pkg/crypto/keys"
 	"github.com/nspcc-dev/neo-go/pkg/io"
 	"github.com/nspcc-dev/neo-go/pkg/smartcontract"
+	"github.com/nspcc-dev/neo-go/pkg/smartcontract/manifest"
 	"github.com/nspcc-dev/neo-go/pkg/util"
 	"github.com/nspcc-dev/neo-go/pkg/vm/emit"
 	"github.com/nspcc-dev/neo-go/pkg/vm/opcode"
 )
 
-// DetailsToSCProperties extract the fields needed from ContractDetails
-// and converts them to smartcontract.PropertyState.
-func DetailsToSCProperties(contract *smartcontract.ContractDetails) smartcontract.PropertyState {
-	var props smartcontract.PropertyState
-	if contract.HasStorage {
-		props |= smartcontract.HasStorage
-	}
-	if contract.HasDynamicInvocation {
-		props |= smartcontract.HasDynamicInvoke
-	}
-	if contract.IsPayable {
-		props |= smartcontract.IsPayable
-	}
-	return props
-}
-
 // CreateDeploymentScript returns a script that deploys given smart contract
-// with its metadata.
-func CreateDeploymentScript(avm []byte, contract *smartcontract.ContractDetails) ([]byte, error) {
+// with its metadata and system fee require for this.
+func CreateDeploymentScript(avm []byte, manif *manifest.Manifest) ([]byte, util.Fixed8, error) {
 	script := io.NewBufBinWriter()
-	emit.Bytes(script.BinWriter, []byte(contract.Description))
-	emit.Bytes(script.BinWriter, []byte(contract.Email))
-	emit.Bytes(script.BinWriter, []byte(contract.Author))
-	emit.Bytes(script.BinWriter, []byte(contract.Version))
-	emit.Bytes(script.BinWriter, []byte(contract.ProjectName))
-	emit.Int(script.BinWriter, int64(DetailsToSCProperties(contract)))
-	emit.Int(script.BinWriter, int64(contract.ReturnType))
-	params := make([]byte, len(contract.Parameters))
-	for k := range contract.Parameters {
-		params[k] = byte(contract.Parameters[k])
-	}
-	emit.Bytes(script.BinWriter, params)
+	w := io.NewBufBinWriter()
+	manif.EncodeBinary(w.BinWriter)
+	rawManifest := w.Bytes()
+	emit.Bytes(script.BinWriter, rawManifest)
 	emit.Bytes(script.BinWriter, avm)
 	emit.Syscall(script.BinWriter, "Neo.Contract.Create")
-	return script.Bytes(), nil
+	sysfee := util.Fixed8(core.StoragePrice * (len(avm) + len(rawManifest)))
+	return script.Bytes(), sysfee, nil
 }
 
 // expandArrayIntoScript pushes all FuncParam parameters from the given array
diff --git a/pkg/smartcontract/deployment_price.go b/pkg/smartcontract/deployment_price.go
deleted file mode 100644
index 5ba9b8929..000000000
--- a/pkg/smartcontract/deployment_price.go
+++ /dev/null
@@ -1,18 +0,0 @@
-package smartcontract
-
-import "github.com/nspcc-dev/neo-go/pkg/util"
-
-// GetDeploymentPrice returns contract deployment price based on its properties.
-func GetDeploymentPrice(props PropertyState) util.Fixed8 {
-	fee := int64(100)
-
-	if props&HasStorage != 0 {
-		fee += 400
-	}
-
-	if props&HasDynamicInvoke != 0 {
-		fee += 500
-	}
-
-	return util.Fixed8FromInt64(fee)
-}