⛽Gas-Free Transactions
Last updated
Last updated
The KeepGem provides a way to cover gas fees required for GEM token mining on the Arbitrum blockchain. Users can earn free gas through specific activities and rewards designed to reduce financial barriers. This ensures seamless participation in mining without incurring personal costs, promoting active engagement in the ecosystem.
Free gas can be earned by completing tasks such as following social media accounts, topping up the wallet, or using features like the SWAP function. These rewards are exclusively for mining GEM tokens, helping users minimize transaction costs while participating in the mining process.
KeepGem Wallet features a protective system to prevent users from overpaying for network gas fees during periods of high congestion on the Arbitrum blockchain.
How It Works:
Gas Price Monitoring: The system continuously tracks gas prices on the Arbitrum network.
Stable Gas Fee: Under normal conditions, the gas fee is maintained at approximately 0.0000016 ETH.
Transaction Blocking: If gas prices exceed the threshold (e.g., 0.000012 ETH), transactions are automatically blocked, and users are notified.
Temporary Claim Restrictions: During high gas price periods, GEM token claims are temporarily paused to protect users from excessive costs.
Retry Option: Users can retry their claims once gas prices return to a stable range.
This mechanism ensures users avoid unnecessary expenses, making the process of claiming GEM tokens cost-effective and efficient.
To help users monitor gas prices and network conditions, the KeepGem includes a Network Gas Indicator on the mining page. This tool provides a visual representation of current gas prices using a simple color-coded system:
Green Indicator (🟢): Accompanied by the word "Stable," this means gas prices are within an acceptable range for transactions.
Red Indicator (🔴): Accompanied by the word "High," this signifies elevated gas prices due to network congestion, and the protective mechanism for high fees is activated.
The indicator updates every 60 seconds, ensuring users receive real-time data about network conditions. This feature allows users to make informed decisions and manage their mining activities effectively, avoiding transactions during high gas price periods.
Free gas rewards in KeepGem are specifically designed for mining GEM tokens. While transactions still require gas, the associated costs are covered by the project, ensuring users can mint GEM tokens without incurring personal expenses.
This mechanism enables users to claim their mined tokens seamlessly and encourages continued engagement with the KeepGem ecosystem. By providing free gas rewards, the project reduces financial barriers, allowing users to participate in mining without worrying about transaction fees.
To mint GEM tokens, users must click the "Claim" button, which initiates a transaction on the Arbitrum blockchain. This transaction requires a network gas fee and an ecosystem support fee of 0.000004 ETH. The gas fee is crucial for the blockchain's operation, while the additional minor fee supports the continued functionality and development of the KeepGem ecosystem.
The free gas feature in the KeepGem ecosystem enhances the mining experience by reducing transaction costs and ensuring accessibility. Combined with the protective gas fee mechanism, it allows users to participate in mining activities seamlessly, without financial concerns. This approach supports active engagement within the ecosystem and fosters a more inclusive and user-friendly environment for all participants.
