β½Gas-Free Transactions
Overview
The KeepGem Wallet provides an innovative approach to managing gas fees associated with transactions on the Arbitrum blockchain. To support users and encourage active participation, the wallet offers opportunities to earn free gas through various activities and rewards, thereby minimizing transaction costs and enhancing user experience.
Earning Free Gas
Missions: Users can complete tasks such as subscribing to social media channels, topping up the wallet, or using the SWAP feature. These activities reward users with free gas, enabling them to participate in mining activities without incurring personal expenses for network transactions.
Daily Reward: Users receive a daily login bonus in the form of tokens, free gas, and other valuable rewards, encouraging regular engagement with the KeepGem Wallet ecosystem.
π‘ Free Gas Protection Mechanism
KeepGem Wallet includes a protective mechanism to prevent excessive spending on network gas fees during periods of blockchain congestion.
Hereβs how it works:
Gas Price Monitoring: The system constantly monitors Arbitrum network gas prices.
Stable Gas Fee: Under normal network conditions, the gas fee is approximately 0.0000016 ETH.
Transaction Rejection: If the gas price spikes significantly, up to 0.000012 ETH, the transaction is automatically rejected, and the user receives an error notification.
Claim Restrictions: During these high gas price periods, users will be unable to claim GEM tokens as this action initiates a network transaction. This restriction is enforced during the active phase of the protection mechanism to prevent excessive costs.
Retry Option: Once the network stabilizes and gas prices drop, users can retry their transactions.
This mechanism ensures users avoid overpaying for gas, optimizing the cost-effectiveness of claiming GEM tokens.
β Network Gas Indicator
To keep users informed about current gas prices and network conditions, the KeepGem Wallet includes a network gas indicator on the mining page. This indicator provides a clear visual representation of network gas prices using a color-coded system:
Green Indicator (π’): Accompanied by the word "Stable" this shows that the gas price is within the stable range.
Red Indicator (π΄): Accompanied by the word "High" this signifies a spike in gas prices due to network congestion and that the protection against excessive gas fees has been activated.
Next to the "Network Gas" indicator, there is a refresh timer set to 30 seconds, indicating that network data is updated every 30 seconds. This feature ensures users are always aware of the current network conditions and can make informed decisions about their transactions.
How Free Gas Works
When a user earns free gas through missions, daily rewards, or other activities, the transaction fees are covered by the project developers. This means that while gas is still required for the transaction, its cost is absorbed by the project, allowing users to mint tokens without incurring personal expenses. This support mechanism ensures that users can claim their mined GEM tokens seamlessly and encourages ongoing engagement with the KeepGem ecosystem.
Free gas not only reduces the financial burden on users but also highlights the project's commitment to making cryptocurrency interactions more accessible and user-friendly. By utilizing rewards in the form of free gas, users can maximize their earnings and participate more actively in the ecosystem without worrying about transaction costs.
Claiming Tokens
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.
Conclusion
The free gas feature within the KeepGem Wallet ecosystem significantly enhances the user experience by reducing transaction costs and making the process more accessible. This innovation, coupled with the protective gas fee mechanism, ensures that users can engage with the platform effectively, maximizing their mining activities and overall participation in the KeepGem community.
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