Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue
by
EmmaWu
on 01/03/2021, 06:54:17 UTC

The more exchanges, the more traders and the greater the trading volume. Does Bitgesel have any partnerships or supporters? Currently coins that use their own blockchain have great potential for growth. How much is the transaction fee for each BGL transfer from one wallet to another?

The standard tx fee is at 20BGL!
So, for one transaction we need 20 BGL as a transaction fee. If calculated, the transaction fee is 20 x $ 0.02 USDT = $ 0.4 USDT. for now it is cheap, but if the price of BGL increases to $ 1 USD, the transaction fees will be very high, I hope you prepare a solution before this happens.

The tx fee is measured in 10^-6 BGL per tx vbyte
For example, simple transfer like this https://bgl.bitaps.com/bcc441fc45be740e2280df899c6b0eca4f0febef47902249a197af87e6acda14
is 0.00005000BGL because there is not much competition for the block.

If you withdraw BGL from HotBit exchange, 20 BGL is their service fee, it's not a transaction fee.

We have the ability to create lightning network like BTC does if the price goes high and transactions become expensive.