TokenPocket Reduces USDT Gaz Fees
On the blockchain, gas fees, which cover the cost of data processing and transaction execution, are a vital part of every transaction. These fees are typically paid using a blockchain’s native currency, in this case the Tron (TRX) token. However, paying these fees with TRX can be challenging for newcomers to copyright due to the high transfer fees and account activation costs, which can add up quickly. To help solve this issue, TokenPocket Wallet introduces a solution that simplifies the process by allowing users to pay network fees with USDT instead of TRX. In addition, TokenPocket also helps reduce the high transfer fees associated with USDT transfers by enabling users to rent energy from its platform directly, which can save up to 75%.
All transactions on the TRON network consume bandwidth points, which are consumed by broadcasting and confirming the transaction. The number of bandwidth points used for a transaction depends on the size of its byte array, with larger transactions consuming more points. Besides, الترون network also needs energy to run smart contracts, which consume a specific amount of energy based on their complexity levels. When the limited daily allocation of bandwidth and energy is exhausted, additional fees must be paid with TRX as per the unit price of 0.00042TRX per energy.
To increase the availability of resources and lower network fees for USDT transfers, TokenPocket enables users to stake or freeze their TRX balance to obtain bandwidth and energy. When freezing their TRX, users can choose whether they want to freeze it for bandwidth or energy, and how long they would like to freeze it. Once the staking period is complete, customers can unfreeze their balance and obtain the frozen resources after 14 days.
In order to receive the rewarded amount for staking, customers can also submit a request for unstaking. To make a request, the customer must provide the "fromAddress" and "toAddress". If the requested address is not a TRON wallet and does not have a free balance of at least 1TRX, the balance will be frozen until it reaches the minimum requirement of 1TRX.
TokenPocket also enables users to pay the USDT-to-TRX conversion fee in its wallet, further reducing the transaction fees associated with USDT transfers on the TRON network. This feature is currently in beta and will be released to the general public soon. For more information about TokenPocket’s upcoming features, please visit its website and follow it on social media.