How To Send EQUAL Tokens (EQL)
EQUAL is a self deflationary token by design, resulting in a total supply which is forever in decline. EQUAL achieves this result by creating a burn fee which needs to be factored in to your transfer costs.
EQUAL has a burn fee of 1% of your total transfer amount, with a max burn fee of 250 EQL. This makes small transfer feasible, as you will never pay more than 1% of the total cost of any transfer, even if your sending just 1 EQL. On the other hand the max cap ensures large transfers don’t become too costly.
Fee Example (Small transfer less than 25000)
Transfers smaller than 25000 EQL. Burn fee: 1%
Transfer: 100 EQL
Burn Fee: 1 EQL
Total Balance Required: 101 EQL
Fee Example (Large transfer greater than 25000EQL)
Transfers greater than 25000 EQL. Burn fee of: 250 EQL
Transfer: 41000 EQL
Burn Fee: 250 EQL
Total Balance Required: 41250 EQL
What happens if I don’t factor in the burn cost?
Failing to accomodate for the burn fee will result in a failed transfer. The error provided by Etherscan is:
Warning! Error encountered during contract execution [Bad jump destination]
Fix this by factoring in the correct burn fee, before attempting the transfer