Zignaly
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Zignaly

Announcement

🔥Utility update 🔥— ZIG to be charged as standard Gas Fee across Zignaly Vault & ZIGPad! 🚀

The latest utility will help in the rapid adoption of ZIG 💹

Hello Ziggys 👋,

To make life easier for you, we are rolling out the latest utility for ZIG, which allows charging all ‘GAS FEE’ on the Zignaly vault and the upcoming ZIGPad, in ZIG — Be it a reward withdrawal from the vault, new project tokens from the ZIGPAD or ZIG itself, all the GAS FEE will now be charged in ZIG. This is an essential utility that solves two problems for you; you get the full amount of withdrawn tokens at the destination address and no need to maintain balances in different tokens (ETH, BNB, and more) for gas fee payment. 🚀

What is the Gas fee, and why is it charged? 💭

Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions on the blockchain. This is a network fee charged by the facilitators (miners or validators) to keep the network up and running. 👷

Zignaly has already formalized a ZIG gas fee structure, based on the network (it will change in the future based on the network fee and ZIG price); 15 ZIG on BSC, 500 ZIG on ERC20, & 5 ZIG on Polygon. For example, if you decide to withdraw 10 BANANA from the vault, since it’s on the BSC network, you will be charged 15 ZIG in gas fees, and receive a full 10 BANANA at your destination address. 💪

The ZIG Standard Gas Fee utility is LIVE already — and we look forward to your feedback on it, while we work on more exciting things coming your way soon! 🙇

Team Zignaly ❤

Get your ZIG coin on the following exchanges:

  • Gate.io — Click here
  • AscendEX — Click here
  • MEXC — Click here

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