Spawning with a nice Whitepaper is always a good thing. I see professionality here and I will follow project and ICO. What about transaction fees?
Thank you, nice to hear.
To send ERC20 tokens you must sign a transaction. A transaction will use a certain amount of gas. Gas is sold at a per unit price.
The formula is TransactionCost = gasUsed * gasPrice;
The gasUsed generally does not change regardless of how many tokens you send. To send 1 token is the same price as to send 100 tokens. The transaction will cost as much gasUsed as the ERC20 contract dictates, the gasPrice will be dictated by the load of the entire ethereum network.
You will have control over the gasPrice however a standard ERC20 token transfer's gasUsed will be "fixed" (or at least out of your control).
Higher gasPrice will mean faster transfers. Use
https://ethgasstation.info/predictionTable.php to estimate transaction confirmation time.
If you are not in a hurry choose a very low gasPrice.
Any unused gas is always refunded as per the etherum specification.
Greetings,
AIOM Team
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