Bitcoin Forum
May 10, 2024, 06:22:46 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How to Make Your ERC20 Token Be Sent With Free Gas Fee?  (Read 144 times)
Bitpie Wallet (OP)
Member
**
Offline Offline

Activity: 157
Merit: 12

Safe&easy multi-blockchain wallet from Bither Team


View Profile WWW
February 27, 2020, 11:03:32 AM
 #1

What is Free-gas-fee Token Sending?
Most of the popular tokens in the market are running on the Ethereum network (ERC20 protocol). Ethereum has a special feature: sending token needs ETH as gas fee.
Consequently, this special (but not so friendly) feature brings some difficulties for ERC20 token holders, especially green hands. To complete a transfer, one must learn what’s the usage of “gas fee”, how to own some ETH and how to set the gas fee while launching a sending. Honestly speaking, that’s tricky and time-consuming. Maybe you have the same annoying experience when you first enter into Ethereum world or as a project founder, get your community fans and investors on board.


Good news!
Now in Bitpie Wallet, any ERC20 Token can be transferred without ETH as gas fee. The sending will only consume the TOKEN as gas fee.
Bitpie Wallet now has made it real that you are free to send erc20 tokens with no ETH in your wallet as gas fee! It’s another technical breakthrough made by Bitpie Team!

2. Who are using this Free-gas-fee Token Sending service now?
Currently, many stable coins like USDT, PAX, USDC, TUSD, USDX, etc. can be sent without ETH as gas fee. This function has greatly reduced the threshold of users and the user numbers of these stable coin projects are also increasing very fast.


3. As a project founder, how can YOU make it happen on your token?
At present, except for the above-mentioned projects, the Free-gas-fee Sending function of other projects are off by default. This function can be turned on after the project team send us an application.

From now on, Bitpie officially opened the application channel of Free-gas-fee Sending.
To apply for this service, please fill in the following information and send it to support@bitpie.com

TOKEN Name:
TOKEN Icon (Png file):
Contract address:
Current price: 1ETH =? TOKEN
Listed exchange:
Contact: (Telegram / Phone)
All messages will be responded.

4. As a project founder, how do you pay for this service?
The standard charge for activating this feature is 50 ETH.
HOWEVER, if you apply now, the first 100 successful projects will get FREE activation rights. Details of the activation will be notified after the application.
Bitpie’s ETH-related Exclusive Features:

Generating 1000 ETH and TOKEN addresses;
Batch Sender (Series transaction) of ETH and TOKEN;
ETH gas fee GAS STATION function;
ERC20 TOKEN sending without ETH as gas fee;
BitHD Hardware Wallet supports multi-signature of ETH and ERC20 TOKENs
1715322166
Hero Member
*
Offline Offline

Posts: 1715322166

View Profile Personal Message (Offline)

Ignore
1715322166
Reply with quote  #2

1715322166
Report to moderator
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Furryball
Member
**
Offline Offline

Activity: 490
Merit: 19


View Profile
February 27, 2020, 11:18:19 AM
 #2

What do you mean by 'the sending will only consume the token as gas fee? I don't like the idea of the token I want to send get split up in two, I would like to know more about this feature in bitpie wallet, if fee is very low it will make sense

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬   DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
GreatArkansas
Legendary
*
Offline Offline

Activity: 2310
Merit: 1345


Buy/Sell crypto at BestChange


View Profile WWW
February 27, 2020, 11:42:43 AM
 #3

How this will work on ethereum? Make transaction without paying some transaction fees (GAS)?
It's kinda impossible, can you more enlighten me? Like maybe there is really fee but you are not the one who paying it? Or like it will not deduct on your Ethereum balance right? So if we want free of charge for GAS fee, we should only send it to restrict addresses like within a channel?

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
ansi
Sr. Member
****
Offline Offline

Activity: 882
Merit: 254



View Profile
February 27, 2020, 12:06:03 PM
 #4

How this will work on ethereum? Make transaction without paying some transaction fees (GAS)?
It's kinda impossible, can you more enlighten me? Like maybe there is really fee but you are not the one who paying it? Or like it will not deduct on your Ethereum balance right? So if we want free of charge for GAS fee, we should only send it to restrict addresses like within a channel?
Was thinking the same way, it's all about MINERS in here (Ethereum or any other blockchain), unless this Bitpie Wallet is 100% CENTRALIZED when people send their tokens to each other or to any other Bitpie Wallet.

Decentralization requires GAS as fees, MINERS consume electricity for that, it can be FREE just like that.
noorman0
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 694


[Nope]No hype delivers more than hope


View Profile WWW
February 27, 2020, 12:48:44 PM
 #5

Basically it's not really free. User Ethereum is stored in Bitpie's main storage wallet like other exchange services.
When a user makes a transfer, the ETH will be sent from the main wallet and still requires ETH for GAS fees. Gas costs will be charged to bitpie. And users must pay with the specified number of tokens to reimburse the GAS fee.

CMIIW Grin

This space for rent.
Available in mid January 2024 - PM me
lobo13hf
Hero Member
*****
Offline Offline

Activity: 2268
Merit: 507



View Profile
February 27, 2020, 03:02:35 PM
 #6

Basically it's not really free. User Ethereum is stored in Bitpie's main storage wallet like other exchange services.
When a user makes a transfer, the ETH will be sent from the main wallet and still requires ETH for GAS fees. Gas costs will be charged to bitpie. And users must pay with the specified number of tokens to reimburse the GAS fee.

CMIIW Grin
This is just a click bait and this service is not 100% working. Just let him to prove a transaction that doesn't require fees and i meant about zero fees without even a single sent that will be mentioned in the tx hash as the transaction fees.  Cheesy



████▄██████████▄
███▄████████████
▄███▀
████
████
████
▀███▄
███▀████████████
████▀██████████▀


▄██████████▄
████████████
███████████▀███▄
████████████████
████████████████
████████████████
▀███▄███████████
████████████████
████▀██████████▀


▄██▄█████████▄██▄
▀████▄█████▄████▀
▀████▄▄████▀
███████████
▄███▀█████▀███▄
█████████████████
█████████████████
█████████████████
▀███████████████▀


▄███████████████▄
█████████████████
████▀███▀██████▀
███████▄█████▀
████▄▄██████████▄
▀▀██████▀███████
▄██████▄███▄████
█████▀██████████
▀██▀███▀████████▀


████▄███████████
████████████████
▄███▀███████████
███████████████
██████████████
████████████████
███████████▄███▀
████████████
▀██████████▀
████████
██
██
██
██
██
██
██
██




██
██
██
██
██

██
██
██
████████
|
.
Listed
on
BINANCE
KUCOIN
Gate.io
|
terizla
Sr. Member
****
Offline Offline

Activity: 555
Merit: 271



View Profile WWW
February 27, 2020, 04:03:47 PM
 #7

I think if you can setting and know about gas fee in MyEtherWallet, you don't need free gas. This was cheap gas fee to send token. You can send under $0.1 if you check eth gas station today.
ATSgrowth
Full Member
***
Offline Offline

Activity: 924
Merit: 106


homt.net


View Profile
February 27, 2020, 06:28:32 PM
 #8

I know that some blockchains like QuarkChain allows to pay fee in tokens not in a native coin, this feature is called multi-native tokens. You send tokens built on QuarkChain to someone and you can pay gas in a token what you are sending.  Smiley

► HOMT ◄ ♦ World’s First Crypto Based Students Rental Platform ♦ ► HOMT ◄
───●●───●●───●●───●●───●●─[   Bounty Detective   ]─●●───●●───●●───●●───●●───
Website|Twitter|Medium|Telegram|Facebook|LinkedIn
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!