📈If you have dealt with blockchain networks earlier, you must have heard about gas fees. From token swaps, minting NFTs, or simply crypto transfers, when it comes to blockchain, you cannot run from these fees. 😭

But what are gas fees, and why are they here to stay? 🤔Most importantly, how does TradeSta fix change the way we see and deal with these so-called gas fees? Let us dive in.

What Are Gas ⛽️ Fees?

  Gas fees are the transaction fees applied on blockchain networks. They are the cost of performing a transaction or executing a contract on the blockchain. The term "gas" is originated from Ethereum, but this general concept applies for most blockchain networks. These are measured by the native currency of that network. For instance:  

• Ethereum network : Ethereum (ETH)
• BNB Chain: BNB

It pays the validators or miners for the computational resources required to process and secure the transactions over the network. Think of it as the toll one pays to have their transaction go through. 🌉

Why Do Gas Fees Exist?

Gas fees have a number of important purposes:

• Incentivizing Validators: Validators, otherwise known as miners, use computational power to secure the network and validate transactions. The gas fees reward them for this work, ensuring the network stays up and secure.
• Spam Prevention: Gas fees help prevent the network from spamming meaningless or malicious transactions by assigning some cost to each transaction. It helps in keeping the efficiency and integrity of the blockchain intact.
• Transaction Prioritization: Gas fees allow users to prioritize their transactions. The more gas fees one pays, the faster one's transaction is likely to be processed, especially when the network is facing congestion.

While gas fees are essential to blockchain functionality, they can also be a significant pain point for users. Fees can skyrocket during times of network congestion, making transactions prohibitively expensive.

The Challenge of Gas Fees for Crypto Users ☠️

High gas fees have long been a barrier to entry for new crypto users and a source of frustration for seasoned traders. Whether you’re swapping tokens or transferring assets, unpredictable and costly fees can disrupt your trading experience.

How TradeSta Innovates with Gas-Free Trading

TradeSta is offering a solution to the gas fee conundrum. Here’s how...

TradeSta allows performing swaps without native gas tokens in the user's wallet balance. Instead of holding ETH or BNB and any other native assets in their wallet to cover gas for each trade, TradeSta deducts it from the token being received.  

Why It Matters...

  Ease of Experience for Users: One does not need to hold so many tokens anymore, just for covering gas when this or that chain requires it-a very smooth, beginner-friendly experience.   Cost Efficiency: TradeSta minimizes the cost of making transactions for its users through its unique infrastructure.

How TradeSta Achieves This 💚

TradeSta's infrastructure leverages batching and optimization techniques to minimize the gas fee at the network level. They can save on gas cost by bundling numerous transactions into one operation and pass these savings on to their users.

TradeSta and the Future of Crypto Trading 📈

By not requiring the user to hold native gas tokens and reducing transaction costs, TradeSta democratizes cryptocurrency trading. Whether you are a professional trader or just starting your journey, this innovation removes one of the major barriers in your way to let you focus on what really matters:   Empowering Your Wealth.   Cryptocurrency trading has become increasingly modernized; TradeSta is among those leading that charge. With their innovative approach to gas fees, they are pioneering a more inclusive and affordable trading ecosystem.  

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