Fee policy Updated on: 02/26/2023
Why do you need a Withdraw fee?
The network is informed when we initiate a transaction, the miners gather and bundle
the production blocks, and the transaction is only recognized once the block has been
produced. Although the miners will get a fixed monetary reward after digging into the
block, according to the rules, the reward will be halved and may eventually be negligible
that the miners may not be profitable.
What does the Withdraw fee do?
1. Inspire mining among miners
2. Prevent the network from being overloaded from excessive small transactions. The
P2P network limits the capacity for transaction processing. The network could get
congested if there are constantly minor transactions, which would cause delays or even
stagnation.
How much is the Withdraw fee?
Since the transaction involves a two-way charge, the platform requires at least a $1
Withdraw fee for each digital currency sold.
