Aligned with the release of RON last January 27,changes were made to the transaction fees in the RON network. This was executed to increase the stability of the Ronin chain. Using RON as a transaction fee will help minimize the chances of dropped or failed transactions in the network.
Updates to Free Transactions in Axie Infinity?
From 100 free transactions daily, each account is now limited to only 20—an amount the team at Axie Infinity deems adequate for Axie owners. When these 20 free transactions are consumed, the succeeding transactions will be paid with RON. This enables a great burning mechanism for the token.
(Read More: Axie Infinity Season 20 Balancing Buffer Period and How to Stake AXS in Axie Infinity Ronin | Philippines Guide)
More good news awaits the other users of the chain: for Axie and Land owners, Sky Mavis has given incentives for holding assets in Axie Infinity. Here are the details:
Free transactions from holding Axies:
- 1 Normal Axie: 3transactions daily
- 1 MEO Axie: 10 transactions daily
- 1 Origin Axie: 100 transactions daily
- 1 Mystic Axie: 500 transactions daily
Free transactions from holding Land:
- 1 Savannah Land: 20 transactions daily
- 1 Forest Land: 60 transactions daily
- 1 Arctic Land: 180 transactions daily
- 1 Mystic Land: 350 transactions daily
How to calculate your free transactions in Axie Infinity?
For each asset you own, you will receive an amount of free transactions based on the list above.
Example:
Wallet ‘X‘ has 3 Normal Axies and 1 Savannah Land.
3 Axies x 3 free transactions = 9 free transactions
1 Savannah land x 20 free transactions = 20 free transactions
That gives us a total of 29 free transactions per day for wallet ‘X’
Note: Your free transactions will reset daily. This means that a previous day’s free transactions will not be added to your current ones, even if they are unused.
You can also modify the gas fee in each transaction but before attempting to do so, please keep these things in mind:
Wait, what is gas price?
Gas Price is the amount of RON you’re willing to pay for each unit of gas.
1 GWEI = 0.000000001 RON
Gas Limit is the maximum units of gas you’re willing to spend. This cannot be changed.
Gas fees are payments made by users to compensate the node validators for the computing energy required to process and validate transactions on the Ronin blockchain.
How to Edit the Gas Fee?
To manually edit the gas fee, you will need to click “EDIT”.
Make sure that “Pay with RON” is selected then click “EDIT PRIORITY”.
You will now be able to modify the gas price (GWEI). You will be able to see the estimated transaction fee below. Once you are done, click “Confirm”.
Note: Make sure that you know how this works before attempting to modify the gas price or else the transaction may fail or the gas fee would be too high.
If you modified the value for Gas Price and did it correctly, the value shown in Transaction Fee should have changed. Make sure to check it before confirming the transaction.
This article is published on BitPinas: Axie Infinity Transaction Fees | How Many Free Transactions in Axie Infinity?
The post Axie Infinity Transaction Fees | How Many Free Transactions in Axie Infinity? appeared first on BitPinas.
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