Announcements Gate.io To Slash BRC20 Network Fees

Gate.io To Slash BRC20 Network Fees

2023-05-30 07:03:04 UTC 18065 Read

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We are pleased to inform our users that the BRC20 network fees have recently been significantly reduced. In order to help users save on transaction expenses, we have decided to immediately lower the BRC20 withdrawal fees. That is to say, users will enjoy a lower BRC20 withdrawal fee rate from now on.

Additionally, as a special offer for users who have made BRC20 withdrawals in the past three days, we are providing a withdrawal subsidy. Eligible users can fill out the form provided below within one week to claim a withdrawal subsidy of 40 USDT per account from Gate.io.

[Link to the form] ：https://www.gate.io/questionnaire/3322

Furthermore, to better cater to the varying needs of our users, we plan to implement a dynamic BRC20 withdrawal fee scheme. This means that the withdrawal fees will be adjusted dynamically based on the network’s congestion level. Please note that due to increased processing costs, we recommend performing BRC20 withdrawals when the network is not congested to benefit from lower fee rates.

We are committed to providing better services and hope that these improvements will enhance your overall experience. If you have any questions or feedback, please feel free to reach out to us. Thank you for your understanding and continued support!

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Gate.io Team
May 30，2023

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