🏆Earning Bounty (gas fees)
Interacting with the Ethereum network can be expensive in terms of gas fees. Fiorin will reimburse your gas costs!
Why does my Fiorin wallet say +$ bounty?
+$ bounty indicates that you have been credited with Bounty. Bounty is free money you can use to trade on DXS.
Receiving (depositing) USDC, USDT or DAI into Fiorin
Via Ethereum (ERC20)
When sending ERC20 tokens to Fiorin, gas fees are paid by the user's Ethereum wallet (Metamask, Ledger, Coinbase, Binance etc). The gas fees paid on transactions such as these are out of Fiorin's control, however:
Fiorin credits the user with Bounty equal to 200% the gas fees paid on the transaction:
Via Bitcoin SV (STAS)
Receives (deposits) are ALWAYS free!
Sending (withdrawing) USDC, USDT or DAI into Fiorin
Via Ethereum (ERC20)
When sending ERC20 tokens from Fiorin to your external wallet (such as Metamask, Ledger, Coinbase, Binance etc), gas fees are paid by the user's Fiorin wallet. These gas fees are covered by Fiorin by withholding the appropriate amount of USD from the user.
The amount to be withheld is indicated on the send screen of Fiorin:
Fiorin credits the user with Bounty equal to 200% the gas fees paid on the transaction:
Via Bitcoin SV (STAS)
Sends (withdrawals) are ALWAYS free!
I want a more technical explanation!
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