ETH gas fee touches 100Gwei. FCoin is to blame.
Wondering about the recent ETH network's gas fee surge?
FCoin (A digital asset exchange) is holding a vote for new token listings, and voting is done by transferring a minimum amount of the token to the exchange. Vote is weighed not by total amount/value of tokens, but by how many unique addresses the tokens have been sent from. Unsurprisingly, this has resulted in the heavy congestion we're experiencing now.
"FCoin GPM listing" forces all candidate projects to use massive gas fee to airdrop to FCoin accounts to create a "deposit vote number." Each day top 5 projects gets listed on that exchange based on the cumulative deposit number. Then count from 0 again. The cycle repeats. Talk about unsustainability.
P.S. Those token transfers are using more than 40% of the current Ethereum network's capacity.
if this so we will see new high gas fee
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whats fee
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