Home > NEWS > Binance Raises Withdrawal Fees For Crypto Assets On Tron Network, Crypto Twitter Reacts

Binance Raises Withdrawal Fees For Crypto Assets On Tron Network, Crypto Twitter Reacts

Binance announced changes to withdrawal fees for all major cryptocurrencies on the Tron (TRX) network as per Proposal 83.

Log in to password trading center Binance on Friday to increase withdrawal fees for all key digital currencies on the Tron (TRX) network.

Prior to this, the Tron community has passed proposal 83 to change the standard system of electricity and energy charges in the intelligent contract.To aDynamic kinetic energy solid model.

Binance adjusts TRON network withdrawal fee

According to the official news on Feb. 10, Binance will adjust the withdrawal fee on the Tron (TRX) network according to the proposal No. 83 applied by the district last month.

In accordance with proposal 83, a dynamic regulation system for electric energy in the contract is introduced on the Tron network to balance the energy allocation in the middle of the contract. The energy consumption of the contract will be adjusted dynamically according to the use of network resources.

At present, 85% of the CPU implementation time of TRON network is concentrated in many contracts, some of which are low-value or even fraudulent contracts. Therefore, the dynamic kinetic entity model enhances the transaction costs of low-value and fraudulent transactions, and does not affect other Dapp.

USDT, USDC and TU.S. The cost of withdrawing cash in a stable currency has more than doubled to $2.6. However, the Australian dollar is stable against the US dollar and the current withdrawal fee is 2.2, compared with 0.8 Australian dollars before the adjustment.

TRX cash withdrawal fee increased from 1 TRX to 15 TRX. In addition, other login password properties in the TRON network, such as BTTC, JST, NFT, SUN and WIN, cost the same as 40TRX.

Will this affect the trading volume of TRON tokens?

The increase of cash withdrawal cost in TRON network may do harm to the transaction volume of login password and dynamic password in TRON to a great extent. This may also have an impact on the market. Crypto Twitter is disappointed that Tron is not so much about withdrawing fees and creating an overall goal of putting the cart before the horse.

The transaction price is currently $0.06308, down more than 3% in the past 24 hours.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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