🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
Why Do We Actually Pay Gas Fees on Blockchain?
Every time you transfer crypto, you’re paying “miners” or “validators” to process your transaction. Sounds annoying, but there’s solid logic behind it.
The Real Reason: Stop the Spam
Without fees, malicious actors could spam the network non-stop—transferring 0.000001 BTC millions of times, tanking network performance for everyone else. Fees act as a barrier: now it costs money to be a dick, so most people aren’t.
Miners Gotta Eat Too
Someone has to verify your transaction, bundle it into a block, and keep the whole system running. Gas fees are how they get paid. No fees = no incentive = network dies.
How It Actually Works
Bitcoin: Fee = Transaction Size (in bytes) × Miner Rate
Ethereum: Fee = Gas Used × (Base Fee + Priority Tip)
The Bottom Line
Gas fees aren’t just random charges—they’re the price of keeping crypto networks secure and spam-free. Different chains, different fee structures. Check before you send.