How much gas Do I pay and transfer ETH to join EAP ICO?
How much gas Do I pay and transfer ETH to join EAP ICO?
Gwei is required when any smart contract is created on the ETH Network. It is best explained as a transaction or processing fee for validating the smart contract. This gas price does fluctuate on a daily (and even hourly) basis depending on how busy the Ethereum network is.
Considering the amount of ERC-20 tokens out there, there’s a lot of traffic in terms of Smart Contracts being sent out and validated by the network. More congestion means more processing for the ETH network, hence the increase in transaction fees (a.k.a. Gas and Gwei).
When you hear the term gas, is usually refers to the gas limit, while Gwei refers to the gas price in a unique unit of measurement (1 Gwei = 0.000000001 ETH). Together, these two values help you determine the cost of transaction, which is referred to as Tx.
The gas limit is the volume of gas required, while Gwei is the price for each unit. Depending on the token and network activity, the amount of each required may vary. MyEtherWallet has a great analogy on their helpful guide explaining how gas works:
You can think of the gas limit like the amount of liters/gallons/units of gas for a car. You can think of the gas price as the cost of that liter/gallon/unit of gas.
When you send to ETH to join ICO, 60,000 Gas is enough for sending.
[EAP team recommend between 60,000 and 100,000 Gas]
It is also a good idea to check the gas price before sending it out.
Use this website : https://ethgasstation.info/
Please check ETH Gas Station for the most up date price. Last few week, ETH gas prices were inflated drastically. Because of some airdrop. If you have any problem for send ETH, please ask us.