We are pleased to announce further updates to the ArcBridge configuration that will enhance your experience and reduce the cost barriers for transactions between the ArcBlock Chain and Ethereum Chain. These changes are made possible due to the recent network upgrade on the Ethereum network, which has considerably reduced gas fees, coupled with the rising of the ABT token.
Updated Deposit and Withdraw Configuration:
- Minimum Amount for Transactions:
- Deposit and Withdraw: The minimum amount required has been reduced from 300 ABT to 100 ABT, effectively lowering the entry threshold for all users.
- Fee Adjustments:
- Deposit Fees have been halved from 0.1% to 0.05%. For example, the fee for depositing 20,000 ABT has now been reduced from 20 ABT to just 10 ABT.
- Withdraw Fees have been reduced from 1% to 0.5%. Consequently, withdrawing 20,000 ABT now incurs a fee of 100 ABT, down from 200 ABT previously.
- Maximum Fee per Transaction:
- The maximum fee has been adjusted downward from 200 ABT to 100 ABT for both deposits and withdrawals, aligning more closely with the reduced transaction fees without impacting the minimum fee requirements per block (10 ABT).
These enhancements are designed to not only lower the costs associated with using ArcBridge but also to improve overall transaction efficiency and user experience. We are committed to providing a robust platform that meets the needs of our community, and these changes reflect our ongoing efforts to align with user interests and market dynamics.
Following is the config before the change:
And the config after the change:
We encourage all users to take full advantage of the revised fee rates and improved transaction thresholds. Your continued support and feedback are invaluable as we strive to make ArcBridge the most user-friendly and economical bridge between ArcBlock Chain and Ethereum Chain.
Thank you for your continued trust and engagement.