On February 6, 2023, the TRON DAO presented a few hours ago its proposal for Vote number 83, where it was proposed to modify certain parameters of the network, including implementing a model of dynamic fees (commissions).
This proposal It was approved by the voters with 22 votes in favor and is now in force.
What does this mean?
This means that, from now on, executing the smart contracts needed to process TRC-20 token transactions on the TRON network consume more energy depending on how used they are.
How does this affect El Dorado?
⚠ This situation with the TRON network does not affect the operations carried out within our P2P market. These will continue to have 0 commissions until April 30, 2023.
For a few months now, we have been offering our users the possibility of making free withdrawals through the TRON network. El Dorado stakes TRX with part of our resources to benefit from a certain amount of free energy per day.
All the energy we receive is reinvested in our customers to reduce the network fees they would have to pay, otherwise.
Available energy is limited and the number of free withdrawals that can be made per day will depend on grid congestion. If it runs out, the cost of the network commission will be added to the withdrawals made from El Dorado to another external wallet.
It is important to note that El Dorado does not charge any commission for withdrawals on any network, only the network commission will be charged, if necessary. In the case of TRON, this amount will not be more than $4.
Why did they decide to increase commissions?
TRON indicates that this change is due to the fact that most of the energy is being consumed by “popular” contracts with low-value transactions, this causes some congestion in the network, which translates into slower operations.
To counteract the situation, network fees will increase for low-value transactions, in order to speed up waiting times more quickly.
What is the solution?
El Dorado seeks to be an economic alternative, where our users can carry out operations at an affordable price. That's why we'll continue to process free withdrawals on the TRON network, as long as we have energy available to cover them!
During periods of high network fees on the Tron network, we recommend that our customers evaluate the option of withdrawing or depositing money in El Dorado through our P2P, using Binance Pay. Until April 30, 2023 Fees in El Dorado P2P will be 0%.
We will continue to evaluate different alternatives that we can implement, in order to offer the lowest possible retirement cost for our users, while ensuring that our operations are sustainable in the long term, so that we can always offer them the best possible service.
