Gas Fees

What is gas and why do we need to pay it?

Why do I pay gas?

Freee is a portal that creates Ethereum (ETH) blockchain transactions to mint your media token using your connected wallet. Your wallet is used to pay the ETH gas fee.

What is gas?

Gas is essential to the Ethereum network. It is the fuel that allows it to operate in the same way that a car needs gasoline to run. Gas is a fee required to successfully conduct a transaction on the Ethereum blockchain and keeps the network secure.

Do gas fees go to Freee?

No, gas fees do not go to Freee.

Why does gas change?

Gas fluctuates with an increased/decreased demand and the price of ETH. Due to gas price fluctuation, the cost of minting each NFT will differ depending on the transaction type and ETH price. When the networks are experiencing a high volume of transactions, the fee will be higher. Users can wait for the gas price to come down or submit a price they are willing to pay and wait for the transaction to be confirmed; however, if the gas price limit is too low, miners can ignore such transactions.

Learn more about how Gas works here: Gas (Ethereum)

How to track gas prices?

When the ETH network is experiencing a high volume of transactions the gas fee will be higher to keep up with the demand. If you find that gas prices are too high you can track trends and prices here: https://ethereumprice.org/gas