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What Does Token Transfer Mean (TokenPocket Transfer Fee)

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What does token transfer mean? Literally, token transfer refers to the process

What Does Token Transfer Mean (TokenPocket Transfer Fee)

What does token transfer mean? Literally, token transfer refers to the process of sending or receiving tokens through a certain method. Simply put, it changes the name of the token to a decimal digit in its corresponding address (for example, the digit “1” represents a string of numbers), and then under certain conditions, that digit is changed to a larger digit (for example, “0” represents two digits). So, what does this type of transfer mean? We can understand it as “transaction”: when someone transfers to an address, it needs to be confirmed with the target address first; but if other situations occur, it can result in losses and delay the entire process by about 15 minutes.

TokenPocket Transfer Fee

The blockchain project TokenPocket announced that the transfer fee at block height 9,300 is 0.0005 ETH. Due to the large number of tokens transferred, the transaction cost is relatively high. Currently, the balance of this address is only about 100 USDT (valued at nearly 10 million US dollars at the time), and the actual holder needs to pay 0.012 ETH as the initial transfer amount. If there is insufficient funds in the user’s wallet in the exchange, it would take 5 working days to successfully complete all business transactions, including transfers or withdrawals.

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