What is gas?

What is gas?

Our STMX token is built on the Ethereum blockchain which requires a small amount of ETH to pay for transactions. This transaction fee is commonly called "gas" and fluctuates in price depending on how many other Ethereum users are using the network.

Why are the gas fees so high?

When the network is congested with many users sending transactions to each other or executing smart contracts the price can get expensive. Unfortunately, there is nothing we can do about this. The best solution is to wait until gas fees become cheaper. You can check out gas prices here.