📖
Launchifi Docs
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  • 📖Launchifi Documentation
  • ⚙️Setup
  • 📄Ultimate Guide for Beginners
    • Smart Contracts Explained
    • What is a Dapp?
    • What is Etherscan?
    • P2P NFT Marketplaces
  • 🚀Getting Started with Launchifi
    • Getting Started!
    • Contracts
  • 🤔How to
    • Connect
    • Choosing the Network Chain You Want to Use
    • Choose your contract
    • Upload to IPFS
    • Copy and Deploy
    • Gas Fees
    • Profile page
    • Contract Manager
  • 📃Contract Types
    • Token Contract
    • Standard NFT Collection
    • Low Gas NFT Collection
    • Fungible NFTs
    • Free Mint NFT Collection
    • English Auction
    • Dutch Auction
    • NFT Staking
    • LP Token
  • ⁉️What to Choose
    • ERC20 vs ERC721
    • ERC721A vs ERC721
    • ERC721 vs ERC1155
    • ERC721i
  • 📃Crowdsale
    • Rate Configuration
    • Distribution
    • Token Emission
    • Validation
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  • What are Gas fees
  • How do I know the current Gas fees
  • What Gas Price is Ideal?

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  1. How to

Gas Fees

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Last updated 2 years ago

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What are Gas fees

Gas fees are the transaction fees that users pay to miners on a blockchain protocol to have their transaction included in the block.

The system works on a standard supply and demand mechanism. If there is more demand for transactions, miners can choose to include the transactions that pay more, compelling users to pay more to have their transactions processed quickly and efficiently.

The fees are changing along the day.

How do I know the current Gas fees

To save some money we included in our website an option to know what are the estimated current fees to help you choose the best time to deploy.

You can see it on the top of our app.

What Gas Price is Ideal?

Honestly, it all depends on when you need something deployed. If you need your smart contract deployed immediately then you really have no choice but to take whatever the gas price is currently at. However, if you have time to deploy and want to wait for an ideal time to deploy, we typically think that anything in the 10 Gwei to 30 Gwei range is considered low gas prices and an ideal time to deploy. If the gas price is gas prices of over 70 Gwei is considered high and a non-ideal time to deploy.

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