Normal Ethereum transactions cost ETH while Ethereum transactions in MYKEY only cost network fee, and the value is the same.
According to the observation of data, the average frequency of Ethereum transactions in a single account is relatively low, but the cost is still much higher than that of the EOS network. For example, the average consumption of once using DeFi is $0.3-$0.5 network fee. MYKEY Lab provides users with ETH free transaction quotas per month to lower the threshold. Network fee isn't required when using quotas to transfer.
How to get quotas
Please get quotas in App-Tasks, the specific rules are as follows:
Enable Ethereum feature: +1
Exclusive for MYKEY KYC user: +1
Bind MYKEY account in BIHU app: +1
For all users registered before 17:30 Aug 20, 2019: +1
How to free transfer
As shown in the following figure, when sending ETH transactions, a pop-up window of operation details will appear. Click the icon at the bottom right and choose the "slow" level of transfer speed. Free (1/4) is shown on the right, which means that there are 4 free quotas per month and there is currently 1 left. If all 4 free quotas are used up, the "slow" level will show the network fee consumption.
How to restore quota
Quotas are cleared and restored on the 1st of every month (UTC). Unused quotas of last month will not be retained this month.