Prepare to Drastically Slice Transaction Charges

Interesting news from TON blockchain builders! They have just announced a substantial 2.5-fold reduction in transaction fees within the community.

The staff shared that the transaction expenses will now differ dependent on the price of the native token in pounds. For the to start with Jettons transaction at a price tag of 1 Toncoin (TON), the price will be around $.06, and for subsequent transactions, it will only be $.04.

Starting up from April 16, transactions involving USDT will take pleasure in a specific discounted of .02 TON instead of the previous .032 TON for the very first transaction, and .0145 TON for subsequent ones.

In the impending node update, developers are preparing to allow pre-compiled wise contracts.

“This update means that the most common wise contracts, coded in C++, will be specifically bundled in the node without having needing TVM execution. This improve will reduced resource utilization and in the long run lower the connected agreement expenses.”
TON announcement

Subsequent this announcement, the selling price of TON observed a 2.4% dip, resting at $5.55 presently. Inspite of achieving an all-time significant of $7.65 on April 11, Toncoin has been going through a downward pattern.

Regardless of the latest bulletins by Telegram founder Pavel Durov at the Token2049 meeting in Dubai, TON has witnessed a 10% decrease in price over the past week. On top of that, information of TON blockchain’s aid for the USDT stablecoin has been spreading.

Rumors surfaced on April 16 about the TON crew organizing to slash consumer transaction expenses. This year, TON is anticipated to introduce gas-free transactions, roll out Wallet 5. updates, and create progressive Teleport cross-chain engineering.