Announcement on Adjusting USDT Transfer Fee in ThunderCore’s Ecological Applications
Tags: Crypto, Thunder Updates, Thunder Announcement, Usdt, Thundercore

Announcement on Adjusting USDT Transfer Fee in ThunderCore’s Ecological Applications ThunderCore Follow Sep 2 · 3 min read

Dear Users,

In the past one year since ThunderCore opened cross-chain asset transfer service, ThunderCore’s ecological users are increasingly active, and transfers of digital assets are gradually increasing. As Ethereum network becomes increasingly congested and GAS cost continuously hits record highs, the GAS cost of ThunderCore cross-chain transfer service keeps rising as a result. We hereby decide to adjust the minimum amount of USDT and TT-USDT cross-chain transfers in ThunderCore’s ecological applications like ThunderCore Hub (excluding transfers inside ThunderCore).

At present, all users still enjoy GAS fee subsidies for cross-chain transfer service. However, in order to ensure the smooth transfer of users’ digital assets, we will temporarily raise the USDT transfer threshold to give priority to those big amount users with urgent asset transfer needs. The specific rules are as follows:

From 2020/9/3 14:00 (UTC+8) to 2020/9/8, the minimum amount of transfer out will be adjusted to 100 USDT, and the transfers will continue to be exempted from GAS service charge; At 2020/9/8 14:00 (UTC+8), the minimum amount of transfer out will be recovered to 10 USDT; at the same time, cross-chain asset transfers will no longer enjoy exemption from GAS fees, and the fixed transfer fee will be 5 USDT/transfer; All asset transfers into ThunderCore are free of charge.

ThunderCore announced the opening of ThunderCore stablecoins in August 2019, successfully building a bridge across chains and allowing other chain assets to be created and used on ThunderCore. That helps the industry break barriers among public chains and makes it possible and efficient the scalability and connectivity of blockchain. The first assets supported by ThunderCore are MakerDao’s DAI and Tether’s USDT.

Holding of the stablecoin “TT-USDT” can help development teams deploy applications on ThunderCore, enjoy more efficient performance of ThunderCore, and integrate the characteristics of these assets. For instance, the cross-chain asset TT-USDT can endow USDT with seconds-level TT confirmation, high TPS (up to 4,000 times/S) and other characteristics, so that both parties of transaction wait for no time.

ThunderCore’s cross-chain asset technology can be used to import and use assets on Ethereum, such as ETH chain assets represented by TT-USDT. This will allow ThunderCore users and developers to take advantage of diversified public chain asset ecosystems, and will also help to share resources and attract more users from huge communities of other public chains.

Nowadays, the most popular ThunderCore cross-chain asset is TT-USDT — many communities around the world are actively promoting it, and many project applications are steadily completing TT-USDT implantation. For example, wallets like ThunderCore Hub and Trust Wallet can already support TT-USDT deposit and transfer; TT-Swap can provide direct conversion between TT and TT-USDT.

ThunderCore team

2020/9/2

T.me/thundercore_china

T.me/thunder_official

[ Reddit ] Reddit.com/r/thunder_official/

[ Medium ] Medium.com/thundercore

[ Twitter ] Twitter.com/ThunderProtocol

[ Linkedin ] Linkedin.com/company/thundercore