Kinetex Multi-chain Gasless Announcement

Greetings!

Dubai, UAE, 14th November 2023, The Kinetex team is excited to announce the launch of the innovative Kinetex gas solution — Multi-chain Gasless.

Swapping crypto is not easy, and understanding fees and commissions can be a challenge for any user, particularly when it comes to gas fees. Paying gas can often prove to be highly inconvenient and complicated because blockchain technology requires native coins for each chain involved in transactions. As the absence of necessary coins can lead to frozen funds, users must be cautious and keep coins for all blockchains they plan to use. However, keeping track of all blockchains, swap routes, and wallets can be too hard, especially for a user only beginning their journey with crypto.

The process may become even more complicated when there is no direct connection between the two chains. In this case, a user may need native coins for each intermediate step as well.

To make the process easier for Kinetex users, the development team has created their own gasless technology. Multi-chain Gasless eliminates the need to store multiple native coins, making the swapping process more streamlined and effortless.

With Multi-chain Gasless, you can make gas payments with the asset you swap or any other token that supports EIP-2612 (also known as the permit method). This ingenious approach makes interacting with multiple blockchains much smoother and more convenient.

Moreover, Multi-chain Gasless charges no commission, so users only need to pay the gas equivalent required to pay the miners.

The Kinetex team will continue working on Multi-chain Gasless, aiming to enable gas payments with any token across any network in the future.

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