Using USDT as 'Network Fee', No TRX Required
Last updated
Last updated
In the field of decentralized wallets, TokenPocket has introduced a revolutionary solution for TRON users with its latest Energy Rental service. The essence of this service lies in significantly simplifying the TRC20 transfer process on the TRON network, making transfers more convenient and economical. Taking the transfer of USDT as an example, TokenPocket's Energy Rental allows users to pay network fees with USDT, enabling smooth transfers without the need for TRX. This article delves into the comprehensive upgrade of TokenPocket Energy Rental and its significant impact on users, concluding with a tutorial on how to use it.
Paying network fees with USDT: When users need to transfer but don't have enough TRX, they can opt for "Use Energy Rental" to pay the required network fees with USDT.
Account activation: For inactive accounts, TokenPocket can help activate them using USDT, addressing the issue of new accounts being unable to execute transactions.
Reduced network fees: With TokenPocket Energy Rental, users can significantly lower network fees for USDT transfers, saving up to 75% compared to not using TokenPocket Energy Rental.
Solving the lack of TRX: TokenPocket helps users exchange USDT for 20TRX, facilitating future transfers with TRX and experiencing TokenPocket Energy Rental service up to five times (assuming the receiving address has USDT and the payer has enough TRX, with each USDT transfer using TokenPocket Energy Rental costing only 3.6TRX).
One-click operation: The comprehensive upgrade of TokenPocket Energy Rental not only adds new features but also optimizes the operation without increasing steps. The interface design allows users to complete transfers, including Network Fees, account activation, and the transfer itself, with a single click, greatly enhancing the user experience.
For most users, the standard deduction of network fees during TRON transfer operations can be confusing, along with uncertainty on how to reduce network fee consumption. The following sections will provide a detailed overview of TRON transfers, helping to better understand the advantages of TokenPocket Energy Rental.
When conducting transactions on Bitcoin and Ethereum networks, a certain amount of Bitcoin (BTC) or Ethereum（ETH) is required as miners' or network fees, respectively. TRON transfers consume bandwidth and energy, requiring the burning of TRX to acquire additional energy or bandwidth when these are insufficient.
For ease of understanding, we assume the payer's address is activated and has sufficient bandwidth for a USDT transfer on TRON. It's clear from the overview that using TokenPocket Energy Rental not only meets all transfer scenarios but also significantly reduces network fees for transferring USDT.
Specific transfer scenarios illustrate how TokenPocket Energy Rental addresses issues in transferring USDT. When the receiving address holds USDT, and the payer faces multiple challenges such as an inactive account, insufficient TRX for transfers, and a lack of TRX, TokenPocket Energy Rental provides a one-stop solution. This innovative service allows users to overcome these challenges by
If the payer's account is not activated: Normally, 1.1 TRX is required to activate the account. Users don't need to seek TRX elsewhere; TokenPocket Energy Rental allows direct payment of activation fees with USDT. According to the current USDT to TRX exchange rate, this fee only equals $0.12.
If the payer has USDT but not enough TRX, the payer cannot proceed in such cases. However, TokenPocket's comprehensive upgrade introduces an Energy Rental feature that helps users pay for network fees using USDT.
If the Receiving Address has USDT and the payer does not use TokenPocket Energy Rental for the transaction, it is necessary to first withdraw 13.39 TRX ($1.58) to the payer's address to use TRX for the transfer; if the payer uses TokenPocket Energy Rental, only 0.78 USDT ($0.79) is needed for the transfer, saving up to 50%.
If the Receiving Address does not have USDT and the payer does not use TokenPocket Energy Rental for the transaction, it is necessary to first withdraw 27.25 TRX ($3.26) to the payer's address to use TRX for the transfer; if the payer usesTokenPocket Energy Rental, only 1.09 USDT ($1.09) is needed for the transfer, saving up to 66%.
The address lacks TRX: When paying with USDT, TokenPocket helps users exchange USDT for TRX, facilitating future use.
Complex operations: TokenPocket Energy Rental simplifies transfers with a one-click operation. The interface design enables users to complete transfers, including network fees, account activation, and the transfer itself, with a single click, significantly improving the user experience.
First, ensure you have a TRON wallet. If you don't have a TRON wallet, please read the tutorial on creating a TRON wallet.
https://help.tokenpocket.pro/en/wallet-faq-en/tron-wallet/create
Next, we will explain how to use TokenPocket Energy Rental to pay network fees with USDT for a USDT transfer:
Step 1: Click on [Send].
Step 2: Enter the [Receiving Address].
Step 3: Select [USDT].
Step 4: Enter the [Amount].
Step 5: Open the [Energy Rental] button. (set as default for next use)
Step 6: Click [Confirm].
What are TRON Energy and Bandwidth?
TRON's Energy and Bandwidth are resource systems used to process and execute smart contracts and transactions.
Bandwidth: Primarily utilized for ordinary transactions such as transfers, staking, and unlocks. Each account is allocated 600 free bandwidth credits per day.
Energy: Energy represents the processor resources that are consumed during the running of a smart contract. Like bandwidth, it can be obtained by staking TRX, but no free energy is allocated to each account every day.
What is TRON's transfer mechanism?
Transferring TRX only consumes bandwidth, without Energy. A TRX transfer consumes 268 bandwidth; transferring TRC20-USDT incurs a network fee of either 13.74 TRX (about $1.608) or 27.6 TRX (about $3.215). However, if you have sufficient Energy and Bandwidth, it won't burn TRX as a fee but will consume bandwidth and Energy instead. Each USDT transfer consumes 345 bandwidth (the consumed Energy and bandwidth, as well as TRX, fluctuate based on conditions on the TRON blockchain), with two possible scenarios for Energy consumption.
How much TRX can be saved by using TokenPocket Energy Rental?
If your account has sufficient TRX, you can experience TokenPocket's TRON Energy Rental, which greatly saves on fees. A single USDT transfer requires only 3.6 TRX ($0.42), saving up to 75%.
What is the difference in the percentage of network fee savings when paying with different methods using TokenPocket Energy Rental?
From the graph above, it is clear that regardless of whether you choose to use TRX or USDT to pay for network fees on the TRON, paying network fees through TokenPocket Energy Rental will significantly reduce your network fees!
The difference in savings percentages is due to the need for two USDT transactions when paying with USDT:
The first transaction pays for the energy purchased through the Energy Rental.
The second transaction is for the actual USDT transfer you need to conduct.
Can I transfer USDT if my TRON account is newly created and only has USDT?
Yes, in this case, you can still transfer USDT through TokenPocket's Energy Rental Service. In this process, TokenPocket will do the following for your account:
Activate your TRON account.
Exchange 20 TRX for your account.
Purchase enough energy for your account to transfer USDT.
Are there other ways to transfer USDT besides TokenPocket Energy Rental?
TokenPocket has now launched a daily energy subsidy, allowing for USDT transfers on TRON without network fees. A total of 1,000 energy subsidies are available daily on a first-come, first-served basis, with a limit of 15 times per person per month.
How to download TokenPocket?
Please download TokenPocket from the official website:
Official Site 1: https://www.tpwallet.io/
Official Site 2: https://www.tokenpocket.pro/
If you have any questions, you can contact us through the following ways.
TokenPocket Twitter: https://twitter.com/TokenPocket_TP
Chinese Telegram Community: https://t.me/tokenPocket_en
Email: [email protected]