When you make a purchase on SYKY, the transaction is processed on one of the blockchains we use (Ethereum, Base, or Polygon). Blockchain networks require gas fees to cover the cost of processing and validating these transactions.
Here’s a quick breakdown of how it works:
- What is a gas fee? Gas fees are payments made to network validators (miners or nodes) to ensure that your transaction is securely completed and recorded.
- Who charges the fee? The fee is not charged by SYKY. It’s a standard cost imposed by the Ethereum blockchain and is paid directly to the network.
- Why does the fee vary? Gas fees fluctuate based on network activity. During peak times with high transaction volumes, fees can be higher, while they decrease when activity slows down.
This system helps maintain the integrity and security of blockchain transactions, ensuring you own a unique, verifiable piece of digital fashion.