Gas-fees:
To perform any action on a blockchain, such as executing smart contracts, buying tokens or NFTs, or making token transactions, additional computational power is needed to complete the task.
Validators of a blockchain network are a distributed group of people who use a specialized program to verify transactions. They buy, operate, and maintain their own equipment to ensure the network's security and accuracy.
Gas fees are necessary to transfer value on the blockchain network. They provide an incentive for validators to process transactions accurately and maintain the security of the ledger.
The cost for gas fees depends on the principle of supply and demand in economics. When it comes to a blockchain, the supply refers to the overall computing power of the validators on the network, and the demand refers to the total computing power needed to process the transactions submitted by network users.
The cost of gas (fees) fluctuates based on the current demand on the network and can change unexpectedly while in use.
When using the Tokiphy Wallet, the user is responsible for paying gas fees for any NFT token asset transaction. LarsLabs only serves as a service provider to initiate NFT token transactions from the Tokiphy Wallet to a user's wallet.
To make things easier, you can purchase here pre-paid credits for gas fees.
We calculate the necessary gas fees for an NFT token transaction and display it to the user before initiating the transaction. If the required gas fee is less than the available gas credit, the transaction can be executed.
You won't be able to initiate a NFT token transaction if the gas credits on your Tokiphy Card are not enough to cover the required gas fees or the NFT minting contract's code is not compatible with EIP-712 to enable it to accept forwarded transactions.
As previously stated, gas fees fluctuate based on supply and demand. During peak periods, gas fees increase significantly. It may be wise for the user to delay the transaction until a later time when gas fees are expected to be lower.
The user can export the Tokiphy Wallet and import it into a custom wallet such as Metamask. This allows the user to manage their own gas fees and initiate token transfers independently.
Please note that the Tokiphy prepaid gas fees are only applicable to NFT contracts that support the EIP-712 standard of meta transactions. If an NFT contract does not support EIP-712, you cannot use the Tokiphy Gas Credit feature for its transfer.
Regarding meta transactions, they refer to a type of blockchain interaction where the initiator is not responsible for paying the gas fee. Even though the initiator starts the transaction, it is not sent from their wallet. Instead, the transaction is sent from the Tokiphy Gas Tank wallet, along with a relay smart contract, on behalf of the initiator.
You can initiate transactions from your wallet without any native tokens by creating a signature that doesn't cost any gas fees. We'll use our pre-funded gas tank to cover the transaction costs and reduce your available gas credits associated with your Tokiphy card.
The NFT minting contract's code must be compatible with EIP-712 to enable it to accept forwarded transactions.
Includes:
- Gas tank credits, various options
New to the Tokiphy Ecosystem? Learn more:
Tokiphy Gas Credits - GAS001
Tokiphy Cards are the perfect companion for any occasion, be it as a gift-card, membership card, access control or even keycards associated with your favorite brand. With their revolutionary and secure token authentication system that promises to provide you with an unprecedented level of speed and safety, Tokiphy allows brands, creators and businesses alike to create amazing real-life experiences unlike anything else available on the market today!
We have a 30-day return policy, which means you have 30 days after receiving your item to request a return. To be eligible for a return, your item must be in the same condition that you received it, unworn or unused, with Tokiphy Cards unused, unclaimed, undamaged security labels and in its original packaging. You’ll also need the receipt or proof of purchase.
https://www.larslabs.io/widerufsbelehrung
Exceptions / non-returnable items
Certain types of items cannot be returned, like personalized or custom made Tokiphy Cards, Brand specific products, sale items or gift cards.
Please further note that the right of withdrawal does not exist or expires prematurely for orders:
For merchandize for which the individual selection or determination by the consumer is significant or which are clearly tailored to the personal needs of the consumer (e.g. custom made Tokiphy Cards, Brand specific products).
For merchandize consisting of media files or computer software or other sealed items, where the seal has been removed by you.
For services which are immediately executed and not returnable due to their nature or where the immediate consumption of the relevant service makes a return useless.