In KleverChain, the Fee Pool mechanism allows token creators to enable their users to pay network transaction fees using the creators’ own tokens instead of the native KLV token. This is achieved through the KDA Fee Pool, which facilitates the conversion of these tokens into KLV within the pool, streamlining transactions and enhancing user experience.
For Token Holders:
As a token holder, you can benefit from the KDA Fee Pool by paying transaction fees with the specific token, provided the token creator has set up and funded the pool. To do this, you need to enable the KDA payment option within your wallet application. Once activated, all your transaction fees will be automatically converted from your token to KLV within the KDA Fee Pool at the rate specified by the token issuer. If your token balance is insufficient, the fees will revert to being charged in KLV.
For a visual walkthrough on setting up and using the KDA Fee Pool, you can refer to the following tutorial:
For example, you can view a sample pool created for the KONG-LGAJ token with complete details: