❓FAQ
What is RELIEF?
Relief is an innovative Ethereum-based project that heralds the introduction of the ERC-314A standard. As a forward-thinking initiative, it aims to substantially reduce Ethereum's transaction fees, making the network more accessible to a wider audience. Relief embodies our commitment to pushing the boundaries of what's possible on Ethereum, ensuring that the network's benefits can be enjoyed by users with various financial capacities.
What distinguishes ERC-314A from ERC-314?
The ERC-314A standard is an evolution of ERC-314, offering enhanced features that further simplify Ethereum transactions. Key improvements include optimized gas efficiency, more streamlined transaction processes, and advanced security measures. These enhancements are designed to reduce transaction fees significantly while maintaining high transaction speeds and reliability.
How does ERC-314A work?
ERC-314A operates by minimizing the complexity of Ethereum transactions. Unlike traditional transactions that may require wrapped Ethereum (WETH) or interaction with decentralized exchanges (DEXs) for token approval and liquidity pool creation, ERC-314A transactions are direct and straightforward. Users can deposit Ethereum and other tokens into a liquidity pool through a smart contract without the need for preliminary approvals. Trading then becomes a simple process of sending tokens to the contract or using a swap function, without the typical concerns about price slippage or miner extractable value (MEV).
Why should developers choose RELIEF for launching tokens?
Relief, through its ERC-314A standard, presents a game-changing opportunity for developers looking to launch their tokens on the Ethereum network. The reduced transaction fees and simplified process not only make it more appealing to users but also encourage broader adoption and liquidity. This environment fosters a more vibrant ecosystem, where developers can more effectively reach their target audience and users can engage in transactions without prohibitive costs.
How much does it cost to deploy a token using the future factory?
Deploying a token with our upcoming factory, designed to support the ERC-314A standard, requires an initial investment of 0.05 ETH. Additionally, a nominal fee of 0.1% is applied to each transaction involving the deployed contract. These fees support the continuous development of the Relief ecosystem, including buyback and burn mechanisms for $RELF tokens, contributing to the token's value and stability.
Can ERC-314A save me money on transactions?
Yes, ERC-314A can significantly reduce transaction costs on the Ethereum network. Initial purchases of ERC-314A tokens are approximately half as costly as traditional swaps. Subsequent transactions are about four times cheaper than their ERC-20 counterparts, making both the purchase and sale of ERC-314A tokens more economical. This efficiency is achieved without compromising on the speed or security of transactions.
Are there any important considerations I should be aware of when using ERC-314A?
While ERC-314A offers considerable advantages, it's crucial to understand that the specific savings on transaction costs may vary based on additional token features, such as taxes or burn mechanisms. We recommend reading our Disclaimer page for a comprehensive overview of these considerations to ensure you're fully informed about the nuances of trading with ERC-314A.
How can I start trading with ERC-314A tokens?
Getting started is straightforward. You can either send ETH directly to our contract address for an automatic exchange to ERC-314A tokens or use the integrated swap feature in our decentralized application (dApp) for a more traditional trading experience. Our platform is designed to be intuitive and user-friendly, ensuring a smooth transition for users familiar with other swap platforms.
⚠️ Important Considerations:
Keep in mind, our cost-saving estimates compare ERC-314A with traditional ERC-20 tokens, which don't include additional features that might increase gas costs, like taxes or burn mechanisms. Therefore, swapping with ERC-314A could potentially save you even more—or slightly less—depending on these factors.
What to watch out for?
Please make sure to read our Disclaimer page for important details and considerations.
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