Gasless Transactions Cross-Chain

Assetux Account Abstraction Wallet

AAA Wallet is powered by Particle Network's technology allows users to interact with various blockchain networks and decentralized applications (DApps) directly through Telegram, significantly lowering the entry barriers for users. This bypasses the need for multiple EVM-compatible wallet applications, making DeFi and blockchain interactions more accessible and less daunting.

Why ASX?

Simplified Onboarding: Users benefit from not needing to hold multiple native tokens for gas, significantly reducing costs and complexity. The AAA Wallet leverages ASX tokens to handle these fees across all supported EVM chains.

Smooth Experience: Newcomers to cryptocurrency can navigate DeFi with ease, without the steep learning curve typically associated with blockchain interactions.

Universal Access: Manage all DeFi activities, stake, lend, borrow, mint NFTs and participate in IDOs directly from Telegram across 40+ different blockchain networks.

Fees

The fee calculation for transactions uses ASX to cover both the gas cost and a minuscule percentage of the transaction's value:

ASX Fee = (Gas Used * Gas Price) * 0.1% + Transaction Value * 0.1%

Please refer to Staking for more details.

Example

Here’s the updated example using ASX = $0.0072992700729927 and ETH = $3,500:

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Example: Swapping 1 ETH to USDT on Uniswap (Ethereum Network)

• Gas Required: 210,000 gas units

• Gas Price: 10 Gwei

• ASX Price: $0.0072992700729927 per ASX

• ETH Price: $3,500 per ETH

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1. Gas Fee Calculation:

• Gas used: 210,000 units

• Gas price: 10 Gwei

• Gas fee in ETH: 210,000 * 10 Gwei = 0.0021 ETH

• Gas sponsorship (0.1%): 0.0021 ETH * 0.1% = 0.0000021 ETH

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2. Volume Fee Calculation:

• Swap volume: 1 ETH

• Volume fee rate: 0.1%

• Volume fee: 1 ETH * 0.1% = 0.001 ETH

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3. Total Fee Calculation in ETH:

• Gas fee (ETH): 0.0021 ETH

• Gas sponsorship (ETH): + 0.0000021 ETH

• Volume fee (ETH): + 0.001 ETH

• Total Fee (ETH): 0.0021 ETH + 0.001 ETH + 0.0000021 ETH = 0.0031021 ETH

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4. Total Fee in ASX:

• ETH to USD: 0.0031021 ETH * $3,500 = $10.85735

• USD to ASX: $10.85735 ÷ $0.0072992700729927 = 1,487.62 ASX

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Result:

For this swap, the total fee is 0.0031021 ETH, which equals approximately 1,487.62 ASX.

Using same example with new ASX price and Diamond Staking Tier benefits applied:

Total Fees:

• Volume Fee (0.01% of 1 ETH): 1 ETH * 0.01% = 0.0001 ETH

• Gas Fee (210,000 gas, 10 Gwei): 0.0021 ETH

• Total Fee (ETH): 0.0021 ETH + 0.0001 ETH = 0.0022 ETH

• ETH to USD: 0.0022 ETH * $3,500 = $7.7

• USD to ASX: $7.7 ÷ $0.0072992700729927 = 1,054.79 ASX

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Result:

For this swap, the total fee is approximately 1,054.79 ASX.