Gasless Transactions Cross-Chain

The Assetux Smart Account, powered by Particle Network's account abstraction 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 Smart Account 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 16 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%

Examples

On Ethereum: For a swap of 1 ETH to USDT on Uniswap, requiring 210,000 gas units, and gas price 10 Gwei:

Gas Fee: 0.0021 ETH * 0.1% = 0.0000021 ETH
Volume Fee: 1 ETH * 0.1% = 0.001 ETH
Total Fee: 0.0021 ETH + 0.001 ETH + 0.0000021 ETH = 0.0031021 ETH
Total Fee in ASX: 7755.25 ASX (considering $0.001/ASX and $2500/ETH)

Using same example with 10x from ASX TGE price and Partner Staking Tier:

Gas Fee: 0.0021 ETH * 0.01% = 0.00000021 ETH
Volume Fee: 1 ETH * 0.01% = 0.0001 ETH
Total Fee: 0.0021 ETH + 0.0001 ETH + 0.00000021 ETH = 0.00220021 ETH
Total Fee in ASX: 550.0525 ASX (considering $0.01/ASX and $2500/ETH)