It is another milestone for Enno Wallet and its users. All transaction fees may now be paid only with ENNO Cash and all collected fees is going to be double burned weekly.
What is the change in the fees?
Fees may only be paid with ENNO Cash;
0.2 ENNO for Script Invocation (to interact with smart contracts)
for example supply or remove liquidity, stake, unstake, swap transactions
0.04 ENNO for Transfer Transaction (to send assets to other wallets and exchange platforms)
Also, all these fees may change with the volatility of the WAVES coin.
Is it possible to continue to pay the fees with WAVES?
It is not possible to pay fees with WAVES token anymore.
However, you may anytime buy ENNO with your WAVES coins.
May I get more info about ENNO Cash?
Sure! ENNO Cash a.k.a $ENNO is a governance token of Enno Wallet.
We will be happy to tell you more about it. That’s why we have a special section in our website to give all details about ENNO Cash. Click/tap button below to learn more.
How may I buy ENNO Cash?
You may buy ENNO Cash directly in Enno Wallet with the pairs below:
WAVES, USDN, USDT, USDC, EURN, Ethereum, Bitcoin
The best, easy and recommended way to reach and make transactions with $ENNO is using Enno Wallet.
You may also buy ENNO Cash from exchange platforms below:
What is token burn?
“Burning” crypto means permanently removing a number of tokens from circulation. This is typically done by transferring the tokens in question to a burn address, i.e. a wallet from which they cannot ever be retrieved. This is often described as destroying tokens. A project burns its tokens to reduce the overall supply.
What is double burn?
As the Enno Wallet team, we will add double the amount of the ENNO which is collected from the fees. Then we will make the burn transaction. This means, every time, we burn 2X tokens.
Why ENNO Cash will be burned?
This way, the Enno Wallet team will reduce the supply amount of ENNO Cash.
This will cause a positive effect on the token price.
Where I may follow the amount of ENNO Cash burned?
Enno Wallet team will announce the burned amount of Enno Cash on its social media channels and users may follow it also from the Enno Wallet website.
