HK2B is issued on the Ethereum blockchain.All on-chain transactions require gas fees to compensate network validators for processing and securing the transaction, this drive the blockchain network infrastructure to provide a secure, transparent and efficient architecture.

Can I pay gas fees with HK2B stablecoin?

Yes, if you like, you can pay gas fee in HK2B, which we will charge a predefined HK2B from you to pay for your ETH gas fee. Here’s how gas fees are handled for different activities:

• For HK2B issuance (Minting HK2B with HKD):
  You receive HK2B into your registered wallet. Wefully covered the gas fee for sending HK2B to you after the issuance request was completed.
  
  
• For HK2B redemption (Converting HK2B back to HKD):
  You can select the option to pay the gas fee in HK2B before you submit your HK2B redemption request to us. The gas fee in the form of HK2B can be deducted from your intended to redeem amount and willbe displayed on our platform before your confirmation.
  
  
• For HK2B transfer (including peer-to-peer transfer or large amount transfer request):
  You can select the option to pay the gas fee in HK2B during the transfer transactions, provided you submit your HK2B transfer request on our platform. The gas fee in the form of HK2B can be deducted from your intended transfer amount and will be displayed on our platform before your confirmation.

How do I paygas fees in ETH?

Your blockchainwallet must be properly connected to the Ethereum network and hold a sufficient balance of ETH (Ethereum’s native token) to cover gas fees where applicable.

Gas fees vary depending on network congestion and transaction complexity, gas fees are determined by the Ethereum network and are not charged by us.

Here’s how gasfees are handled for different activities:

• For HK2B issuance (Minting HK2B with HKD):
  You receive HK2B into your registered wallet. Wefully covered the gas fee for sending HK2B to you after the issuance request was completed.
  
  
• For HK2B redemption (Converting HK2B back toHKD):
  You need to initiate the HK2B transfer from your blockchain wallet to our platform and it will cost you gas fee, it will bepay by deducting the amount of ETH you hold in your blockchain wallet (notdeducting the amount of HK2B) as ETH is the native token in the Ethereum network where we built the HK2B stablecoin. The amount of gas fee in the form of ETH shall be displayed to you by the blockchain wallet software you selected. If you don’t have enough ETH in your blockchain wallet, your transactions will be rejected by the Ethereum network.
  
  
• For HK2B transfer (peer-to-peer transfer):
  If you initiate HK2B transfer from your blockchain wallet to other blockchain wallet you will be required to pay gas fee in ETH by the network (unless you opt for the transfer in our platform and select to pay the gas fee in HK2B). The gas fee will be pay by deducting the amount of ETH you hold in your blockchain wallet (not deducting the amount of HK2B) as ETH is the native token in the Ethereum network where we built the HK2B stablecoin. The amount of gas fee in the form of ETH shall be displayed to you by the blockchain wallet software you selected. If you don’t have enough ETH in your blockchain wallet, your transactions will be rejected by the Ethereum network.
  
  
• For HK2B transfer (large amount transfer request):
  Before you initiate your large amount transfer, you need to login to our platform to submit relevant supporting information to us to get a pre-approved large amount transfer transaction. You have the option to pay the gas fee in HK2B or pay in ETH as in regular HK2B peer-to-peer transfer. Please follow the instructions on our platform to select before you confirm your transactions.