Babel fees on the Ergo blockchain allow users to pay for transactions without using $ERG. To use Babel fees, users must connect a compatible ErgoPay wallet, create a new Babel fee box, select a token from the drop-down box or enter their own ID, and enter the rate or number of $ERG per token as a decimal. Users can also enter the amount of $ERG they are willing to buy at that rate. Babel fees increase efficiency for transactions on the Ergo network.

(re @HQ3rr : Can someone explain to a normie how bablefees ...) I still can't to be honest, confuses me a lot

I've tried quite a bit to understand how it technically works but it's over my head

@MrStahlfelge help us out @nemo429

@glasgowm the doc master

Hey, Not yet! Ergo will come first, then it's token time 🙂 Oh and thank you for the tokens!

Want to sell ERG at 1.5$ Only big volume possible Buyer can choose escrow Only for btc

(re @HQ3rr : Can someone explain to a normie how bablefees ...) there are babel fee boxes with erg in them and some parameters. anyone can use these babel fee boxes when building a transaction. The babel fee box pays the miner fee in return for a certain amount of tokens according to the parameters

(re @seedubya : If you're from an exchange, I would say you're...) Can I dm you regarding this

👍👍

(re @LuivatraEP : there are babel fee boxes with erg in them and...) Question, advantages of creating bablefeesbox and disadvantages

Ones the box is created , let's suppose , I want to creat paideia bablefees box

so normal tx: [user utxo: 1 erg + 2 tokens] -> [other user utxo: 0.001 erg + 1 token] [miner utxo: 0.001 erg] [change utxo: 0.998 erg, 1 token] babel fee tx: [user utxo: 1 erg + 2 tokens] [babel utxo: 1 erg] -> [other user utxo: 0.001 erg + 1 token] [babel utxo: 0.998 erg, 1 token] [miner utxo: 0.001 erg] [change utxo: 1 erg]

token and erg amounts can be different of course

(re @HQ3rr : Question, advantages of creating bablefeesbox ...) advantage: you can buy a token at a lower price than market price disadvantage: noone might use your box

(re @LuivatraEP : advantage: you can buy a token at a lower pric...) "None might use your box...." Snigger....

(re @FlyingPig_69 : *"None might use your box...." Snigger....*) Wen short video on bablefees ser?

With piggies?

(re @LuivatraEP : *so normal tx: [user utxo: 1 erg + 2 tokens] ->...*) I can understand,let's see how we can explain that to normies

(re @HQ3rr : Wen short video on bablefees ser?) When I'm back from holiday maybe :).

which side do you want to explain to normies, creating babel boxes or using them?

(re @LuivatraEP : which side do you want to explain to normies, ...) I would argue using them is more important at this point.

(re @LuivatraEP : which side do you want to explain to normies, ...) Both, I would say, now that we are talking about it.

think the "using" side should be as simple as: select it in your wallet, no need to explain all the details there, just a "warning" that they need to keep an eye on how much they are paying for a tx

Normies aren't going to be creating babel boxes.

And even the people creating them, how often do you do it? It's been months since I've done it.

Soo,explain to me sir... I have 1 erg, 10000 comet and I want to put half of my erg and full comet into a bable fees to be able to pay with comet , like this?

we need some tool to automate babel creation/spending

so some boxes with like 10% price deviation are always available