Binance will increase the withdrawal fee on the TRON network

According to the Binance announcement, the crypto exchange will increase the commission for the withdrawal of tokens on the TRON network. These changes are due to the fact that the TRON community voted to change the mechanism for calculating transaction fees: it was decided to introduce a Dynamic Energy Model.

The dynamic energy model is a mechanism by which the distribution of energy resources in the blockchain will become more «reasonable» and prevent excessive concentration of network resources on several contracts.

To date, more than 85% of the TRON network's resource consumption is concentrated in just a few contracts and accounts for transactions with low commission costs or even fraudulent ones. Developers believe that this may hinder the growth of the application ecosystem (DApp).

That is, the network bandwidth is limited when it is filled with a large number of such transactions. Therefore, the management of Binance decided to implement a new model that increases the costs for transactions with low fees without affecting other applications.

In connection with the innovation in the TRON blockchain, Binance will increase the commissions for the withdrawal of TRC-20 standard tokens. The cost of withdrawal of USDT, USDC and TUSD stablecoins will increase from 1 to 2.6 USDT, USDC and TUSD, respectively, BUSD stablecoin – from 0.8 to 2.2 BUSD.

The withdrawal fee for the Tron (TRX) coin will be 15 TRX ($0.9) instead of 1 TRX ($0.06). The commission for BitTorrent (BTTC), Just (JST), APENFT (NFT), Sun Token (SUN) and WINkLink (WIN) tokens will be set in these cryptocurrencies equal to 40 TRX ($2.4). At the same time, the actual amount will vary depending on fluctuations in the price of tokens.