Ambire floats Gas Tanks to assist clients to reduce costs
In a press release, Ambire, the first-ever open-source, secure, smart, non-custodial wallet focused on simplicity of use has introduced; the Ambire Gas Tank. Users will be able to save significantly by using this new feature.
The Ambire Gas Tank is a solution that allows users to store their unused gas in a secure, decentralized manner. The stored gas can then be used to cover future fees, meaning users don’t have to pay for every transaction they make.
To use the Ambire Gas Tank, users simply need to connect their wallet to the Ambire dApp. They can then choose to send their gas to the Ambire Gas Tank whenever they make a transaction.
The stored gas can be used to cover future fees, or it can be withdrawn back to the user’s wallet at any time.
Savings and cashback advantage
With this new feature, clients will be able to earn savings and discounts on deal fees. Paid either in ERC-20 tokens or stablecoins with the new functionality.
The Ambire team developed it as part of their vision to make the web3 crypto scene more user-friendly and flexible. This becomes possible because Ambire could be used as a smart wallet.
Ambire is the first multi-currency smart wallet that allows you to store, receive, and transfer not only Ether (ETH) and ERC-20 tokens. But also other popular cryptos such as Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), and Bitcoin Cash (BCH).
Moreover, the team is constantly working on adding new features and integrations to make Ambire even more user-friendly and convenient.
This is the first type of prepayment mechanism
A prepaid mechanism is comparable to the Gas Tank, it only requires a one-time deposit for network fees. The straightforward and user-friendly dedicated page makes depositing and enabling the Ambire Gas Tank quick and easy.
This way, you can avoid having to constantly top up your account with Ether (ETH). Which is needed to cover gas fees when sending tokens or interacting with smart contracts.
The Ambire Gas Tank is a great way to reduce transaction costs and make your experience with the wallet more seamless. Moreover, the team is committed to adding even more value-added features in the future.
Pay fees in USD Coin, Tether and DAI
People who use Ambire Gas Tank can pay network costs in stablecoins such as Tether, USD Coin, DAI, and more. This payment form enables them to save money.
If you use the web3 feature on Ambire Wallet, you can save money on gas fees. This is because you can do multiple operations in a single transaction.
This is a great way to reduce your overall gas fees. And it’s something that the Ambire team is constantly working on improving.
Built on Meta technology
The technology behind the Gas Tank is Meta Transactions. While one person signs these transactions, another pays for them. The second user can’t modify the transaction. The Gas Tank provides support for a variety of tokens on various networks.
The Gas Tank is a great way to reduce the amount of money you spend on gas. This is especially true if you combine it with the batching feature.
When someone makes a deposit, they are paying for fees that they may have to pay in the future. The relayer pays for the gas tokens or ether used in the transactions. This way, users save on unnecessary gas fees and earn cashback.
If you’re looking for a wallet that supports Meta Transactions, we recommend Ambire Wallet. This article explains some of the unique features of Ambire Gas Tank. We welcome your opinions and questions in the comments section.