ATM Transfer Feature

Last updated 1 month ago

ATM Transfer Feature

Overview

The ATM Transfers feature within the PettAI wallet system allows players to transfer $AIP tokens seamlessly between each other with zero gas fees. This feature is designed to improve the user experience by making token transfers between players faster and more affordable. Every time a transfer occurs, a small 2% tax is applied, which is automatically reverted back to the community, helping maintain the ecosystem’s growth and stability.

How It Works

In-Game EOA Wallets: When players mint their PettBro, the PettAI wallet system automatically generates an in-game Externally Owned Account (EOA) wallet for them. This wallet is specifically tied to their in-game actions, ensuring a smooth and secure experience.
Transferring $AIP: Players can transfer $AIP tokens to other players within the game using their in-game EOA wallets. The transfer process is instantaneous, and importantly, there are no gas fees associated with the transaction, which makes it cost-effective for users.
Zero Gas Fees: One of the key benefits of this system is that there are no gas fees for players to worry about. This makes in-game transactions smooth and efficient, without the added burden of transaction costs that are common in many blockchain-based systems.

A 2% tax is applied to each transaction, which is automatically redirected back into the community pool to support ongoing initiatives and development within the game ecosystem.

Example

Player A wants to send 100 $AIP to Player B.
After the 2% tax, Player A will effectively send 98 $AIP to Player B.
The 2% tax (2 $AIP) is routed back to the community pool.

This system allows users to interact with one another effortlessly, without worrying about the technical aspects of gas fees, while still supporting the growth of the community.\

Key Benefits

Cost-Free Transactions: No gas fees for $AIP transfers, making it easy and affordable for players to send tokens within the game.
Community Support: The 2% tax automatically contributes to the community pool, reinforcing a collective, self-sustaining ecosystem.
Seamless Integration: Automatically generated in-game wallets ensure a frictionless experience for players from the moment they mint their PettBro.

Last updated 1 month ago

Overview

How It Works

In-Game EOA Wallets: When players mint their PettBro, the PettAI wallet system automatically generates an in-game Externally Owned Account (EOA) wallet for them. This wallet is specifically tied to their in-game actions, ensuring a smooth and secure experience.
Transferring $AIP: Players can transfer $AIP tokens to other players within the game using their in-game EOA wallets. The transfer process is instantaneous, and importantly, there are no gas fees associated with the transaction, which makes it cost-effective for users.
Zero Gas Fees: One of the key benefits of this system is that there are no gas fees for players to worry about. This makes in-game transactions smooth and efficient, without the added burden of transaction costs that are common in many blockchain-based systems.

A 2% tax is applied to each transaction, which is automatically redirected back into the community pool to support ongoing initiatives and development within the game ecosystem.

Example

Player A wants to send 100 $AIP to Player B.
After the 2% tax, Player A will effectively send 98 $AIP to Player B.
The 2% tax (2 $AIP) is routed back to the community pool.

This system allows users to interact with one another effortlessly, without worrying about the technical aspects of gas fees, while still supporting the growth of the community.\

Key Benefits

Cost-Free Transactions: No gas fees for $AIP transfers, making it easy and affordable for players to send tokens within the game.
Community Support: The 2% tax automatically contributes to the community pool, reinforcing a collective, self-sustaining ecosystem.
Seamless Integration: Automatically generated in-game wallets ensure a frictionless experience for players from the moment they mint their PettBro.