The Gas Wallet is a dedicated wallet within the 8Pay ecosystem specifically designed to cover network fees required for utilizing 8Pay's advanced features such as Scheduled Payments and Autobiller. To ensure seamless transaction processing, the Gas Wallet needs to be funded with 8PAY Tokens, which will be used to pay the necessary fees (8Pay fee + blockchain fee).
Users have the flexibility to withdraw their deposited tokens from the Gas Wallet or deposit additional tokens as needed. However, it's important to note that there is a 24-hour timelock period after a withdrawal request, ensuring the security and integrity of the system.
By providing a separate wallet for gas fees, 8Pay streamlines the payment process and simplifies the management of network costs. Users can conveniently allocate and maintain their 8PAY Tokens within the Gas Wallet, enabling smooth and efficient utilization of the platform's advanced features.