Cryptocurrency Q&A
How much does drift protocol charge for accounts?
How much does drift protocol charge for accounts?
CryptoLodestar
Tue Oct 01 2024
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7 answers
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I'm curious to know, what kind of fees does the Drift Protocol impose on users for setting up and maintaining accounts? Are there any initial costs associated with opening an account, or are there recurring charges? I'd like to have a clear understanding of the financial commitment required before delving into this platform.
7 answers
Tommaso
Thu Oct 03 2024
For instance, during such times, a user who wishes to create an account on Drift may be required to pay a total of 0.2251 SOL. This amount comprises the standard 0.035 SOL account rent fee and an additional 0.1901 SOL excess fee.
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isabella_taylor_activist
Thu Oct 03 2024
On the platform of Drift, each account holder is subject to an account rent fee of approximately 0.035 SOL for account creation. This fee serves as a foundational cost for utilizing the services provided by Drift.
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Chiara
Thu Oct 03 2024
During periods of heightened user activity, particularly during instances of sybil activity where numerous users flock to sign up simultaneously, Drift implements a dynamic pricing mechanism.
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SilenceStorm
Thu Oct 03 2024
To manage the influx of new users and maintain the stability of its system, Drift introduces an additional fee on top of the standard account rent. This excess fee is designed to act as a deterrent against malicious or excessive account creations.
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Martina
Wed Oct 02 2024
The imposition of this excess fee ensures that the platform remains accessible to genuine users while discouraging attempts at fraudulent or abusive account creations.
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