IOST has two types of network fees.
The fees are: GAS and RAM.
------
(1) What is GAS?
GAS is a network fee that is required for IOST transmission, like any other coin.
GAS can be obtained by "pledging" IOST instead of purchase.
Pledge is the literal translation of the word "pledge: to put up as collateral," but in the case of IOST, it is understood as "locking.
When pledging, the GAS "limit" is first increased, and the GAS balance will automatically increase to that limit. When using GAS, the GAS "balance" will decrease in the amount used, but will increase again to the limit.
When creating an IOST account, Moonstake will have already pledged the GAS balance, showing "Available GAS" on the staking screen, providing a GAS balance and a GAS limit. When in need of more GAS, please pledge additionally.
GAS is mainly used for the following purposes
-Sending IOST
-Staking and pledging IOST
-Releasing staking and pledging
-Receiving staking rewards
-Buy or sell RAM
------
<How to Pledge>
Click the "Manage" button under "Available GAS" on the Staking screen.
Enter the quantity to be pledged and click "Next".
Enter the sending (wallet) password
*Pledging 1 additional IOST will increase the limit by 300,000 GAS.
*The pledged IOST quantity can no longer be used for staking, RAM purchase, or sending.
*When specifying another IOST account address as the destination address, pledging will be done for that account. This will increase the GAS "limit" and "balance" for the account.
*To cancel the pledge, go to the cancel pledge tab, enter the cancel quantity, and then enter the submit password. Please note that it will take 3 days to cancel the pledge.
------
(2) What is RAM?
RAM is the network fee required for IOST staking related operations (staking, unstaking, staking reward request, etc.). (To be precise, it is the fee for smart contracts) Approximately 500 RAM is required for one staking session.
RAM can be obtained through purchase (exchange from IOST) by IOST. The rate will vary. (As of June 1, 2022, 3.94 RAM = 1 IOST)
When RAM is no longer needed, it can be sold (exchanged for IOST).
RAM is mainly used for the following purposes
-Staking IOST
-Unstaking
-Receiving staking rewards
------
<How to purchase RAM>
Click the "Manage" button under "Available RAM" on the staking screen.
In the "Buy" tab, enter the quantity of RAM to purchase and click "Next".
(3) Enter the wallet password.
To sell RAM, go to the "Sell" tab.
In specifying another IOST account address as the destination address, RAM will be purchased for that account. (RAM will be increased for that account.)