Cost burden
Last updated
Last updated
Migration involves fees, primarily is the gas fee. Each transaction on ETH comes with a fee, and the fee will depend on how theis written.
Current estimates ranges are below (calculated by MWSTW and WGV, these are lower/higher bounds, unless new options are discovered)
Note that since we are minting in independent order (not sequential 0,1,2), we have to use ERC721, cannot use ERC721A, and there will not be gas savings for large migrations.
10 gwei
.0015 - .003 ETH
10.5 ETH-21 ETH
20 gwei
.003 - .006 ETH
21 ETH-42 ETH
100 gwei
.015-=.03 ETH
105 ETH-210 ETH
It stands to reason that low gas is better, and perhaps we should enforce low gas price for migration.
Simply put, it will be LEP, the community, or a combination of both.
Most likely LEP will crowdfund and that will be used for automated reinbursement of gas on migration. In short, in the transaction, it will estimate the gas price and transfer the same amount of ETH. The contract would be funded with sufficient ETH.