7210 Items. ERC-721.
GasBack Nodes are NFTs organized in 5x5 squares, with 25 items in each cluster forming a Node. The central item within each 5x5 node is referred to as a "UniNode". The top layer consists of OmniNodes, which are the most powerful nodes in the collection.
GasBack is an innovative project
that enables the tracking of
Ethereum gas history within the
Formation ecosystem. It will display
the total gas returned to members.
With ongoing On-Chain
development and optimization, the
aim is to return all the gas.
Additionally, GasBack offers an exclusive NFT collection called GasBack Nodes featuring 7210 unique items as a Free Mint and will provide a free On-Chain Airdrop.
GasBack tracking is where it all starts. When an NFT is minted within the GasBack ecosystem, it becomes possible to track the amount of gas paid and the amount of gas returned. This will be viewable on the GasMeter dashboard.
Around 30% of the GasBack Nodes collection creator fee will be allocated to recharge the initial Gas fee paid during the mint, benefiting the NFT holders. As GasBack continues to evolve and optimizations are implemented, holders can anticipate additional recharges to their wallets.
The On-Chain Nodes airdrop will have no gas fees. New smart contract functions will introduce a 24-hour lazy mint with optimal gas pricing. Holders can track the highest, average, and actual mint price. On-Chain Gas Optimizations will reduce gas fees and may eliminate the need for IPFS.
7210 Items. ERC-721.
Forming Now. GasBack.Learn More
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What are gas fees?
Gas fees are the transaction fees required to execute operations on the Ethereum blockchain. Whenever you interact with smart contracts or make transactions, you need to pay gas fees to compensate miners for their computational work.
What are the NFT pricing details?
GasBack offers 7210 items using the ERC-721 standard. Minting is free, but you need to pay the gas fees. You can track the recharge of your wallet's value at GasBack.link. Each wallet can hold up to 5 items. Out of the 7210 items, 721 are held for the growth of the GasBack ecosystem. The creator fee is set to 10%, with 7.21% held for the founders and 2.69% held to pay back the gas fees in the ecosystem.
How will gas fees be returned?
Gas fees will be returned in ETH and DeFi tokens. The returns will come from creator commissions on collections, sales from future collections, and network optimizations that create value in transaction fees from outside the GasBack ecosystem.
How does GasBack return gas fees?
GasBack employs a smart contract mechanism that collects and pools a percentage of the gas fees generated during the transactions related to the NFT collection. This pooled amount is then distributed back to the NFT holders periodically.
How much gas fees are returned to GasBack holders?
The exact percentage of gas fees returned to GasBack holders can vary and is determined by the smart contract rules. However, it is designed to provide a significant portion of the gas fees to incentivize and reward the community.
How frequently are gas fees distributed?
The distribution frequency of gas fees varies and is determined by the GasBack smart contract. Typically, gas fees are distributed periodically, ranging from weekly to monthly, depending on the collection's rules.
How do I become eligible for gas fee returns?
To be eligible for gas fee returns, you need to own GasBack NFTs and hold them in a compatible Ethereum wallet that supports the GasBack smart contract. The specific requirements and instructions will be outlined in the collection's documentation.
Can I trade or sell my GasBack NFTs?
Yes, GasBack NFTs are fully tradable and can be bought or sold on compatible NFT marketplaces. However, please note that gas fee returns are tied to the ownership of the NFT, so if you sell your NFT, you will no longer be eligible for future gas fee returns.
Are gas fee returns guaranteed?
While GasBack strives to return gas fees to its holders, the actual returns may vary depending on the transaction activity and the overall gas fees generated by the collection. GasBack cannot guarantee specific returns as they are dependent on external factors.
Are gas fee returns subject to gas fees themselves?
Gas fee returns are designed to minimize the impact of gas fees on the recipients. However, depending on the distribution mechanism, there may be minor gas fees associated with claiming or receiving the gas fee returns.
Who are the founders?
GasBack is a project created by Formation.
Is there a Discord?
Yes, you can join the GasBack Discord community (link).
For partnerships or inquiries send us a message here.