Gas Token on Ethereum

How a gas token works.

A gas token writes some garbage data on-chain and pays for this. Normaly you mint the gas token when gas price is low. (Around 1 Gwei). If gas price hight somebody destroys the gas token and ethreum pays back a refund and this refund can be used to pay for the gas cost of the including contract.

CHI

https://1inch-exchange.medium.com/everything-you-wanted-to-know-about-chi-gastoken-a1ba0ea55bf3

To mint CHI:

  1. Go to https://etherscan.io/token/0x0000000000004946c0e9f43f4dee607b0ef1fa1c#writeContract
  2. Connect Metamask
  3. call mint with the number of chi token you want to mint
  4. set gas very low on tx and wait, and wait, and wait, and wait, and wait

GAS Token 2 (GST2), 19 September 2017

Creats contracts and deletes these for refund. Efficiency is 3.02

CREATE + SELFDESTRUCT is used for refund.

Read more on https://gastoken.iohttps://gastoken.io

https://etherscan.io/address/gst2.gastokenio.eth
https://etherscan.io/token/0x0000000000b3F879cb30FE243b4Dfee438691c04

GAS Token 1 (GST1) Mainnet 07 March 2018

Writes data to storage (SSTORE) and deletes these for refund. Efficiency is 2.60
SSTORE is used for refund.

https://etherscan.io/address/gst1.gastokenio.eth
https://etherscan.io/token/0x88d60255f917e3eb94eae199d827dad837fac4cb

Read more on GST2 and 1 GST1 https://gastoken.io

Gastoken on ETC

Gastoken also exists on ETC. And because ETC allows 0 gas transaction sometimes you can generate them for free!

Have look here for the GST2 on ethereum classic:

https://etcblockexplorer.com/address/0x0000000000b3F879cb30FE243b4Dfee438691c04

Here you see a 0 gas tx which mints a GST2 token:

https://etcblockexplorer.com/tx/0x87dec4adcd5702ed59acc7a7229dc23d6bcc9bf14e0388db3a97c20592dee9c5

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