Creative Fee Management: How Skycoin and NESS Holders Can Keep BitShares Transactions Rolling
bitshares·@freehiveblog·
0.000 HBDCreative Fee Management: How Skycoin and NESS Holders Can Keep BitShares Transactions Rolling
### **Creative Fee Management: How Skycoin and NESS Holders Can Keep BitShares Transactions Rolling**  --- **Are transaction fees holding you back on the BitShares network?** A creative and efficient solution has been making waves in the crypto community, and it involves **Skycoin (SKY)**, **NESS**, and their innovative time-based tokens: **SCH (Skycoin Hours)** and **NCH (NESS Coin Hours)**. This strategy, recently highlighted in the XBTS Telegram group, offers a practical way to manage your fees and keep trading on BitShares smooth and cost-effective. #### **The Challenge of BTS Fees** BitShares (BTS) powers the transactions on the network, and like any blockchain, fees are necessary to execute trades, transfers, and other operations. As the network grows, managing a steady supply of BTS to cover these fees is crucial for active traders and enthusiasts. #### **The Clever Solution: SCH and NCH** For holders of **Skycoin (SKY)** or **NESS**, there’s an ingenious way to generate BTS without constantly buying it: 1. **Generate SCH (Skycoin Hours) and NCH (NESS Coin Hours)** by holding **SKY** or **NESS** in their official wallets. - **Skycoin Wallet Download**: [Download Here](https://www.skycoin.com/downloads/). 2. **Sell SCH or NCH for BTS** on the XBTS decentralized exchange. - **SCH/BTS Market**: [Trade SCH/BTS on XBTS](https://ex.xbts.io/market/XBTSX.SCH_BTS). 3. **Use the BTS you earn to pay transaction fees** on the BitShares network. #### **Step-by-Step Guide** 1. **Hold SKY or NESS** in their official wallets to accumulate SCH or NCH automatically. - The longer you hold, the more you earn — it’s like a passive reward system! 2. **Send your SCH or NCH to XBTS** using the wallet’s **“Advanced Send”** feature. This ensures your tokens arrive safely and are ready for trading. 3. **Sell SCH/NCH for BTS** on XBTS. - This helps you secure BTS for your trading fees without dipping into your main funds. Plus, you contribute to the liquidity of the exchange by filling order books. 4. **Pay your transaction fees** with the BTS you’ve earned and keep your trading journey on BitShares seamless. #### **Why This Matters** - **Cost-Efficient**: You’re using a passive resource to manage your fees — no need for frequent BTS purchases. - **Improves Liquidity**: By selling SCH/NCH, you help reduce spreads and improve trading conditions on XBTS. - **Innovative**: This method highlights the power of **cross-community collaboration** between BitShares, Skycoin, and NESS. #### **Strategic Tip** The advice from the community? **Hold onto your SKY or NESS during bear markets**. Instead, sell the SCH or NCH you generate. This way, you keep your primary assets intact while making the most of your rewards. #### **Join the Community** Connect with fellow traders and enthusiasts for tips and support: - **Skycoin Trade Group**: [Join Here](https://t.me/skycointrade) - **NESS Smart Bull Trader Team**: [Join Here](https://t.me/NessSmartBullTraderTeam) --- ### **Ready to Maximize Your BitShares Experience?** For a detailed guide on navigating BitShares, fees, and trading, check out the **[BitShares User Manual](https://hive.blog/bitshares/@freehiveblog/bitshares-user-s-manual)**. This comprehensive resource will help you stay ahead in the decentralized trading game. Stay smart, stay efficient, and happy trading on XBTS!