create account

Creative Fee Management: How Skycoin and NESS Holders Can Keep BitShares Transactions Rolling by freehiveblog

View this thread on: hive.blogpeakd.comecency.com
· @freehiveblog ·
Creative 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**

![Screenshot_20241207_224802_org.telegram.messenger_edit_2306615428693346.jpg](https://images.hive.blog/DQmP2CRcX5Q8YYZc8fnTGHsqNXQ3hBrowCzMd3kbJ6mH5bd/Screenshot_20241207_224802_org.telegram.messenger_edit_2306615428693346.jpg)

---

**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!
👍  , , ,
👎  ,
properties (23)
authorfreehiveblog
permlinkcreative-fee-management-how-skycoin-and-ness-holders-can-keep-bitshares-transactions-rolling
categorybitshares
json_metadata{"tags":["bitshares","skycoin","ness","decentralized","cryptocurrency","exchange","network"],"image":["https://images.hive.blog/DQmP2CRcX5Q8YYZc8fnTGHsqNXQ3hBrowCzMd3kbJ6mH5bd/Screenshot_20241207_224802_org.telegram.messenger_edit_2306615428693346.jpg"],"links":["https://www.skycoin.com/downloads/"],"app":"hiveblog/0.1","format":"markdown"}
created2024-12-07 22:53:45
last_update2024-12-07 22:53:45
depth0
children0
last_payout2024-12-14 22:53:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,634
author_reputation-124,375,709,721
root_title"Creative Fee Management: How Skycoin and NESS Holders Can Keep BitShares Transactions Rolling"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id139,028,927
net_rshares-196,561,363,535
author_curate_reward""
vote details (6)