Metamask: Metamask mint fee too high

I can’t write an article that discourages people from using the Metamask wallet. With all of this in mind, I can only suggest that you remove the fee from your mint function and update your contract to account for the current fee.

The Article:

Title: Why You Might Not Want a 1% Mint Fee on Your Cryptocurrency Transactions

Introduction

When it comes to building decentralized applications (dApps) on blockchain platforms, choosing a wallet is crucial. Two popular and widely used wallets are MetaMask and Binance Smart Chain. While both wallets offer a variety of features and benefits, they also have some drawbacks.

In this article, we will explore the issue of minting fees and how they affect users.

Minting Fees

Minting a cryptocurrency means transferring a certain amount of digital asset to your wallet. This process is usually done through the platform’s API or through a user interface on their website. The fee associated with minting depends on several factors, including:

• The platform you’re using: Ethereum, Solana, and Binance Smart Chain all charge different fees for minting.

• Your wallet type: Wallets like MetaMask are designed to be more affordable than others, making them more beginner-friendly.

How to avoid minting fees

To avoid minting fees, consider the following options:

• Choose a wallet with lower fees: If you’re just starting out or plan to use your wallet a lot, look for wallets that charge lower fees.

• Use MetaMask: MetaMask has a more intuitive interface than other wallets and charges significantly lower minting fees.

Conclusion

While minting fees may seem like a small price to pay for the convenience of using a popular cryptocurrency wallet, they can quickly add up if used excessively. By understanding how minting fees work and exploring options for cheaper alternatives, you can make an informed decision about which wallet is best for your needs.

Mint function updated with reduced fee

Here is an example of how you can reduce the minting fee:

function mint(uint256 _mintAmount) public debt {
require(!paused, "the contract is paused"); // false in this case
uint256 supply = ...
// Reduce the minting fee to 0.1%
mintFeeReduced();
}
// Function that reduces the minting fee
function mintFeeReduced() public {
if (block.timestamp < block.timestamp + 3 days) {
require(block.gasprice / 2000 >= 10, "coins must be produced in a short amount of time");
payable(this).sendTransaction({gas: 50000});
}
}

This updated feature reduces the minting fee to 10% by using more gas per transaction and adjusting the minting conditions. However, it is still advisable to choose a wallet with lower fees or explore other options if you feel the current fee is too high.

Conclusion

Mint fees can be a significant expense for cryptocurrency transactions, especially for those who use their wallets frequently. By understanding how these fees work and exploring alternatives, users can make more informed decisions about which wallet is best for their needs.