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Ai-powered
gas fee predictor

The “AI-powered Fee Predictor” in the Smart Yield Wallet is a feature that helps you predict and manage gas fees for cryptocurrency transactions and currency swaps. Gas fees are the small costs that are required to execute transactions on the blockchain (for example, sending or swapping crypto).

A beginner-friendly guide to the AI-powered Fee Predictor:

What Are Gas Fees?

Gas fees are the costs involved in carrying out operations on a blockchain. For example, when you send Ethereum (ETH) to a friend or swap one cryptocurrency for another, you pay a fee to the blockchain network for processing that action.

These fees can vary depending on network congestion, transaction complexity, and time of day, so sometimes they can be very high and other times much lower.

How the AI-powered Fee Predictor Works

The AI-powered Fee Predictor uses artificial intelligence (AI) to track the blockchain network in real time. It analyzes patterns of when gas fees are usually high or low, based on factors such as:

  • Time of day
  • Network activity
  • Blockchain congestion (how many transactions are happening)

The AI then uses this information to predict the future cost of gas fees for your transaction, helping you determine the best time to send a transaction or swap cryptocurrencies.

How It Helps You Save on Fees

Suggesting the Best Time for Transactions: The AI-powered Fee Predictor provides real-time suggestions on the most cost-efficient time to send your transaction or swap currencies. For example, it might notify you:

  • “Now is a high-fee period. You can save 20% by waiting for the next time slot.”
  • “This is the best time to send your transaction with low fees.”

This helps you avoid high gas fees and save a significant amount of money when making transactions.

Easiest and Most Cost-Efficient Time to Swap or Send

When you need to swap coins (e.g., swapping Ethereum for Bitcoin) or send cryptocurrency (such as sending ETH to a friend), the AI will suggest the easiest and most cost-efficient time to do so.

  • If you’re swapping Ethereum for another token, the AI might recommend waiting a few hours until the fee drops, helping you save money.
  • If you need to send funds quickly, the AI might suggest sending it during a lower-fee time, ensuring that you don’t waste money on high fees.

AI Learning and Adapting

The AI system doesn’t just work based on current data. It also learns over time, adapting to changes in blockchain networks and improving its fee predictions as it gathers more information.

So, the more you use it, the more accurate its suggestions will become.

Why This Is Useful for Novices

Predicting gas fees can be complicated for beginners. Sometimes, fees are much higher than expected, especially if transactions are sent at the wrong time.

With the AI-powered Fee Predictor, you don’t need to understand all the technical details behind gas fees. The AI does the work for you, suggesting the best times to avoid overpaying.

It’s like having an expert on your side, helping you save money and make better decisions.

Real-Time Notifications

If you have the Smart Yield Wallet open, the AI-powered Fee Predictor can send you notifications about the best times to transact or swap coins. For example:

  • “The gas fees will be low in 10 minutes, now is a good time to make your swap.”
  • “There’s high network congestion, you’ll pay 30% more in fees if you send now.”

This keeps you informed and in control, helping you save on every transaction.

What Makes This Different?

Normally, to avoid high fees, you’d have to manually watch the market, looking for times when gas fees are lower—and it can be difficult to predict. The AI-powered Fee Predictor takes that burden off your shoulders by doing the research for you.

It’s like having a personal assistant that constantly tracks gas fees and lets you know when to act. This saves you time and ensures you don’t overpay for simple transactions.

Summary

    • AI-powered Fee Predictor in Smart Yield Wallet helps predict gas fees and suggests the best times for transactions.
    • It analyzes real-time data to recommend cost-efficient transaction times.
    • The AI learns over time, improving accuracy in fee management.
    • Ideal for beginners, making transactions smarter without understanding gas fee complexities.

    This feature allows users to make informed decisions and optimize their transaction costs effortlessly.