There are two (2) fees associated with transferring your ELMT digital rewards.
- The Bridge Fee is the price paid to transfer tokens from the Element Private Blockchain to the Ethereum Mainnet. This is a necessary fee and is given to the blockchain nodes to process the transaction.
- The Gas Fee is a small fee required for every transaction to be executed on the Element blockchain platform.
Disclaimer: ELMT is a digital reward distributed through the Element node network according to predetermined smart contracts. ELMT is designed to have utility on the Element platform for the purchase of Element products and services, although other cryptocurrencies may be used as well. ELMT is not available for purchase from Element. ELMT is not an investment product and may never have any value. Element node owners should not expect to recognize any value from ELMT other than its utility with Element. Although Element plans to undertake efforts to become a successful business, it is highly likely that ELMT’s value will not correlate with the success or failure of Element.