Why do I need Approved FOAM and Voting Credit?
Why do I need Approved FOAM and Voting Credit?
Written by Katya Zavyalova
Updated over a week ago
- The FOAM Map uses multiple smart contracts to enable a decentralized map without a central authority or single point of failure.
- Each time tokens are transferred between contracts there’s a small fee charged by the Ethereum network, called gas, that fluctuates depending on how busy the network is at that time.
- Approved FOAM and Voting Credit allow for your wallet to transfer to 2 different smart contracts. Doing this in advance helps to avoid more expensive gas and allows for fewer MetaMask confirmations and fewer chances that something can go wrong.