Gas Limit

Our smart contracts require a minimum of 200,000 gas. Meaning you need to set the limit to be 200,000 or above but definitely not less than that.

If you decide to set the limit to 500,000, this only means you will be willing to pay more for the transaction but this will not get you any advantages or priorities with the miners.

Gas Price

The default gas price in all wallets is usually set to around 20 gwei. If you manipulate this value, usually this will get you ahead in line as you are willing to pay a higher price to the miners for executing your transaction.

We at Bancor decided to set a limit of 50 gwei in order to make it more difficult for those trying to cut in line to get any advantage over others. In fact, if you send a transaction with higher gas price, it will be rejected by our system. Games are more fun when everyone can play.