According to BlockBeats, Robinhood Crypto announced on August 8 that it has lowered the minimum gas sponsorship amount for Robinhood Wallet on Robinhood Chain. The minimum is now $0.50, down from $5. Under the new threshold, the company will now cover gas costs for more swap transactions. This arrangement takes effect immediately and will run until September 29. The announcement, reported by BlockBeats, confirms that the change applies to exchange trades made through Robinhood Wallet on Robinhood Chain. The reduced threshold broadens the qualifying amount for gas sponsorship, meaning that more users could be covered compared with the prior $5 limit. The original flash news did not mention any other modifications to the wallet or chain, nor did it offer further context regarding the promotion. It only stated the new amount, the starting date of August 8, and the end date of September 29. Additional terms, if any, were not disclosed.
Robinhood Crypto has cut the minimum gas sponsorship amount for Robinhood Wallet on Robinhood Chain from $5 to $0.50. Announced on August 8 and effective immediately, the move means the company will now cover gas costs for more swap transactions.
The promotional offer runs until September 29. Under the prior threshold of $5, fewer swaps would have qualified for sponsorship. With the new $0.50 minimum, a larger number of trades can benefit. No additional terms or conditions were provided by the company.
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