Thursday, 02 December 2021 10:38 GMT

US Constitution: Cryptocurrency donors have to charge USD1.4M in fees

(MENAFN) A group of 17,000 people who've been unsuccessful in their offer to purchase a unique version of the American Constitution are already going to face crypto expenses totaling more than USD1.4 million.

The crowd-funding campaign gained attention last week when it attempted to buy the only one of the 13 preserving important duplicates of the US constitution at an offer in New York, but it was defeated by a billionaire who made an offer USD43 million for the file.

Notwithstanding the fact that the group was ineffective, people will be charged fees for making donations and then obtaining a refund because the group used virtual cash named ether.

The fees are referred as a "gas" service charge by Ether, and people cover the prices of implementing the computer transactions required to move the virtual currency, according to its platform.

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