NEKOStorage: data costs a little NEAR
Storage on NEAR is paid by locking a tiny bit of NEAR, once per token.
Everything stored on NEAR (your balances, NFTs, names) takes space, and space is paid for by locking a little NEAR: about 1 NEAR per 100 KB.
That's why the first time you receive a new token you pay a tiny registration deposit (around 0.00125 NEAR) so the token can store your balance. You only pay it once per token.
NEKO Swap adds this step for you automatically when you need it.
Swap 0.3 NEAR into RHEA, a token you've likely never held
Watch for the one-time registration step in your wallet. Small amounts are perfect. Every swap counts toward your free Swap Feline.
Quick check
Why might your first swap into a new token ask for a tiny extra deposit?
- AIt's a hidden fee for NEKO
- BTo register your account on that token
- CTo speed the swap up
Show the answer
B: To register your account on that token. The deposit pays for storing your balance on the token's contract.