Existential deposit is currently 0.01 DOT (old). It will be 1 DOT (now). Many people will be confused why their transaction failed due to existential deposit.

People cannot send <1 DOT to new account, account with exactly 1 DOT won't be able to make transaction.

Currently the tx fee for a transfer is 0.000149 DOT (old) or  0.0149 DOT (new), so I will suggest to make new existential deposit to be 0.05 DOT (new).

The primary reason of having existential deposit is to prevent dust account and with whatever DOT price, I wouldn't consider 1 DOT (new) is a dust value.

- The existential deposit for sending DOT has increased from 0.01 to 1 DOT.
- Some people may be confused if their transaction fails because they don't have enough DOT.
- Accounts with exactly 1 DOT won't be able to make transactions.
- The transaction fee for sending DOT is now 0.0149 DOT.
- The purpose of the existential deposit is to prevent very small amounts of DOT from being sent.

#24 Reduce existential deposit

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