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Title: High ETH gas fee can kill many projects however there is a lot that can be done Post by: thetimetravelerz on February 09, 2021, 07:27:15 AM Today while brosing the bounty section I came across a message about a bounty that had ended because of the high eth fee.
It felt sad However this is not an exclusive case a lot of tokens built on the ETH /ethereum network are facing the same fate High gas fee can be the death knell for a lot of these projects There are a lot of good projects that started on the ethereum network when the fee was low however now that the fee is sky high it becomes unviable to transact in these tokens /coins So what is the way out? Chain migration can make these projects viable again Is such a thing possible? Sure an eth Project can migrate to #BSC or the binance smart chain with a little tinkering of code. A case in poiunt is DEGO It started with ETH but migrated to #BSC Call for action: If you love & support an ETH based project and do not want to see it die & become unviable due to high gas fee please ask the devs to move it to #BSC or the binance smart chain. #BSC is compatible with eth and this migration can be done and it can save your fav. ETH project Title: Re: High ETH gas fee can kill many projects however there is a lot that can be done Post by: hd49728 on February 09, 2021, 07:44:05 AM There are a lot of good projects that started on the ethereum network when the fee was low however now that the fee is sky high it becomes unviable to transact in these tokens /coins Ethereum network is a chain that is used by scammers to create their ICO, IEO, and DeFi. If you name good projects on ERC20 chain, it will not be too many.Quote So what is the way out? Chain migration or swap is used by scammers to move from dead projects to a new chain and make their projects lively for a while. Some dead projects swap to DeFi tokens in 2020 and 2021.Chain migration can make these projects viable again Quote Is such a thing possible? BSC is a chain built by Binance and I believe CZ plans to make it bigger in the crypto industry. It can help but a project can not get success by moving from chain to chain. It depends on their own teams and products they build.Sure an eth Project can migrate to #BSC or the binance smart chain with a little tinkering of code. Quote 1,275,000 transactions per day is not enough. https://twitter.com/cz_binance/status/1358947436773863424 |