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Author Topic: dApps with 0% fee - scams or real?  (Read 218 times)
shinratensei_
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October 01, 2019, 03:02:33 AM
 #21

How do you react when you come across a project saying that it is not charging any fee, e.g. a swap or a DEX which does not collect any fees. Do you take it as an advantage or it does not look serious enough to you?
I should remind you that a swap process is much different than DEX. DEX used blockchain as the main role and any transaction will be broadcasting directly to the network and to call that DEX doesn't collect any fees doesn't make sense although if the DEX still able to do that without collecting the fees from the buy and sell order activities but the network still needs the fees from the sender of the transaction.
I can say swap has the different method and this is an instant changer from A coin to B coin.
If that runs in the zero cost blockchain or platform like DAG and that makes sense if swap method cost zero fees.
Im taking it as an advantage.

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October 01, 2019, 10:06:09 AM
 #22

How do you react when you come across a project saying that it is not charging any fee, e.g. a swap or a DEX which does not collect any fees. Do you take it as an advantage or it does not look serious enough to you?
I should remind you that a swap process is much different than DEX. DEX used blockchain as the main role and any transaction will be broadcasting directly to the network and to call that DEX doesn't collect any fees doesn't make sense although if the DEX still able to do that without collecting the fees from the buy and sell order activities but the network still needs the fees from the sender of the transaction.
I can say swap has the different method and this is an instant changer from A coin to B coin.
If that runs in the zero cost blockchain or platform like DAG and that makes sense if swap method cost zero fees.
Im taking it as an advantage.

You are right here.
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October 01, 2019, 10:37:43 AM
 #23

How do you react when you come across a project saying that it is not charging any fee, e.g. a swap or a DEX which does not collect any fees. Do you take it as an advantage or it does not look serious enough to you?
I should remind you that a swap process is much different than DEX. DEX used blockchain as the main role and any transaction will be broadcasting directly to the network and to call that DEX doesn't collect any fees doesn't make sense although if the DEX still able to do that without collecting the fees from the buy and sell order activities but the network still needs the fees from the sender of the transaction.
I can say swap has the different method and this is an instant changer from A coin to B coin.
If that runs in the zero cost blockchain or platform like DAG and that makes sense if swap method cost zero fees.
Im taking it as an advantage.

You are right here.
I also am with that statement. There is a lot of costs that hinder the transactions and DAG solves it somewhat.

 
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October 01, 2019, 10:56:46 AM
 #24

What if there is a short promo period at the beginning without fee and then the project introduces some. Or better settle the rules from the beginning?
That would bring in more investments. I am with that idea.

 
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October 01, 2019, 11:24:08 AM
 #25

How do you react when you come across a project saying that it is not charging any fee, e.g. a swap or a DEX which does not collect any fees. Do you take it as an advantage or it does not look serious enough to you?

It looks rather suspicious. It is possible that this is an attempt at fraud. And where did you come across this, can you give an example?
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October 01, 2019, 06:10:29 PM
 #26

How do you react when you come across a project saying that it is not charging any fee, e.g. a swap or a DEX which does not collect any fees. Do you take it as an advantage or it does not look serious enough to you?


I don't think there is anything wrong with it, it could be there own competitive advantage, there are some projects that started and dash money to people to use their platform, PayPal is one that comes to mind. The most important thing to check is if there are legit and won't disappear with your money
if this likened some company of course this is not normal because, every project still need funded for growth and pay the development must be make people pay the fee for using the services.

in paypal case that called money burn, where company giving new user some cash to user for gain new user

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December 01, 2019, 07:45:03 PM
 #27

Every case is different. However, in present security conditions i would be suspicious. It's your decision but think twice, really.
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December 01, 2019, 08:27:32 PM
 #28

Without collecting fees you can't secure the stabillity of ecosystem. Fees motovate miners and other people that verify transactions. Without these everyone could cheat and that is not good right?


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December 02, 2019, 12:39:15 AM
 #29

I see it like it is impossible. If they do not use the fee for the transaction so they profit? So I'm not serious if there are such projects, let alone emerging recently.
It should be important to set the speed of the transaction and give profit to a project from that fee instead of none. Instead makes others feel weird to hear her.

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December 02, 2019, 01:28:52 AM
 #30

If we talk about free, yes, of course, that is an advantage. Because we don't need to pay any fees other than transaction fees from the network. But the problem is whether the DEX will survive or not with the zero-fee method. Most developers make it just a futures promo to attract users. Personally I do not mind if there is a fee, but not excessive. And as long as the fee is used for the development of the DEX for the better.



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