Ridwan Fauzi
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February 20, 2021, 02:59:58 PM |
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It will be useless if they pay with USDT because basically USTD is using ETH network. You can see how fee that will be chargered if you send USDT in one wallet to USDT in another wallet.
This is the problem that we head, everytime a coin is increasing then the gas fee will increase as well. ETH will launch new system ETH 2.0 that can reduce its gas fee per one transaction, I think it will resolve for those who complain against gas fee.
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Rampagoe004
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February 20, 2021, 03:08:06 PM |
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Indeed at the moment the cost of gas is so large that many teams who manage the project that delays the distribution of gifts, and this will be a problem for us bounty hunters so that for the future the team that manages a project can pay us using usdt, or btc because it is easier to make transactions, we expect for the future there is a change for bounty hunters in following the bounty project.
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RabbiTANK
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February 20, 2021, 03:15:33 PM |
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It will be useless if they pay with USDT because basically USTD is using ETH network. You can see how fee that will be chargered if you send USDT in one wallet to USDT in another wallet.
This is the problem that we head, everytime a coin is increasing then the gas fee will increase as well. ETH will launch new system ETH 2.0 that can reduce its gas fee per one transaction, I think it will resolve for those who complain against gas fee.
Usdt is not only available on Ethereum network mate, usdt is also available on Tron network and it's gas fee is far more cheaper than even bitcoin itself so yes it makes lot of sense if the team can consider to send usdt instead of tokens right now, you need to do your own research, I'm shocked that someone don't know USDT is available on Tron
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Jawhead999
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February 20, 2021, 03:36:04 PM |
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It will be useless if they pay with USDT because basically USTD is using ETH network.
Seriously? You're already 3 years old in this forum and know USDT is only using ETH network? USDT are runned in many network such as algorand, Tron, Omni, Liquid, EOS, and OMG. You will only charged little fee or even zero fees since it's very cheap. Before start to post, think twicely and post only in a thread/section you know.
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JHORN
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February 20, 2021, 03:40:05 PM |
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It will be useless if they pay with USDT because basically USTD is using ETH network.
Seriously? You're already 3 years old in this forum and know USDT is only using ETH network? USDT are runned in many network such as algorand, Tron, Omni, Liquid, EOS, and OMG. You will only charged little fee or even zero fees since it's very cheap. Before start to post, think twicely and post only in a thread/section you know. Lol it is possible that he didn't know about Tron existence on other blockchain projects, there are some people that are so addicted to ethereum network and tokens only and they believe that every other platforms are bad don't blame the guy
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Jackl87
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February 20, 2021, 03:46:58 PM |
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Yeah it is definitely a problem for project developers if they have to send hundreds of small transactions to the bounty hunters every week. It's very likely that the fees are higher than the actual transaction value in that case. Maybe it would be a good solution, to send only 1 transaction at the end of the bounty instead of small transactions every week
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shinratensei_
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February 20, 2021, 03:48:28 PM |
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It's impossible to happen as you will never able to dictate the team without tryna to create an agreement between the hunters and the team. The team will always be paying the hunters with their own tokens but there might be some projects that used the native coins as their payment to the hunters. The fact that so many times various manages have been doing various negotiations with the team but it never becomes a reality. Only a few projects that have been using a stable coin as payment to the hunters
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Claudio99
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February 20, 2021, 04:37:35 PM |
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Yeah it is definitely a problem for project developers if they have to send hundreds of small transactions to the bounty hunters every week. It's very likely that the fees are higher than the actual transaction value in that case. Maybe it would be a good solution, to send only 1 transaction at the end of the bounty instead of small transactions every week
there is no need to keep sending transaction every week again the bounty campaign is already over and the team are owing bounty hunters 3 weeks payment so it is something they can send at one time but the fact is that gas fee is still very high so my suggestion is they should just use Tron network instead or lite coin or ripple this coins are very cheap transaction fee
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Cling18
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February 20, 2021, 05:07:33 PM |
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There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?
It will only happen if bounty hunters unite not to promote or participate in a project that is Ethereum based, my current campaign is paying me through their native token using their own token as a fee so I have no problem, it is now riskier to join bounties where Ethereum is the gas that will be used to send, promote at your own risk now. If managers couldn't do something about that situation, I think it's best for bounty participants to do their part. Ethereum gas fee isn't a joke these days and I think it's just fine for participants to demand a better option. It's just a good thing that some campaigns are paying with BTC and other altcoins. I think it's time for most projects to switch to another altcoin as payment.
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Bitstar_coin
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February 20, 2021, 05:47:26 PM |
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There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?
Best idea is the trc20 usdt because when you say in btc that is equally not a good option for the team since btc is way up now even the fee is not that friendly, I guess the rise of eth price is the beginning of more drama for ethereum base project and problems for hunters, I really can't blame some team who refuses to pay bounty as a result of high gas fee, if only they will think of other alternatives like bsc and start migrating it will be much better and cheaper.
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isaac_clarke22
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February 20, 2021, 05:52:36 PM |
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~
That's gonna be a hard to do. It's to be expected that many projects will lose their promoters unless that their promoters are willing to wait til some price correction happens. Only way to do it is to find another bounty project that pays in stable coins as you mentioned, I guess since there ain't no leads unless again you're willing to hold the coin.
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dimonstration
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February 20, 2021, 08:54:58 PM |
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Yeah it is definitely a problem for project developers if they have to send hundreds of small transactions to the bounty hunters every week. It's very likely that the fees are higher than the actual transaction value in that case. Maybe it would be a good solution, to send only 1 transaction at the end of the bounty instead of small transactions every week
But it may cause trouble in terms of the rules they have been created unless there is a group chat that participants were included and inform well it can be fine especially if its a reputable company,many participants will understand it if they will make changes in terms of schedule or changing the coin into usdt or other alts to avoid too much fees on their side, the only good thing is for bounty hunter that have chance to acquire more crypto before the price went much higher.
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Danslip
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February 20, 2021, 09:03:53 PM Last edit: February 23, 2021, 12:39:23 AM by Danslip |
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There is no solution for this problem due to the current market situation the transaction fees are highly expensive. The bounty hunters have no other choice except to wait for the calm network and send the bounty reward tokens on that calm day. The ETH gas fees are above $13 now and the fees can go as high as $150, unfortunately. The current network fees will go higher if the market can't decide to do a correction or continuation of the recent trend.
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blockman
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February 20, 2021, 09:05:12 PM |
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There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?
BTC would be the best option. But do you think they really have the budget to do that? that's why they have chosen their very own token to pay for their rewards because it's still floating in the air and their budget is intact. Incentivizing their own token for their own benefit is their good strategy and that's why it's their choice to pay for those rewards in their tokens. It's a domino effect even if they'll pay the tokens with high fees, the bounty hunters will be the next to complain after it.
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AhmadM
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February 20, 2021, 09:22:39 PM |
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There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?
It might be selfish but here's my own answer: their campaign, their money, their rules. They can pay hunters in any currency as they want, as long they are honest and keep what they have promised at the beginning. If you think you are not suitable with bounties that pay in erc20 then don't participate in it, just ignore them and move to bounties that pay in USDT (trc20) or BTC like you want (if any)
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Shasha80
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February 20, 2021, 09:28:24 PM |
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With the price of Ethereum being so high, it made gas fees continue to rise. Therefore, there are many projects that have not paid bounty hunters. It is true that the desire of bounty hunters to pay should be made through other coins that have cheaper transaction fees. But the fact is that every project owner only wants to pay bounty hunters with their tokens. It's time for the project owner if they want to make tokens using other smart contracts, maybe using the Tron network could be the solution.
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Twinkledoe
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February 20, 2021, 09:33:26 PM |
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There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?
It might be selfish but here's my own answer: their campaign, their money, their rules. They can pay hunters in any currency as they want, as long they are honest and keep what they have promised at the beginning. If you think you are not suitable with bounties that pay in erc20 then don't participate in it, just ignore them and move to bounties that pay in USDT (trc20) or BTC like you want (if any) Actually, it is simple, it you can't carry the burden of receiving those erc20 tokens, you can opt not to participate. I have read somewhere, one project, stating that the payment is already ready but it will commence once the gas fees are lower as they set it to certain value. So once the gas fee meets their set fee, it will start sending to the participants. Now, if such fee will not happen, then, it means, the participants will not receive their tokens. Such disappointing plan for those who participated in their program. Anyway, if you don't have that patience, better join btc-paying campaigns.
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lienfaye
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February 20, 2021, 10:06:03 PM |
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The gas fee is really a problem now that eth keep on increasing and it might use as a reason of the dev to delayed the distribution. Its another pain for the hunters because they are really affected of this increase. With the price of Ethereum being so high, it made gas fees continue to rise. Therefore, there are many projects that have not paid bounty hunters. It is true that the desire of bounty hunters to pay should be made through other coins that have cheaper transaction fees. But the fact is that every project owner only wants to pay bounty hunters with their tokens. It's time for the project owner if they want to make tokens using other smart contracts, maybe using the Tron network could be the solution.
Thats true, I think they should consider paying using another smart contracts. But I think its not on their option and will just delayed the didtribution instead.
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tsaroz
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February 20, 2021, 10:06:14 PM |
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With the availability of USDT on TRON network, everyone seems to be moving towards it as they have no fees even on inter exchange transfer. This shows how far the Ethereum's network is going from the need of an utility network. Some of the earlier bounties have already halted their distributions citing the network fees which would have several disadvantage for the bounty participants, prime of it not being able to sell the token when the price is high.
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KimmyF
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February 20, 2021, 10:06:33 PM Last edit: February 20, 2021, 10:27:29 PM by KimmyF |
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There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?
Bitcoin transaction cost is higher than the regular Ethereum transaction cost. I'm using TRC-20 USDT to send or receive money with low cost but I'm not interested to receive USDT for bounty. I wish we could receive USDT from the last quarter of 2018. Market cap is on the fire, sorry USDT payment payment isn't worthy. Now we could receive rewards by exchange or change to another blockchain if transaction cost exist.
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