How would you distribute an ERC-20 token at scale for cheap ? Any alternatives ?

[californiaquail]

 Hi everyone.

So here is the thing...  A couple of years ago, I created ERC-20 tokens as earnable rewards to our customers, staff and people who help us build our marketplace.
It meant a lot and it didn't cost much, maybe a few dollars to deploy the contract.
https://etherscan.io/token/0xc3d081732B9E87bC5D1bE4574C47A2F31CaA79e8

Two years later, we're considering distributing it to everyone's addresses, but  at $16 per transfer, this is is unfeasible.


How are people and founders even doing ? I tried deploying a shitty 200 lines solidity contract on main net yesterday, and I was asked for $450.


I've read that most people stopped deploying contracts and transacting on main net in favour of Layer 2 alternatives, but frankly I'm lost at sea here.

Any good examples or ideas where to start would be greatly appreciated...  

[JeffBrad12]

How are people and founders even doing ? I tried deploying a shitty 200 lines solidity contract on main net yesterday, and I was asked for $450.

WIth the current condition of ethereum network and you must not be surprised to see that. that's why many platforms are moving to the polygon and BSC as alternative blockchain to issue the new contract or create the token.

I've read that most people stopped deploying contracts and transacting on main net in favour of Layer 2 alternatives, but frankly I'm lost at sea here.

Yeah but you have no choice. Move or paid a lot of money to the ethereum blockchain to deploy it.

Any good examples or ideas where to start would be greatly appreciated...  

There's no way to distribute ERC in a cheap way. The possible thing to distribute it through contract but there's no guarantee if that will be even cheaper. When you're using multisender and the fees will be used was the standard fees

[smartaction]

Ethereum transcation fee is too much for 2+ year. You have to accept it Because it is not decreasing in any way. But you can use multisender app for distribution. This will save you some time and transcation cost.
https://multisender.app/ visit this website and connect your wallet by metamusk or any other wallet via wallet Dapp. and go for distribution.
 
Structure - Sender wallet,token amount
Example - 0x72ei48939384849382iew888737,100
                - 0x82ie83oe93ie83848858829984ie,100

[AmoreJaz]

Ethereum transcation fee is too much for 2+ year. You have to accept it Because it is not decreasing in any way. But you can use multisender app for distribution. This will save you some time and transcation cost.
https://multisender.app/ visit this website and connect your wallet by metamusk or any other wallet via wallet Dapp. and go for distribution.
 
Structure - Sender wallet,token amount
Example - 0x72ei48939384849382iew888737,100
                - 0x82ie83oe93ie83848858829984ie,100

what i am thinking here is that, if they waited for 2 years before distribution, why not wait maybe for another year once this eth 2.0  resolved their gas fee problem? but won't guarantee also if eth 2.0 will indeed address this problem. this is why some devs are opting to use other networks like SOL, MATIC or BSC.
why not create the same supply in other networks, like for example in SOL? this is what some devs are doing in order to avoid high gas fees under ETH. they are creating their token to these new chains.

[7788bitcoin]

Ethereum transcation fee is too much for 2+ year. You have to accept it Because it is not decreasing in any way. But you can use multisender app for distribution. This will save you some time and transcation cost.
https://multisender.app/ visit this website and connect your wallet by metamusk or any other wallet via wallet Dapp. and go for distribution.
 
Structure - Sender wallet,token amount
Example - 0x72ei48939384849382iew888737,100
                - 0x82ie83oe93ie83848858829984ie,100

Once you load the wallet you will see that the fees will be incredibly high even with multisender. There is no way you can overcome that with the ETH network. Multisend will save your time sending everything at once but not the high fees. I tried to send BEP 20 tokens to 1000 wallets and they asked for 0.6 BNB as fees a few months back and you can expect the same level of fees for ETH as well.

[letyouearn]

I think the only good way to solve this is making a swap to Binance Smart Chain or some other networks - like Polygon or Optimism/Arbitrum... Maybe you can offer people to claim they tokens by themselves... But I don't think they will be glad to hear this

[X-ray]

No chance for you to do that. The gas fees was totally permanent and it was being determined by the block. As long as you wanna use ethereum blockchain and you have no chance to get cheap transaction fees. That is what you must pay to send bunch of transaction at once. I assume you need to pay hundreds of dollars to send bulk of transactions to the various address.
That's why only the rich guy who is actively using ethereum blockchain to trade or even swap. A single transaction needs around $7 - $10 this time. When you're sending more than 10 transactions and it needs more than a hundred of dollar.
This blockchain is a joke.

[Ararbermas]

Erc20 fees still expensive mate and you can't find a way to send same network without paying massive fees because the only choice you have is to convert your erc20 first into stable coins such trx network or bsc and xrp since they're still have fair nowadays if however you really want to a avail a cheaper fees for your every transaction, because to be honest its been long time now and ethereum still as is so you should convert it.