activating Stella before use why?

[Altcoinstalks User]

So I created a Stella wallet and was told to activate with at lease 5 lumen. Is that not crazy, if they continue with this the use of Stella base token will decline.
What's your opinion on this

I disagree with this. Why pay first before using? For me, I'll rather choose other altcoin in investing.

Or if they can't get away with this fee at least they provide some free crypto trial or somewhat like that.

[Dinid]

So I created a Stella wallet and was told to activate with at lease 5 lumen. Is that not crazy, if they continue with this the use of Stella base token will decline.
What's your opinion on this

I disagree with this. Why pay first before using? For me, I'll rather choose other altcoin in investing.

Or if they can't get away with this fee at least they provide some free crypto trial or somewhat like that.

Hello I think, same case on ethereum and other altcoin. We must buy first ethereum to fill our eth wallet. If there is no ethereum balance on our wallet, then we cannot make transactions ( cannot send tokens).

But there is a difference between stellar and ethereum, ethereum does not need a trustline to receive tokens, and can receive tokens although there is no eth balance in it. And eth wallet no need activation. 👍

[Official_BlockFolks]

So I created a Stella wallet and was told to activate with at lease 5 lumen. Is that not crazy, if they continue with this the use of Stella base token will decline.
What's your opinion on this

I disagree with this. Why pay first before using? For me, I'll rather choose other altcoin in investing.

Or if they can't get away with this fee at least they provide some free crypto trial or somewhat like that.

Hello I think, same case on ethereum and other altcoin. We must buy first ethereum to fill our eth wallet. If there is no ethereum balance on our wallet, then we cannot make transactions ( cannot send tokens).

But there is a difference between stellar and ethereum, ethereum does not need a trustline to receive tokens, and can receive tokens although there is no eth balance in it. And eth wallet no need activation. 👍

yah i agree, people are forgetting that you need gas to do transaction in eth too. So if you dont have any eth, you cant even do anything at all.

[Puncak_pelangi]

I think so too and I think it can be very influential on the decline in retail prices, but we can take the opportunity to buy lots of steel if the price goes down in price and hold it up again.

[Meysa123]

I think this is not very good, but we can take the opportunity if the price goes down, and we can take the opportunity to buy more Stellar coins and hold them.

[Rembang]

yes it's true that it's crazy, and I think it can indeed affect the decline in Stellar prices going forward.

[Shahinaz]

Why it's bette rif we have more than 5 xlm in our wallet. It is only for activating the wallet ? Thanks.

Hello, all stellar accounts must maintain a minimum balance of lumens. Any transaction that would reduce an account’s balance to less than the minimum will be rejected with an INSUFFICIENT_BALANCE error.
✓ The minimum balance is calculated using the base reserve, which is 0.5 xlm currently

Here is the formula :
(2 + # of entries) × base reserve
The minimum balance for a basic account is 2 × base reserve. Each additional entry costs the base reserve. Entries include:
✓ Trustlines
✓ Offers
✓ Signers
✓ Data entries

For example, an account with 1 trustline and 2 offers would have a minimum balance of (2 + 3) × base reserve = 2.5 XLM.

thank you for giving a detailed explanation about Stellar,

[Meysa123]

it's true that maybe it's not good, but I don't think that is too much of a problem, and I still believe that prices will be able to recover and increase quickly in the future.