Author Topic: Fee-free Stablecoin/Token (Read 480 times)

seza · « **on:** June 22, 2021, 10:12:49 PM »

Hi all,

Great forum, a big thank you to all those that made it possible,

In order to entice my customers to buy the products and services I offer I am looking at giving them a "loyalty crypto token" in the form of a simple stablecoin that is worth few cents/pennies per transaction.

my understanding is that most stablecoins run on Ethereum as per the ERC20 standards but gas fees can be prohibitively expensive which renders my plan uneconomically feasible.

Would - you good people - suggest another way I can achieve what I am trying to do - preferably fee-free or very cheaply,
I checked Nano but they do not support stablecoin,

Many thanks and keep up the good work.

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MrSpasybo · « **Reply #1 on:** June 23, 2021, 12:55:14 AM »

To be able to issue a stable coin, you need to prove to the crypto community the true value of that stable coin. For example you have proof of reserve, or you are willing to let your customers pay it as fiat in your business. Usually, creating a stable coin takes a lot of effort, not simply creating tokens on Ethereum, BSC, WAVES, or TRON…

Astra · « **Reply #2 on:** June 23, 2021, 05:39:03 AM »

I think we can get ready to issue a stablecoin on the ethereum platform. Firstly, the transaction fees on the ethereum network have already returned to normal and sometimes amount to up to a dozen Gwei. Secondly, on June 24 and 30, as well as on July 7, testing of the next stage of updating this network, the so-called London hard fork, is planned, which should finally solve the problem of high transactions in the ethereum network. The ethereum platform has a number of advantages over even newer similar platforms and will soon be fully updated.

pelana vreo · « **Reply #3 on:** June 23, 2021, 06:12:56 AM »

If you need low fees to send stable coins, then you can choose Tron with TRC-20 tokens, I think currently sending fees on the Ethereum network have gone down as @Astra said, you can try it by buying $10 stable coins on Binance exchange and use a multichain wallet like Trust wallet then you will see how much it will cost to send that token. just a few cents and I'm sure you won't be surprised if the ethereum network is back to normal now.

TomPluz · « **Reply #4 on:** June 23, 2021, 07:46:29 AM »

Please research more on the many alternatives you may have, in case the main idea is to issue like a loyalty coin for your customers. I understand that we have now a good number of platforms online which are dedicated to this kind of business. Rather than go with the hassle of issuing your own coin, be it stablecoin or not, why not just use another platform's service and get away of the usual headaches?