Swap & Swap - the pain of token holders

[fallenangel1789]

What makes those swaps painful, is not only the fee, but also not knowing there is a swap and after the deadline, you lose your tokens. I lost some tokens at the bear market because did not follow announcement channels lol.

[Zed0X]

I missed a lot of token swaps in the past because I thought they were already dead but I was actually lucky enough that one project still allowed me despite being months past the deadline. I did spent a few bucks on the gas fee but it's nothing compared to the value of the tokens now.

[Evgenklm]

This is a huge inconvenience for the ETH network, because the author really has $ 137 worth of tokens, and you need to pay about $ 50 for a transaction. This is simply unacceptable, perhaps this way the project wants to earn commission, but this action will have a bad effect on the development of the project and reputation.

[Arkann]

the author forgot to mention that swap requires a minimum of 1000 old king coins. Thus, if we are talking about bounty hunters, then not a single person has 1000 coins and you have to buy old King on uniswap. and this purchase further increases the cost of old SWAP for new coins, only taking into account all transactions and their cost, then a fairly round amount will come out. but nevertheless there is hope that these coins will rise in price at less than half the price of UNI.

[Willitivity1]

I agree to this, not all tokens holders normally check for updates most of them just buy and hodl without looking at their portfolio for a long time, probably because they are busy with everyday work I guess, but honestly this token swapping is a huge inconvenience for everyone at large, I really hate it when I have to swap my eth tokens to get the BSC's token, also most times they require alot of tokens in order to make the swap work, sometimes they ask for 1k to 10k worth of the tokens to initiate any swap and it's really unfair and inconveniencing.

[David0]

The situation with the price of gas in the Ethereum blockchain exceeds all unthinkable limits.The situation with the price of gas in the Ethereum blockchain exceeds all unthinkable limits. Someone told me that this is just the beginning and the gas will cost a lot of money!! What is happening now, for us, crypto users who paid tiny commissions, is a state of shock. But maybe you should get used to it and take it for granted? I am against it and I am happy to use it BSC wallet.

[Jaephoenix]

 I have 2 projects that swapped without my knowledge, Cocos and Cyclops. The former has a difficult procedure.  I don't think the project team think through these swaps because in the end the users spend more on gas

[Cutter Cute]

If the project really wants to swap, it can wait until layer-2 is released to proceed, or at a more affordable cost. And now holders need to pay 3 times instead of one

What do you think about this issue? Will the projects take place swapping in the future and require users to pay about 50 USD for each token that holders have? If that happens, I think Ethereum ecosystem will go crazy.

I understand the problem you are experiencing, I will also be confused if in your position, between selling KING tokens or holding them, therefore I am currently not trading on DEX exchanges that are on the Ethereum network, because I think fee gas will still go up as long as ethereum developers don't fix this problem.
but if the token price increases 5x the transaction fee, then I will sell it and switch to another network to get a lower transaction fee.

[piqulhdt28]

Ethereum gas costs are currently unreasonable due to the high transaction or swap fees, I myself have experienced the high cost of ethereum gas at Uniswap with one swap charged 50-80 $.
I think this is a very crazy fee and makes us lose a lot of money just for the fee

[gurunanakji777]

Swapping the tokens for bounty hunters is a real pain if the cost of the coins is not worth to swap then they leave it but they get frustrated when the value of the coin increases. But some managers are very shrewd they give a very short time to swap the old token some might miss the swap and lost their coins. The swap process should be automatic for the holder and should not be for a limited time frame so they don't lose their hard work in terms of reward. Swapping costs a gas fee and every hunter does not have enough eth to pay the fee.

[legend45]

Swap coin is pain, but we must do it.  We must pay fee for swap .
and we cannot do transaction with old coin.
So, I think swap will reduce your profit. I see several coin need to swap, I have done it at pancake. It's really expensive if we do that. I agree with you, It is pain.

[trauchot]

Recently, a lot of cryptocurrency companies either switch to other blockchains where cryptocurrency transactions are cheaper, or simply make token swap for various reasons and all these token swaps are a headache, because you need to monitor all cryptocurrency companies constantly so as not to miss the token swap, because if you miss the token swap, your tokens that will not be swapped will just turn into a void.