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Author Topic: People lossing interests on ERC-20  (Read 7240 times)

Offline Coin63@

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People lossing interests on ERC-20
« on: September 06, 2020, 03:20:39 AM »
In the past few weeks, we have all witnessed an enormous surge in the transaction fees on the Ethereum Blockchain with very low transaction speed. It greatly impacted the business and forced us to transfer the increment in those fees to the community and users of our application. In a bid to resolve this and avoid future related issues, we have proposed to migrate our token to the Tron blockchain. This will enable us to secure the future of your investments and that of the project.

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People lossing interests on ERC-20
« on: September 06, 2020, 03:20:39 AM »

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Offline Hometown

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Re: People lossing interests on ERC-20
« Reply #1 on: September 06, 2020, 05:58:30 AM »
Actually Erc20 based platforms assets are based on Ethereum gas fees depending. So if I transfer ERC-20 assets from mew to the any exchange it cuts the Ethereum due to Ethereum 2.0 platform. So tron, stellar, others some coins transfer it required to cut Tron, stellar and Ripple. So people lossing ERC-20 assets interest.

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Re: People lossing interests on ERC-20
« Reply #1 on: September 06, 2020, 05:58:30 AM »

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Re: People lossing interests on ERC-20
« Reply #2 on: September 06, 2020, 07:00:58 AM »
I agree with you that the demand for etherium has decreased a lot due to higher gas fees. Transactions have been so low that many are stopping Ethereum investments which is causing them to lose interest and prices are going down. However, blockchain technology can greatly improve the speed of transactions. The future is going to be much better through blockchain.

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Re: People lossing interests on ERC-20
« Reply #3 on: September 06, 2020, 09:34:14 AM »
Despite of high gas fee. The people won't abandon Ethereum. What is happening now could be temporary and be resolve later by Ethereum team lead by Vitalik. I think the reason why migrate is grudge over Ethereum fees. I hope everything will be okay sooner to anticipate huge migration from Ethereum to another form of blockchain.
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Re: People lossing interests on ERC-20
« Reply #4 on: September 06, 2020, 12:04:48 PM »
Yes, I also noticed that you need to pay a lot for gas now. And that scares me. Therefore, I have already started using the Tron blockchain too.
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Re: People lossing interests on ERC-20
« Reply #5 on: September 06, 2020, 12:55:31 PM »
this might happen now that there were too much gas fee for ethereum blockchain. I can't believed vitalik don't do anything to lower the price and mitigate the issue on high price and.posible transfer of users to other blockchain base platform.
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Re: People lossing interests on ERC-20
« Reply #6 on: September 06, 2020, 01:50:37 PM »
As a matter of facts, the higher the price of a commodity, the lower the demand. The law of demand and supply is currently playing out on the Ethereum platform, hence people are moving away from Ethereum to other cheaper coin/token  with lower transactions fees. It is as simple as that.

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Re: People lossing interests on ERC-20
« Reply #6 on: September 06, 2020, 01:50:37 PM »


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Re: People lossing interests on ERC-20
« Reply #7 on: September 06, 2020, 02:38:35 PM »
Despite of high gas fee. The people won't abandon Ethereum. What is happening now could be temporary and be resolve later by Ethereum team lead by Vitalik. I think the reason why migrate is grudge over Ethereum fees. I hope everything will be okay sooner to anticipate huge migration from Ethereum to another form of blockchain.
i am also looking to solve this kind of problem. because many people left the eth platform to others platform like TRX Or XLM due to gas fee problem. as a eth fan, i dont like to watch peoples left from eth platform. i hope that ethereum team solve the problem as much as possible. otherwise people lossing their interest deeply.
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Re: People lossing interests on ERC-20
« Reply #8 on: September 06, 2020, 04:27:43 PM »
I agree with the high transactions fee, a horrible part in ERC-20 tokens right now. But, it just not determine people are losing interests on ERC-20. Once ethreum 2.0 implement on this platform it will come down.

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Re: People lossing interests on ERC-20
« Reply #9 on: September 06, 2020, 05:40:07 PM »
Those who are already familiar with cryptocurrency may switch or leave ERC-20 because they already know the advantages and disadvantages of using ERC-20. But for new Cryptoners, I think they still interested using ERC-20.
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Re: People lossing interests on ERC-20
« Reply #10 on: September 06, 2020, 08:18:44 PM »
i doubt people losing their interest on ERC token. The high fees are just temporary and may lift at anytime. There are so many token on ethereum blockchain and some have a high possibility of returning good profit in the future. $1 or $2 is nothing if your transaction goes beyond $100.
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Re: People lossing interests on ERC-20
« Reply #11 on: September 06, 2020, 08:26:44 PM »
In the past few weeks, we have all witnessed an enormous surge in the transaction fees on the Ethereum Blockchain with very low transaction speed. It greatly impacted the business and forced us to transfer the increment in those fees to the community and users of our application. In a bid to resolve this and avoid future related issues, we have proposed to migrate our token to the Tron blockchain. This will enable us to secure the future of your investments and that of the project.
I am trying to find the relationship between the title and the topic content, and also the topic's section. Are you a team member of any crypto project? Please share more information about that project, and its connection to Bitcoin + ERC20 + TRON :)
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Re: People lossing interests on ERC-20
« Reply #12 on: September 07, 2020, 01:07:28 PM »
I agree with you that the demand for etherium has decreased a lot due to higher gas fees. Transactions have been so low that many are stopping Ethereum investments which is causing them to lose interest and prices are going down. However, blockchain technology can greatly improve the speed of transactions. The future is going to be much better through blockchain.
Interest and demand for Ethereum is not decreasing, but on the contrary it is growing now thanks to the hype around Defi. We have already seen the maximum price of ETH at $488, and after the correction, we should see an even higher price.

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Re: People lossing interests on ERC-20
« Reply #13 on: September 07, 2020, 02:36:33 PM »
I think people are interested in ERC20, in fact over the past two months, the market capitalization of all ERC-20 tokens has jumped to about $ 25.6 billion, or about 49% of the total assets on the Ethereum (ETH) blockchain which total $  52.6 billion.

Offline LaZim

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Re: People lossing interests on ERC-20
« Reply #14 on: September 07, 2020, 03:15:41 PM »
I used to always buy Ethereum to withdraw it from the exchange and get a Fiat. Now the Commission is huge, I think you need to use other altcoins to cash out.

 

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