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Author Topic: Stablecoins on TRON without fees  (Read 6586 times)

Offline Aanuoluwatofunmi

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Re: Stablecoins on TRON without fees
« Reply #30 on: September 04, 2024, 11:37:33 PM »
Justin Sun just announced that he will remove all fees from Stablecoins.

Last week I just transfered 50$ USDT on TRC-20 and paid 8$ for the transaction, I am looking forward to that update.

What do you guys think about it? Are you facing the same issue on TRON?

I make use of tron network more often and i don't think i have for once made a transaction that cost me this much, though i may also have to ask about the network used and the platform used as well in other to reconfirm if this was really true, most of the people i know never for once made complain on the use of tron each time they perform any transaction because it is cheap, fast and reliable.

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Re: Stablecoins on TRON without fees
« Reply #30 on: September 04, 2024, 11:37:33 PM »

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Re: Stablecoins on TRON without fees
« Reply #31 on: September 11, 2024, 06:03:44 AM »
Justin Sun just announced that he will remove all fees from Stablecoins.

Last week I just transfered 50$ USDT on TRC-20 and paid 8$ for the transaction, I am looking forward to that update.

What do you guys think about it? Are you facing the same issue on TRON?
You send USDT from TRC20 worth $50 and have to pay a fee of $8, and Justin Sun said that he wants to remove the USDT transaction fee from TRC20. Wait, it seems that Justin Sun is playing or you are playing?

I have to prove what you said and I also have to prove what Justin Sun said. But if in fact the USDT fee from TRC20 is not free, then I should avoid this coin owned by Justin Sun, because Justin Sun has played with the facts.
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Re: Stablecoins on TRON without fees
« Reply #31 on: September 11, 2024, 06:03:44 AM »

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Re: Stablecoins on TRON without fees
« Reply #32 on: September 11, 2024, 06:11:36 PM »
Justin Sun just announced that he will remove all fees from Stablecoins.

Last week I just transfered 50$ USDT on TRC-20 and paid 8$ for the transaction, I am looking forward to that update.

What do you guys think about it? Are you facing the same issue on TRON?

I make use of tron network more often and i don't think i have for once made a transaction that cost me this much, though i may also have to ask about the network used and the platform used as well in other to reconfirm if this was really true, most of the people i know never for once made complain on the use of tron each time they perform any transaction because it is cheap, fast and reliable.
It’s true that the Tron network is widely recognized for its low transaction fees, fast processing times, and overall reliability. Tron’s main selling point has always been its cost-efficiency, especially when compared to networks like Ethereum, which can have higher fees during times of congestion. Many users prefer Tron for everyday transactions,

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Re: Stablecoins on TRON without fees
« Reply #33 on: September 12, 2024, 08:51:19 PM »
Justin Sun just announced that he will remove all fees from Stablecoins.

Last week I just transfered 50$ USDT on TRC-20 and paid 8$ for the transaction, I am looking forward to that update.

What do you guys think about it? Are you facing the same issue on TRON?
We know tron network fee very low from others. Erc-20 network fees more then high. But bsc and tron network fees low. But it also true that tron network fees are high from bsc Network. Even ton Network transection is Very first.

Normally i use Tron network. Overall thinking like, Fees, transection speed etc following i use Tron network.
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Re: Stablecoins on TRON without fees
« Reply #34 on: September 15, 2024, 12:35:38 AM »
Justin Sun just announced that he will remove all fees from Stablecoins.

Last week I just transfered 50$ USDT on TRC-20 and paid 8$ for the transaction, I am looking forward to that update.

What do you guys think about it? Are you facing the same issue on TRON?
We know tron network fee very low from others. Erc-20 network fees more then high. But bsc and tron network fees low. But it also true that tron network fees are high from bsc Network. Even ton Network transection is Very first.

Normally i use Tron network. Overall thinking like, Fees, transection speed etc following i use Tron network.
It makes sense why you prefer using the Tron network for transactions. Tron indeed offers a low-fee structure and fast transaction speeds, which makes it appealing for many users, especially when compared to Ethereum's ERC-20 network, where gas fees are notoriously high.
However you're right in noting that even though Tron has lower fees than ERC-20, its transaction fees can be slightly higher than BSC . In terms of speed, networks like TON are indeed faster, which could be an interesting option if speed is a priority for you.

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Re: Stablecoins on TRON without fees
« Reply #35 on: September 19, 2024, 05:11:25 PM »
Justin Sun just announced that he will remove all fees from Stablecoins.

Last week I just transfered 50$ USDT on TRC-20 and paid 8$ for the transaction, I am looking forward to that update.

What do you guys think about it? Are you facing the same issue on TRON?
TRON wants to make transaction free for USDT in TRON chain, but they have not implemented it yet, on the contrary, a few days ago it required 0.5-0.8$ to withdraw USDT from the exchange, but now it is demanding $1 again. Now the trend continues with TON and many exchanges claim 0 fee for USDT withdrawal on TON chain. However, since TRC-20 was a very popular chain for exchanging USDT, zero fees for USDT transactions is very important to maintain TRON's popularity in this competitive market.
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Re: Stablecoins on TRON without fees
« Reply #36 on: October 10, 2024, 04:58:10 AM »
Justin Sun just announced that he will remove all fees from Stablecoins.

Last week I just transfered 50$ USDT on TRC-20 and paid 8$ for the transaction, I am looking forward to that update.

What do you guys think about it? Are you facing the same issue on TRON?

I make use of tron network more often and i don't think i have for once made a transaction that cost me this much, though i may also have to ask about the network used and the platform used as well in other to reconfirm if this was really true, most of the people i know never for once made complain on the use of tron each time they perform any transaction because it is cheap, fast and reliable.
It’s true that the Tron network is widely recognized for its low transaction fees, fast processing times, and overall reliability. Tron’s main selling point has always been its cost-efficiency, especially when compared to networks like Ethereum, which can have higher fees during times of congestion. Many users prefer Tron for everyday transactions,

I personally prefer Ethereum but sometimes I trade on Tron network instead of Ethereum due to high fees due to network congestion of Ethereum. The reason I like Tron network the most is the low network fees and fast transactions.  Possible. Looking forward to seeing if Tron Network will be in good shape in the next few years.

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Re: Stablecoins on TRON without fees
« Reply #36 on: October 10, 2024, 04:58:10 AM »


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Re: Stablecoins on TRON without fees
« Reply #37 on: October 12, 2024, 08:31:06 PM »
Personally I'm not used to hodling a lot of altcoins however I do transact with stable coins once a while . Mostly I make use of USDT sometimes for some minor spendings if I can't spend bitcoins at the moment especially if fees are high. Most times if not all the time infact, I prefer USDT on the Tron network to other networks especially ERC20 (Ethereum network) because of fees and comparability.

USDT on the BNB network has good fees too and some times based on my experience it's even lower than TRC20 network fees for same amount of USDT. However I still prefer to have some TRC20 USDT just in case since it's more common than the BNB network and it's fees is also economical too.
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Re: Stablecoins on TRON without fees
« Reply #38 on: October 13, 2024, 12:47:28 PM »
Personally I'm not used to hodling a lot of altcoins however I do transact with stable coins once a while . Mostly I make use of USDT sometimes for some minor spendings if I can't spend bitcoins at the moment especially if fees are high. Most times if not all the time infact, I prefer USDT on the Tron network to other networks especially ERC20 (Ethereum network) because of fees and comparability.

USDT on the BNB network has good fees too and some times based on my experience it's even lower than TRC20 network fees for same amount of USDT. However I still prefer to have some TRC20 USDT just in case since it's more common than the BNB network and it's fees is also economical too.
Everyone has their own preferences, and I usually choose the most cost-effective way to transfer USDT. While USDT on Tron is very popular, I tend to use USDT on Binance because the BNB chain is already widely used with many dApps, unlike the relatively stagnant Tron ecosystem.

I don't see how Tron could offer free USDT transactions. If they wanted to implement this, they would have to cover the transaction fees themselves, even if they are very low or nearly free when staking TRX tokens. A few projects are also looking to support free stablecoin transfers, which would be a significant step in improving market liquidity.

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Re: Stablecoins on TRON without fees
« Reply #39 on: October 13, 2024, 08:10:27 PM »
Everyone has their own preferences, and I usually choose the most cost-effective way to transfer USDT. While USDT on Tron is very popular, I tend to use USDT on Binance because the BNB chain is already widely used with many dApps, unlike the relatively stagnant Tron ecosystem.
I don't see how Tron could offer free USDT transactions. If they wanted to implement this, they would have to cover the transaction fees themselves, even if they are very low or nearly free when staking TRX tokens. A few projects are also looking to support free stablecoin transfers, which would be a significant step in improving market liquidity.
Yes of course USDT on the BNB network is also common however I always prefer to have USDT on the Tron network instead because aside from fees many payment portals usually offer USDT on only 2 networks which is Tron network and Ethereum network  but I hardly use the Ethereum network because of their fees a way too high compared to thr others.

Anyways as for tron trying to implement a no fee system is kinda messed up to me I'm happy to pay fees for my transactions as long as they are low and reasonable. I really haven't studied how the Tron fee system works but I really don't think no fees is a good move.
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Re: Stablecoins on TRON without fees
« Reply #40 on: October 16, 2024, 10:26:25 PM »
Before we can make a transaction, all we first have to consider is the network to use in making our crypto stablecoin transaction, because the type of network used will also determine how lesser the transaction fee is going to be or how higher it may be as well, some of them could be as cheaper as if we are not paying anything for the transaction fee while some may be more demanding.

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Re: Stablecoins on TRON without fees
« Reply #41 on: October 18, 2024, 08:13:17 PM »
Before we can make a transaction, all we first have to consider is the network to use in making our crypto stablecoin transaction, because the type of network used will also determine how lesser the transaction fee is going to be or how higher it may be as well, some of them could be as cheaper as if we are not paying anything for the transaction fee while some may be more demanding.
Yes when we creat a transaction in stable coin the we see at first what network transaction fees are low. We sat trc thats means tron network fee is Very low. But Bnb Network fee also very low we know. I always use trc network and bnb network.

Even if we compare with trc20 vs bnb network. Then we will see bnb network and fees is lower then trc network.
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