11-30-2021, 04:41 PM
Eth network fee's ruin the "give it a try" mentality
<!-- SC_OFF --><div class="md"><p>Short story here, and maybe someone can advise if there is any work around. </p> <p>I have some Dodo. Not much around 150 tokens. I saw it as a nice platform offering versatility to create your own tokens and exchange etc. Not only that but on Binance the staking amount seemed pretty generous. </p> <p>Turns out if you turn your Dodo into vDodo you can earn even better return. But this can only be done on the Dodo platform. </p> <p>So away i go, transfer my 150 tokens from Binance to my trust wallet (at the cost of 24 tokens) its a hit, but its all part of the experience. </p> <p>Now my coins are in my trust wallet, but there is now a staking fee of nearly $40. </p> <p>Which means my "give it a go trial investment to stake some coins" would cost me nearly $80 </p> <p>Now im all fine dumping $80 into something if its returned in some form. But there is no way i can get that sort of capital return back on my 150 (now 126 token) portfolio. </p> <p>For now my Dodo is sitting in my Trust wallet....the cost to return the coins is too high, and the cost to stake is too high. </p> <p>Puts a whole new spin on the phrase "Lost to the Eth'er'"</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/WhotookthenameCaloma"> /u/WhotookthenameCaloma </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r5i7v9/eth_network_fees_ruin_the_give_it_a_try_mentality/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r5i7v9/eth_network_fees_ruin_the_give_it_a_try_mentality/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Short story here, and maybe someone can advise if there is any work around. </p> <p>I have some Dodo. Not much around 150 tokens. I saw it as a nice platform offering versatility to create your own tokens and exchange etc. Not only that but on Binance the staking amount seemed pretty generous. </p> <p>Turns out if you turn your Dodo into vDodo you can earn even better return. But this can only be done on the Dodo platform. </p> <p>So away i go, transfer my 150 tokens from Binance to my trust wallet (at the cost of 24 tokens) its a hit, but its all part of the experience. </p> <p>Now my coins are in my trust wallet, but there is now a staking fee of nearly $40. </p> <p>Which means my "give it a go trial investment to stake some coins" would cost me nearly $80 </p> <p>Now im all fine dumping $80 into something if its returned in some form. But there is no way i can get that sort of capital return back on my 150 (now 126 token) portfolio. </p> <p>For now my Dodo is sitting in my Trust wallet....the cost to return the coins is too high, and the cost to stake is too high. </p> <p>Puts a whole new spin on the phrase "Lost to the Eth'er'"</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/WhotookthenameCaloma"> /u/WhotookthenameCaloma </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r5i7v9/eth_network_fees_ruin_the_give_it_a_try_mentality/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r5i7v9/eth_network_fees_ruin_the_give_it_a_try_mentality/">[comments]</a></span>Kind Regards R