Quote from: CreditBit-dev on June 16, 2017, 01:14:35 PM

Quote from: wwzsocki on June 16, 2017, 11:43:39 AM

How much fuel ETH do you need for development?
How much does it cost and where is funding source?
Do you have plans to add custom features or just take advantage what ETH has to offer?

I am really worried about ETH price. It will go up. Market cap explodes and price will moon soon together with fees and other costs. This could be very expensive.

Thank you again for your questions.

An amount of ETH, needed for deploying Smart Contracts on the Ethereum blockchain, is negligible. Approx. 0,1 ETH was used for gas, we could check each transaction to get an exact amount. These ETHs we purchased ourselves. Future costs will be covered from the Development Fund, which is described in the Whitepaper.

We are also observing ETH price with bipolar feelings. Although gas price for transactions (including SC deployment) is adjusted with time, we are counting on that new versions of the Ethereum blockchain will enable charging fees in CreditBit Tokens (not only in ETH).

We are definitly developing custom features for CreditBit Token, but they still rely on the underlying Ethereum blockchain technology that enables storing and executing Smart Contracts.

Dev Team

Letting Eth tokens to charge transaction fees on their own token would be more then fair from ETH developers. They could collect their fee on other currencies as well i guess.