Post
Topic
Board Announcements (Altcoins)
Re: [ANN] XtraBYtes - The Proof of Signature Blockchain Revolution
by
bigboss154
on 31/07/2017, 15:10:55 UTC
Yeah you get everything right. This system to function is very costy - 50XBY is a really high fee for transfer funds. If it won't be below 1XBY this coin will never got a massive popularity.
A month or 2 ago when valuation was 20M USD transfer cost 3USD - and it was a joke. It was more expesive than LTC and almost like BTC, but network isn't in any usage at all.

i agree...so maybe it has to be a percentage, like 0.5% or 1% per transaction...
I hope it will changed in the future!

The fee is not going to be 50 XBY forever, that is ridiculous. It is only that high right now as a means to fund development, it will lower once the price increases.