Post
Topic
Board Announcements (Altcoins)
Re: ANN [STK] STK Global Payments - A New Cryptocurrency for Instant Payments
by
nabilapimpo
on 14/12/2017, 03:32:42 UTC
You are telling that it is fee free. But it is an ethereum token so every transaction needs gas for it. If you use other cryptos for payment it would also need some gas maybe iota won't ask for it. So you are not counting gas as a fee or do you have an alternative solution for it?


Agreed. There are gas costs.  However, keep in mind that gas is only applied once the state/payment channel is closed and posted on the blockchain.  Therefore, say the channel is open for 5 transactions, you would only pay gas fees once for those 5 transactions.

But what will happen ethereum network got clogged like the last couple of days. You would raise gas and even 1/5 will be some big value.

I think calling it no-fee is misleading and don't think it is possible for any payment method to get mainstream on ethereum chain right now. Thousands payments in second with some eth token, it couldn't carry the cats.
Yes, each project has flaws and shortcomings. dependent we want to see a shortage or excess.If the token market it could flatform marketing task to promote the project, if the token market quite popular so nice to help ICO success.

Agreed, every project must have different advantages and disadvantages. We just look hopefully this project can succeed and his nice ICO.