Many people here do not read and listen and are just posting to be paid. Some of you are telling me if its their own token it will cost nothing. -_- *facepalm* Im talking about the gas fee. Gas fee can be $0.20 so how expensive will an airdrop be?
Since when is sending 10,000 transactions for $100 expensive? That's incredibly cheap, can you imagine trying to send 10,000 individual payments with only $100 in network fees using any other payment platform?
For most people living in a developed country, $100 or even $1,000 is basically negligible. For companies looking to raise upwards of $1 million, they need to expect to spend a decent chunk of change initially marketing their project.
Yes but im not talking about projects looking to raise that much. Im talking about airdrops to create awareness before you recieve funding. Unless you do it after the ICO then i can see it happening. I pay $0.20 to send eth very often i think the lowest is $0.04 now it sounds like very little but for 10000 transactions it can cost a few hundred. Plus all the time it takes which costs you money as well. Not everyone wanting to run an ico is from a first world country and the gas fee might be a lot for them.
IF the projects aims to raise much then they have to spend some right? So yes they are going to pay the transaction fee which may cost few hundred or thousand bucks but they will get in few hundred or million bucks so totally they are going to be in profits. Running a bounty can't be cheap. For every person participating you have to pay a fee. For telegram and airdrops, how do the devs afford it?
10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.
What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$
Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.
10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.
What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$
Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.
Since when is sending 10,000 transactions for $100 expensive? That's incredibly cheap, can you imagine trying to send 10,000 individual payments with only $100 in network fees using any other payment platform?
For most people living in a developed country, $100 or even $1,000 is basically negligible. For companies looking to raise upwards of $1 million, they need to expect to spend a decent chunk of change initially marketing their project.
Yes but im not talking about projects looking to raise that much. Im talking about airdrops to create awareness before you recieve funding. Unless you do it after the ICO then i can see it happening. I pay $0.20 to send eth very often i think the lowest is $0.04 now it sounds like very little but for 10000 transactions it can cost a few hundred. Plus all the time it takes which costs you money as well. Not everyone wanting to run an ico is from a first world country and the gas fee might be a lot for them.
But see how many projects have airdrops,most run with bounty alone for that they no need any money if they can create their own token,they no need to hire bounty managers since most projects coming up with copper membership.They have to send their tokens only after ICO completes.
The cost to issue an asset is not too much and just spent a few ethereum and we are able to issue a new asset through ethereum smartcontract.
But i guess that guy above you is talking about the airdrop creator is not worth to send the token which need a lot of money to pay the gas.
Smartcontract is really complex algorithm. some airdrops even creating a smart request system which the airdrop participants can claim their airdrop when they are paying the gas as a tx fees with their own ethereum.