Quote from: sammyp on Today at 07:06:26 PM

Quote from: 21GlobalCoin on February 23, 2021, 02:29:21 PM

Quote from: lx001 on February 23, 2021, 02:23:06 PM

I have never used Uniswap before, how much would it cost to exchange ETH to MVT? Etherscan shows that Uniswap Swap estimated cost is $145.21, is it real? Do I need to pay $300 to get $150 worth of tokens?

yeah this is because Ethereum is unfortunately severely broken cause it can't handle the traffic it's receiving ... so it has pretty much become a whale network. I hope ETH 2.0 comes within the next 3 years or projects like The Movement migrate to a better chain. What do you guys think about this?

Then this must be looked into, why would I spend more on fees than the actual value of the asset I intend to get. This discourages beginners and will always cripple most of us if it continues that way. I would appreciate if there is another way of getting MVT.

It's understandable to be frustrated. Uniswap, while amazing in what it has done for decentralized exchanges, it is expensive when the network's gas is so high. Unfortunately, when it comes to layer1 ethereum, it is pay-to-play. Layer 2 will fix this, but nothing is free. The world saw how that turned out with business models like Facebook. It's free until you realize what you've given up to use the service. Pros and cons to being your own bank and abandoning traditional financial institutions. Wink

In the meantime, there are other ways to earn MVT. If you are already holding MVT, you can pair it with ETH to generate LPs to deposit in the farming contract. If you have skills you'd like to share with the DAO, reach out and we can set up some sort of bounty. One such project I could use some help with is MovementDAO.Finance and the backend contracts. We are always looking for Movers to start spheres. There are still bounty funds available. And if any of that isn't appealing and you still want to hold some MVT or MDT get a hold of me. We can work something out. Also, Season 2 Farming starts soon!

Pineapples is also building a cross-chain oracle that I believe will solve a lot of the problems seen in the crypto space. If you've never seen his Obelus.Voto and mind bending 4D Chess, check it out. Cross-chain inoperability is going to be the future of a tokenized society. Different layers for different things on different chains. Ethereum isn't going anywhere and when it comes to developers, infrastructure, and balls I think they've got it cornered.

Reach out if you'd like to be more involved! All are welcome!

gumshed