High transaction fees will be the downfall of Ethereum ?

charlielee
2022-10-21 09:36:42

Ethereum killer app have not yet materialized, but the erc20 token economy is a good thing going for ethereum
thousands of airdrops and bounty distributions every minute ...
But as the transaction fee reaches and surpasses the 1$ per transaction,
projects will reconsider airdrops and maybe some bounties ...
on average an airdrop can reach 2000-10000, is it worth it for any project to spend 10000$ for simply spreading their tokens ?
ICO/IEOs might still do airdrops but i doubt we will see much community tokens in the future ....
Or .... another token platform with better fees will take the leading role from ethereum ...

dianasmith
2022-10-21 09:37:27
The transaction fees this time around is damn high, some of these projects doing bounties/airdrop now are really spending hell of money for transaction fees, to worsen the situation, i received bounty token that the transaction fee value is higher than the value of the token I received. Tron blockchain is doing well regardless because their fees are almost free.