stackup-dev / open-source-campaign

Repository for StackUp's Open Source Campaign
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Add withdrawal feature with other cryptocurrencies #378

Open riyosan opened 2 years ago

riyosan commented 2 years ago

Name of Proposer riyosanto

Is your feature request related to a problem? Please describe. I have difficulty withdrawing the rewards that are in the stackup using crypto currency, I have to wait until there is a campaign.

Describe the solution you'd like my suggestion to the stackup developer team is to add an attractive reward feature through more popular cryptocurrencies such as BTC and ETH or other cryptocurrencies that are popular but have low fees or are free.

Describe alternatives you've considered or the developer can use paypal as an alternative.

x-radd commented 2 years ago

I'll suggest Ripple (XRP), Steller (XLM), IOTA and Litecoin (LTC) for withdrawal.

Reasons:- XRP: Ripple is a cryptocurrency designed to improve the global payments system, making it easier to transfer large amounts in a shorter timeframe. The average transaction on Ripple takes between 3-5 seconds to settle, and the average transaction cost is around $0.00265.

XLM: The Stellar blockchain is incredibly fast, and payments are verified and settled within a few seconds at most. The average transaction costs are also jaw-droppingly low, coming around to 0.00001 Lumen, which is Stellar's token.

IOTA: IOTA is an open and feeless data and value transfer protocol. IOTA doesn't charge any transaction fee at all. There are no miners on the IOTA network either, and each transaction can be completed without requiring any serious computing power. This also negates the need to pay any gas fee.

LTC: Litecoin was originally designed for payments, giving you an idea that the developers have taken steps to keep the transaction fees as low as possible.The transaction fee, on average, is around $0.0070 per transaction, and it takes around two minutes to settle each transaction. Litecoin is also considerably popular as it's one of the oldest cryptocurrencies in the market right now.