threefoldfoundation / tft

Threefold token
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Consider reducing bridge fees #274

Open scottyeager opened 6 months ago

scottyeager commented 6 months ago

Since TFT price rose dramatically over the last few days, some users are asking about reducing the bridge fees, especially on Binance Chain.

Currently the gas fee to call the Mint function on the TFT is about $.15 (recent sample transaction).

Whereas 100 TFT bridge fee equals about $5 at TFT price of $0.05.

Granted:

I think we could still safely reduce the fee to perhaps 25 TFT for Binance Chain. Then even if TFT price drops to $0.02, we are still charging the same amount in dollar terms ($0.50) as when TFT was at all time low of $0.005.

scottyeager commented 5 months ago

A couple points to add:

Mik-TF commented 5 months ago

I second for the BSC to 25 TFT. Makes sense.

For Eth, we'd need more data.

As you said, the best would be dynamic.