Author

Topic: Damn the fees (Read 181 times)

sr. member
Activity: 1680
Merit: 288
Eloncoin.org - Mars, here we come!
May 14, 2024, 02:21:35 PM
#21
It isn’t the fault of the project. It’s just the cost of transaction fees at this time. This is why developers choose blockchains like BNB, Solana, Stellar etc. Because they have lower transaction fees. And I think that any project that has to do with users making frequent withdrawals should be built on these chains or the users will leave due to frustration (which is seeming to be your case).
hero member
Activity: 952
Merit: 555
May 13, 2024, 07:05:04 AM
#20
Gaming companies can't lower fees because the network they use belongs to another ecosystem, and they can't do anything about it, especially when the network is congested, it will make fees higher than they should be. However, GameFi companies usually use the BSC or Solana ecosystem, and their fees should still be reasonable compared to GameFi which is built on Ethereum. If the platform you use is Ethereum, you can wait until the network is more normal, and the fees should be more reasonable.

The incidence of network fee is not what we have been facing now, this has always been, we should know them for high network fee because some of the networks they make use demands for such, we have a good example with the ones on the Ethereum network, we have experienced such a long time and that still remains, only that some times, we can be lucky to see the fee being minimized from the previous.
legendary
Activity: 2534
Merit: 1338
May 12, 2024, 04:26:24 PM
#19
Gaming companies can't lower fees because the network they use belongs to another ecosystem, and they can't do anything about it, especially when the network is congested, it will make fees higher than they should be. However, GameFi companies usually use the BSC or Solana ecosystem, and their fees should still be reasonable compared to GameFi which is built on Ethereum. If the platform you use is Ethereum, you can wait until the network is more normal, and the fees should be more reasonable.
That is the reality of the situation, if the developers behind those coins created their own blockchain instead of just using one that belongs to another project then their fees could remain low, but this will require way more from them, so they take the easy way out and create their projects above the ethereum network, which as we know it can get very congested when it has thousands of projects doing the same, so it does not surprise me that those trying to earn a few dollars this way, find themselves unable to withdraw their coins for a cheap fee.
sr. member
Activity: 1106
Merit: 391
May 11, 2024, 01:26:43 AM
#18
Gaming companies can't lower fees because the network they use belongs to another ecosystem, and they can't do anything about it, especially when the network is congested, it will make fees higher than they should be. However, GameFi companies usually use the BSC or Solana ecosystem, and their fees should still be reasonable compared to GameFi which is built on Ethereum. If the platform you use is Ethereum, you can wait until the network is more normal, and the fees should be more reasonable.
hero member
Activity: 1232
Merit: 516
May 10, 2024, 03:14:58 PM
#17
Duncun upgrade of ETH network reduces transaction fees in layer 2 network significantly. We know Gamefi requires frequent interaction with the blockchain which costs gas fees, but the current layer 2 network gas fees is around 0.01$ which isn't too much in my opinion. If gamer wants gas fees lower than this, then i must say that the game will be profitable at the end when the player doesn't want to spend a penny on transaction fees. I don't think every body play for money.
legendary
Activity: 2198
Merit: 1232
May 10, 2024, 02:04:21 PM
#16
While GameFi projects based on the ERC-20 contract are actually purchasing and shooting, players are turning away from games due to serious fee problems. Now, if you are thinking of making your own game, are you going to use an existing blockchain? You should probably do this, since you cannot create any blockchain network yourself.

You can install the game on the BSC or Ronin network, or maybe on the matrix chain. These were just suggestions. Ultimately, it is up to you to develop the game and which network it will be integrated into.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
May 10, 2024, 01:16:22 PM
#15
The slogan is 'Free-to-play gamefi,' but the fees are sky-high! It's just too much. I understand that gaming companies aren't charities, but can't they lower the fees? Seriously, I've worked hard to earn these coins, and when I'm excited to withdraw them, the fees are so high that I end up losing money. It's really disappointing. No matter how fun the game is, people can't endure this. Today, I want to introduce a breath of fresh air in the GameFi space, a truly free-to-earn game - ShanHai.
It is not fun to play games without money, because you can never stop playing games by thinking about this gas fee. The higher the cost the more fun the game gets, but since the game you mentioned I'd definitely be up for playing this game. And I will see if this website is useful enough for the game. However, it is normal for games to be expensive to play, especially on the Ethereum network.
If you think about the fees, you can't focus on your game and you can't enjoy it properly but that is if you are a budget/poor player. I'm not a wealthy person but if I think I can earn more later on, I can surely sacrifice some money for the fees. The fun of the game does not depend on its cost but no doubt that some paid games are being given an attention because devs know that they can earn on it later on.

You are right about the ETH network and this issue is not new anymore. Game developers has nothing to do with that and we aren't forced either, to play their games. But like on crypto that we have alternatives for ETH, that also works the same in terms of gaming. We can always go for them instead.
member
Activity: 742
Merit: 21
May 09, 2024, 01:41:12 AM
#14
The slogan is 'Free-to-play gamefi,' but the fees are sky-high! It's just too much. I understand that gaming companies aren't charities, but can't they lower the fees? Seriously, I've worked hard to earn these coins, and when I'm excited to withdraw them, the fees are so high that I end up losing money. It's really disappointing. No matter how fun the game is, people can't endure this. Today, I want to introduce a breath of fresh air in the GameFi space, a truly free-to-earn game - ShanHai.

It is not fun to play games without money, because you can never stop playing games by thinking about this gas fee. The higher the cost the more fun the game gets, but since the game you mentioned I'd definitely be up for playing this game. And I will see if this website is useful enough for the game. However, it is normal for games to be expensive to play, especially on the Ethereum network.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
May 08, 2024, 08:52:59 PM
#13
you want to make your own game that is free you need to create your own blockchain or at least utilize blockchain that is underrated that got almost no userbase so the fee is near zero but then your game won't have any userbase at all.
also, if you make your game free there will be so many sybils that tries to farm your game through the use of those bots, therefore making your coin value deplete overtime.
there's reason why current gamefi always require many prerequisite its because they want to make their economic model works.
without such thing as buying NFT and buying ticket to play the game, the project gonna get valued low in no time.
so your idea is flawless, there's always hurdle, nothing completely free these days, even more so when you are trying to make gamefi and try to submit data to blockchain.
hero member
Activity: 2324
Merit: 513
Catalog Websites
May 08, 2024, 05:05:21 PM
#12
I still don't understand the high fee concept here. Are you guys not charging any fees for withdrawal? If not then how are you generating revenue?
Most of the games that are free to play or have that concept have their own withdrawal fees.
They're not mostly much because if that's not the source of income they have, they've got the in game structure that allows them to earn commissions from their players.
sr. member
Activity: 1708
Merit: 295
https://bitlist.co
May 08, 2024, 01:25:50 PM
#11
All in all, you're trying to introduce your project, I don't really feel the need to come across it especially when someone tries to offer to use their services.

Let's face it, gamefi is still very hype, especially with poor quality products that simply copy the content of another service and label it with blockchain technology.

Let's look at some of the successes of some projects in this field and ask the opposite question why they have so many players without having to spend too much time trying to spread a certain message. The surrounding scope of the field attracts amateur developers to turn the scene into a gaming and crypto dump, but hopefully you will gain more experience along the way.
sr. member
Activity: 490
Merit: 279
May 07, 2024, 12:30:30 AM
#10
The slogan is 'Free-to-play gamefi,' but the fees are sky-high! It's just too much. I understand that gaming companies aren't charities, but can't they lower the fees? Seriously, I've worked hard to earn these coins, and when I'm excited to withdraw them, the fees are so high that I end up losing money. It's really disappointing. No matter how fun the game is, people can't endure this. Today, I want to introduce a breath of fresh air in the GameFi space, a truly free-to-earn game - ShanHai.

The token $DRN of this game has not been doing great in the current market. It reached its peak this year January to $14 and currently it is trading at $4.75 and is available on two exchanges. Any plans for this token to be listed on a big exchange?

I still don't understand the high fee concept here. Are you guys not charging any fees for withdrawal? If not then how are you generating revenue?
full member
Activity: 280
Merit: 110
Eloncoin.org - Mars, here we come!
May 06, 2024, 10:40:38 PM
#9
The slogan is 'Free-to-play gamefi,' but the fees are sky-high! It's just too much. I understand that gaming companies aren't charities, but can't they lower the fees? Seriously, I've worked hard to earn these coins, and when I'm excited to withdraw them, the fees are so high that I end up losing money. It's really disappointing. No matter how fun the game is, people can't endure this. Today, I want to introduce a breath of fresh air in the GameFi space, a truly free-to-earn game - ShanHai.
If this is the case then the project might not be a long lasting and constructive one. At launch or after some time the projects mostly offer low fees so that investors can get benefit while compared to other similar projects.

This strategy derives most of the customer to the platform while if you do opposite to that it'll take your project and it's investors both down.
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
May 06, 2024, 09:50:43 PM
#8
The slogan is 'Free-to-play gamefi,' but the fees are sky-high! It's just too much. I understand that gaming companies aren't charities, but can't they lower the fees? Seriously, I've worked hard to earn these coins, and when I'm excited to withdraw them, the fees are so high that I end up losing money. It's really disappointing. No matter how fun the game is, people can't endure this. Today, I want to introduce a breath of fresh air in the GameFi space, a truly free-to-earn game - ShanHai.

You can still save more coin while playing, that's normal that fees got so high during these days of pumping market. Blockchain network rises it's gas fee once demand continuously increase, the value will also spike as well as the fee of withdrawal.
Trading conversion is automatically charged upon execution of withdrawal, so it's not a new thing and you'll getting used to it from time to time.
legendary
Activity: 2268
Merit: 1655
To the Moon
May 06, 2024, 06:56:08 PM
#7
If we are talking about those tokens under erc20 then its normal or just an ordinary day but if we do speak about other chains then we do know that there are really indeed times or moments that network is really that having that clogged condition or tons of pending transactions on which it causing up for the fees to get high. Therefore, if you are on such condition then the only option you are needing to do is to wait up for everything to subside.

You can really make out some calculation whether its worth to make some withdrawal on that point or wouldnt really be doing such thing because it is really that a total loss.
You could really be able to make out that kind of differentiation and it would really be common sense that you would be holding your position if you do find it not to be worth
on which its a simple solution.  Smiley

As I understand it, the problem is not the network commission, but the fact that gaming companies charge additional commission from players, thus ensuring profit. And as a rule, the fewer players there are, the higher the fees are charged.
legendary
Activity: 3122
Merit: 1140
May 06, 2024, 02:59:29 PM
#6
The slogan is 'Free-to-play gamefi,' but the fees are sky-high! It's just too much. I understand that gaming companies aren't charities, but can't they lower the fees? Seriously, I've worked hard to earn these coins, and when I'm excited to withdraw them, the fees are so high that I end up losing money. It's really disappointing. No matter how fun the game is, people can't endure this. Today, I want to introduce a breath of fresh air in the GameFi space, a truly free-to-earn game - ShanHai.
If we are talking about those tokens under erc20 then its normal or just an ordinary day but if we do speak about other chains then we do know that there are really indeed times or moments that network is really that having that clogged condition or tons of pending transactions on which it causing up for the fees to get high. Therefore, if you are on such condition then the only option you are needing to do is to wait up for everything to subside.

You can really make out some calculation whether its worth to make some withdrawal on that point or wouldnt really be doing such thing because it is really that a total loss.
You could really be able to make out that kind of differentiation and it would really be common sense that you would be holding your position if you do find it not to be worth
on which its a simple solution.  Smiley
legendary
Activity: 3178
Merit: 1054
May 06, 2024, 01:26:27 PM
#5
Playing the game is not what that make you realizes paying high fees except you're trying to make withdrawal and at the cause of doing this, you may have to make use of a network which fee is more cheaper and lower, which will be more affordable, as everyone already suggested, don't even go near the use of Ethereum network, sometimes, what you're sending may be lesser to the transaction fees to encounter.

most probably designed this way to keep users playing. its one of the strategy that even casinos do to make users stay for longer. but with more games and competition in think these kind of issues will soon disappear as more users will prefer to move to games that will allow them to make money.

but this should have been considered already even before they develop the games with the tokens. EOS i think fits the role for the network they should be utilizing if they want adoption. most gamers are kids who doesn't have funds on thier own.
hero member
Activity: 952
Merit: 555
May 06, 2024, 11:12:24 AM
#4
Playing the game is not what that make you realizes paying high fees except you're trying to make withdrawal and at the cause of doing this, you may have to make use of a network which fee is more cheaper and lower, which will be more affordable, as everyone already suggested, don't even go near the use of Ethereum network, sometimes, what you're sending may be lesser to the transaction fees to encounter.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
May 06, 2024, 08:36:54 AM
#3
The slogan is 'Free-to-play gamefi,' but the fees are sky-high! It's just too much.
If you are playing the game based on the non scalable blockchain like ethereum then it was not a free to play gamefi. The fees will eat you. The better if you are playing the game that runs on the scalable blockchain. I current played the game based on the binance smartchain blockchain. It's 200x chearper than shitereum blockchain which would cost me 100 bucks for any transaction.

I understand that gaming companies aren't charities, but can't they lower the fees? Seriously, I've worked hard to earn these coins, and when I'm excited to withdraw them, the fees are so high that I end up losing money.
They were running not in their own blockchain. How can they lower the fees? that doesn't even matter. The possible thing for them to leave from non scalable blockchain then move to the scalable blockchain. It's called migration.
It's really disappointing. No matter how fun the game is, people can't endure this. Today, I want to introduce a breath of fresh air in the GameFi space, a truly free-to-earn game - ShanHai.
So, the main purpose if this thread is for marketing?  Shocked
hero member
Activity: 3080
Merit: 603
May 06, 2024, 06:42:16 AM
#2
The slogan is 'Free-to-play gamefi,' but the fees are sky-high! It's just too much. I understand that gaming companies aren't charities, but can't they lower the fees?
What fees do you say about free to play gamefis? About the networks? when one's network is too clogged, there's no way to drop it asap. And we don't know have full control over it.

Seriously, I've worked hard to earn these coins, and when I'm excited to withdraw them, the fees are so high that I end up losing money. It's really disappointing. No matter how fun the game is, people can't endure this. Today, I want to introduce a breath of fresh air in the GameFi space, a truly free-to-earn game - ShanHai.
You don't end up losing money when the fees are so high unless you do the transaction and you feel regretful of doing the transaction because of it.
jr. member
Activity: 168
Merit: 5
May 06, 2024, 04:38:34 AM
#1
The slogan is 'Free-to-play gamefi,' but the fees are sky-high! It's just too much. I understand that gaming companies aren't charities, but can't they lower the fees? Seriously, I've worked hard to earn these coins, and when I'm excited to withdraw them, the fees are so high that I end up losing money. It's really disappointing. No matter how fun the game is, people can't endure this. Today, I want to introduce a breath of fresh air in the GameFi space, a truly free-to-earn game - ShanHai.
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