Who pays for airdrop distribution? | Bitcointalksearch.org

hugeblack

legendary

Activity: 2702

Merit: 4002

You must pay the fees when sending, but how much will these charges cost you?
I've done a lot of conversions using ether but I do not think these fees will be large.
If we compare these fees with the costs of advertising, design, site protection and the developer team you will find it near zero.

Quote from: blink1337 on April 22, 2018, 07:48:46 PM

For example, if I create a project but want to distribute 100% of these tokens for free to people, how can I do this if I have to pay the transaction fee to send these tokens?

If you create a project, I'm sure that's the last thing you're thinking about

Awesomus Maximus

member

Activity: 392

Merit: 66

Quote from: blink1337 on April 22, 2018, 07:48:46 PM

who pays for the transaction fees when the tokens are sent to people’s wallets

In the crypto-world, the sender always pays the fees.
This is a huge difference if you are used to paying with credit cards, for example.
With credit cards, you sometime have the illusion that the merchant pays the fees.
But in fact, the buyer (sender of funds) pays the fees even in this case.
The fees are just masked in the price of the goods you are buying. That's all.

gabriela1999

member

Activity: 299

Merit: 10

The project that pays the eth fee vs the token they release to you. If you have a project and a token. you will pay for it

jseverson

hero member

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Merit: 759

Quote from: blink1337 on April 22, 2018, 07:48:46 PM

For example if I create a project but want to distribute 100% of these tokens for free to people, how can I do this if I have to pay the transaction fee to send these tokens?

You can't without funds. Most of these projects are very well funded so they can afford to shoulder such costs. I mean, for a legitimate project, you're at least going to need a development team, and that costs a lot of money. Transaction fees for the airdrop would be pennies compared to that.

If you're planning on releasing a project you made yourself, you can put it under marketing costs. Otherwise, ICO, maybe?

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Yes. The airdrop distributors do pay ETH fees. And yes, chances are that they only spend very small fees due to them going to need to send hundreds and thousands of tokens to hundreds and thousands of addresses. If they paid high fees it would be quite expensive. It's not like the people are rushing to receive the airdrops though, they're pretty much free so they shouldn't have something to complain about.

Alluro

member

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Merit: 19

The project pays transaction fees. If you create an airdrop campaign with some tokens, You have to pay transaction fees.

blink1337

newbie

Activity: 15

Merit: 0

Sorry for the newb question but

If a project is distributing free tokens via airdrops who pays for the transaction fees when the tokens are sent to people’s wallets? ? ETH charges a fee to send these tokens. Is there a way to send erc-20 tokens with no fee or a small fee to multiple addresses all at once to multiple peoples addresses?

For example if I create a project but want to distribute 100% of these tokens for free to people, how can I do this if I have to pay the transaction fee to send these tokens?

Topic: Who pays for airdrop distribution? (Read 149 times)