For another view on the price.
The following is a list of fees for different types of transactions:
0.1 LISK of amount sent for a spend transaction
5 LISK for registering a second passphrase
100 LISK for registering a username
100 LISK for registering as a delegate
1 LISK to add a contact
500 LISK to register a dapp
5 LISK per member for registering a multi-signature group.
That means, if lisk hit 5usd/1 lisk Then it would cost 2500 to register a dapp on the blockchain.
That means, if lisk hit 10usd/1 lisk Then it would cost 5000usd to register a dapp on the blockchain.
That means, if lisk hit 25usd/1 lisk Then it would cost 12500usd to register a dapp on the blockchain.
How many developers of dapps are willing to pay those prices?
If lisk should fly, and get big over time, either these prices should be adjusted, or the price of lisk should be low.
I hope the developers will lower these prices though. Because it would give better value for the developers to get into lisk. And will get the price to go up for the investors.
Im an investor my self, and want all the best for lisk. But we need to have a realistic view on these things
Fees can and will be changed down the road. They will also be lowered at launch.
Similar to what this gentlemen pointed out I am deeply concerned about the transaction cost.
LiskHQ have set it to cost 0.1 LISK per transaction.
Even if you expect LISK to reach $1 on launch it means people would be spending $0.10 just to send a transaction! Likewise even a tiny $10 million market cap ($0.10 per LISK) would cost $0.01 per transaction (correct me if I'm wrong)! That's crazy given the advantages of cryptocurrency and would significantly limit any sort of IoT connectivity.
For me this is LISK just shooting itself in the foot but most of all
it will act as a massive barrier to price increases!Regardless of whether you lower these costs on launch (are you expecting people to wait at the same price before increasing them?). These fees need to be reduced dramatically and permanently.
Lastly on a sceptical note guess who benefits most from increased fees? Yep the
delegates.
For disclosure I am a LISK holder.