What kind of fees are there for using Blockmarket? I'm wondering how affordable it will be because that sometimes impacts the number of people who are willing to use a market.
Currently fees are 0.019 SYS to create an Alias(that last 1 year), 0.019 SYS to place an ad (which also lasts 1 year). There's also very small "dust" fees for all other transactions (0.00001 SYS) such as sending and receiving funds (like all crypto wallets), sending encrypted messages, etc
Syscoin 2.2 fees will be even less expensive for the simple transactions mentioned(~100k transactions for one Syscoin), but could also be more expensive as it will be cost per amount of data that is transferred in the transaction, reducing possible bloat, yet providing the most cost-effective and secure blockchain technology.
Thanks for the reply. That's extremely cheap compared to what I was expecting. I think low fees are going to increase users, so good job on that. I wonder how you were able to keep transfer fees so low?
