0.01 ETH is worth more than 0.0003 btc, is higher than bitcoin transaction fee, and the TIME is only worth 0.005 btc, so if people get 1 time for bounty, they need to pay 6% for transaction fee? Too high.
Nah, gas wouldn't cost that much.
Current gas price is 18 gwei = 18 x 10^ (-9) ether
And it takes around 51000 gas for a TIME transaction.
So, it would only cost around 0.001 ethereum.
( You can check current gas price at
https://ethstats.net/ )
That's right. Token transfers in Ethereum is a lot cheaper for now than in Bitcoin. I usually pay -> Actual Tx Cost/Fee: 0.000441 Ether ($0.02) to 0.001598697 Ether ($0.07).
https://www.myetherwallet.com/ computes the fee for you.
Saying transfers require 0.01 ETH is lazy research as both Poloniex and Bittrex charges those fees. In fact, the Ethereum community should complain about the exchanges' high ETH fees.