Will the Chille Blockchain stop the token fees associated with withdrawing SafeX from exchanges?

in safex •  7 years ago  (edited)

So the fee is 100 SafeX to withdraw any amount, this used to be $0.90 & has now climbed to around $3.00 - So the old reasoning that this is purely for the type of token it is (Like XRP, NEM, Bitshare), and that it is to pay the miners on the BTC blockchain to move it has really started to make me wonder - If the tax fee to move these tokens stays static, what happens when these coins appreciate to a level that say, 5 XRP is worth $50?

With the 'upcoming' Chille Blockchain on the horizon for Safexchange, I was wondering if this will eliminate the need to use the BTC Blockchain, and subsequently the fees associated with withdrawing. I feel as though it wouldn't since you pay the same no matter the value of the coin, as that should be a sliding scale if you're paying a fee, no?

Any insight would be greatly appreciated, thanks y'all!

-Dapperwookie

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @dapperwookie! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:

SteemitBoard - Witness Update
SteemFest³ - SteemitBoard support the Travel Reimbursement Fund.

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @dapperwookie! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!