ERC20 token minimums likely to increase

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Steve Sokolowski
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ERC20 token minimums likely to increase

Post by Steve Sokolowski » Tue Sep 01, 2020 12:14 pm

Unfortunately, the price of Ethereum is rising again, which means that the cost of sending ERC20 tokens is skyrocketing. Some tokens are approaching $4 for a single payout.

Currently, the free transaction threshold for most tokens is set to $60. We expect it to rise to a minimum of $100 and possibly $200 over the next few weeks. The minimum payout threshold, or the least the network will support, is likely to be $10 or even $20. If your balance is close to these numbers and the availability of free payouts affects your choice of payout coins, you may want to switch to a different payout coin before this change occurs.

Again, we apologize, and hate these fee issues as much as you do. If the price of ETH falls, we'll be glad to decrease the minimums again.
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