Evading those giant high fees inherent to Uniswap and Ethereum is a question i have tried to solve myself. I am a legitimate illiterate overall and in this cryptoulog, we will see what solutions we can spot. I am thinking ‘Hotbit’.
Everything will happen in a livestream.
Note: I was so disoriented in this video, that i forgot to share my screen as i intended. However, you will get my gist and the solution is an exchange called ‘Hotbit’.
Especially for small traders e.g those looking to buy the yearn.finance type tokens or YFI, high fees is a giant turn-off. Besides these high fees, your transaction can fail and in some cases, you lose the fee itself, sometimes a ’50$ fee’ for a purchase of ’50$’.
Well, upon selling your tokens or swapping them for another token, there are those high fees. This applies to adding liquidity on Uniswap too. You can evade these fees a bit using hotbit.
Join hotbit here: https://www.hotbit.io/register?ref=734736
The thing is unlike most giant exchanges like binance, huobi etc, hotbit affords to list many of these uniswap tokens even unofficially, meaning that say ‘you are into yfi tokens’, there is a likelihood that you will find them even early on hotbit and you can buy them directly from there and take advantage of its order books and trade frequencies at low fees compared to uniswap, instead of the uniswap option. This favorable especially to small traders.
Look at a blockchain-based project i am working on called 'cryptoulogs', perhaps you can join me in building it:
Read about 'cryptoulogs.com' in this 64 min read!
Your Boy Terry
Read some more about the projects i am working on here: https://uloggers.xyz/2020/07/18/seeking-your-crowdfunding-support-passionately-where-have-we-reached-with-the-setup-macrohard-philippines/
I will like to create more ulog discussions like this, discussing topics and any topic in the mind’s eye of a legitimate illiterate and for that i rented a hub for a few months called ‘Macrohard‘ but i haven't set it up for use.
This hub among other things, will help me in my journey to recovering in my health and will help me begin to take care of my dad who is ill, better.
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Sadly, it always seems like it is the "middlemen" who take all the money. And when you don't have much money, most financial markets are just "off limits" sadly because of fees and minimum trading requirements.
In any case, glad to see you are bringing Ulogs to Blurt!
Bright Blessings!
However you explain it very well. It you be helpful for some people. Love to stay with you.