I read long time forum. But i don’t understand (only is cheaper for STORJ company) adding STORJ on some network and dont do anything to some exchanges list STORJ on this network. 1 year and nothing changed… Than you say like with Polygon people not accept STORJ on ZKsync era. I tryed, but is worthless coin on this network(almost- if you lose 30-40% this is worthless)… On this way we need pay 3 transaction fee to have our STORJ on any exchanges. 1 on zk is cheap, but we now need pay 2 times fee on etherum to have our coins on exchanges! Stupid move if you after 1,5 year dont care about it, sorry, but without exchanges on ZK Era you can stop do this. I will stop it next month if no changes on this way! If you cant list token on exchanges you than can total switch to cheaper network and than exchanges do that. Any exchanges not want be free swap for STORJ company… Do something or STORJ on ZK Era die soon! On swaps people advertise on forum is same and bigger sh.t becose you lose on transaction 30-40%… I for sure not change on this price! So easier way is to go on L1 on exchange. In any case i don’t understand any project with monthly payout lower than 50$ go to create token on expesive network! In start wrong move!
Some of bricks in your unreadable wall of text have been already extensively discussed on this very forum, you may want to read old topics to understand reasoning behind storj tokens and why etherium network was chosen among other things. There is no need to copy paste all of it here.
I will, however, comment on this:
How so? Stoj pays L1 transfer fee, it’s cost of doing business for them. Then you swap it to stable coin on exchange for about 1% of cost, and transfer to your bank for free. Storj payouts are not high frequency transactions, they aren’t limited by performance of etherium mainnent. There is no need to fix whats’ not broken.
Hmmm. Every decision is a compromise. You don’t get to claim it was a wrong move unless you consider and weight all requirements. And based on you writeup – you havent’.
TLDR: L2 solution for STORJ is unnecessary, unneeded, and expensive; it woudl benefit storj – to reduce cost of payments, but it does not benefit payees, as a result there are 4 stubborn people who still use L2, as a result liquidity does not exist, as a result spread is huge, in addition to being more expensive to convert to normal currency. So, there is no incentive to use L2. And people don’t.
You can’t really do better than 1% in any currency conversion, so I’m not sure why is that too expensive for you, and what are you suggesting instead?
Hello @Ivan55 ,
Welcome to the forum!
StorjLabs cannot participate in any tokens market activity, so we can do nothing about listing on any exchanges or make a liquidity, it’s an exchange’s decision or their users (like on DEX) solely.
You are free to opt-in for zkSync Era and get 3% bonus on top or use an L1, it’s up on you.
We do not recommend to use an exchange’s deposit address as your wallet because it’s their wallet, so you may lose your funds anytime, we cannot help with that. So, it’s again up on you.
I read, you not! First fee on bridge on ZKSYNC, than you need pay fee on ETH to accept on ETH, and than you need pay fee to transfer it to exchange. I not count any transfer to bank, this is what you pay with any crypto…
But you’re right about one thing, I’ll switch to L1 right away… Without help from company(and thay say and listing on DEX is prohibited) this L2 will also not work…
If you are immediately transferring to L1, let alone fiat, what do you need L2 for?
L2 only makes sense if you stay entirely within L2, or have large number of transactions. It’s a scaling solution. If you don’t need to scale — you don’t need to use it. Let alone just logic: If you are going to transfer to L1 — just receive on L1 in the first place!
Also silly avoidable expense. Why do you receive elsewhere if you ultimately need it at exchange? Receive at exchange directly.
Most exchanges transfer money to the bank for free. Why would you pay to get your money
I feel you are trying to solve the opposite problem — how to spend the most money on unnecessary conversions — and succeeding!
Anecdotally it costs me 1% to get from STORJ on L1 to cash in the bank. You shall be able to do the same. No L2 is involved, because why would I add more complexity when it is completely avoidable?
One should to ask themselves, why didn’t they choose L1, 1.5 years ago?
Govern yourself accordingly, no threats/commentary or pleading even necessary.
2 cents
Julio
Did you try to specify an exchange L1 deposit address right away to do not pay the second fee for transfer between your L1 address and the exchange’s L1 deposit address?
We cannot help to increase the liquidity - that’s our limitation. But it’s not prohibited to list on any exchange, we just will not pay for that. Listing on DEX is always made by its users.
It was much earlier, see Migration from Counterparty to Ethereum.
Unless you actually mean L2.
I switched to the L1 network last month, and I feel at ease now.
Yeah, I know it was much earlier, I was just quoting them directly. The decision is/was a product of their contemplation/perception of a fair and free market; the complexities of which the onus is/was on them, of course.
I’m happily on L1, since the start. However, if others believe in any other chain potential, or offering that’s their deal - alternatives, nor status quo can’t be considered the fault, nor a promise/guarantee/recommendation of Storj; just a furthering of a business offering.
n’ stuff
2 more cents …
+.5 cents for all the extra ‘/’'s =
3 cents
Good stuff, a proactive approach - and simply stated. Great.
2 cents,
Julio
We just hope, that the L2 ecosystem would be more widely adopted, since the transfer fees are much lower here than on L1. There are DEXs and CEXs, so the popularity depends only on users.
That was possible when ZKsync payed transfer fee on exchanges, now is not possible becose you not own address on exchange and you cant accept transfer on eth on exchange. I tryed to support L2 but nothing changed, so how i write in response to arrogant i swithed to L1. And i cleared(swaped to eth on zksync on bad price) what i collected on ZKsync and waited 24h for transfer to exchange. Really fast transfer on ZKSync xD
I also swithed after my post and first reply on it…
It’s very hard without place where you can sell it on same price as STORJ on ETH. If i, who not like high fee on ETH and favored Polygon mostly, but and any other EVM compatibile network switched back to ETH…
I writed my post really in good will and after 6-7 month i read forum about this. I’m sorry if someone find offended and arrogantrabbit sorry on bad english but not everyone Born i USA (B.S.)