Here's a cost review of reaching Gold Stage 3 on a certain NFT platform—
Bought 72 NFTs, sold 73, with a total trading volume of 6.469 ETH. Royalties alone took away 0.1 ETH, and gas fees averaged $2-3 per transaction, so roughly $450 was burned just on fees.
The most frustrating part is missing out on that 7-day triple XP event; otherwise, the costs could have been even lower...
Now just waiting for a 10x return 👀
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
7
Repost
Share
Comment
0/400
SignatureAnxiety
· 12-09 10:52
Damn, the transaction fee alone is $450. This deal is really brutal.
View OriginalReply0
MeaninglessApe
· 12-09 10:52
These fees really suck the marrow out; royalties plus gas and there goes a small goal.
View OriginalReply0
SchrodingersPaper
· 12-09 10:50
Damn, these gas fees are really daylight robbery. Burning $450 just to get to Gold 3? I don't think it's worth it.
View OriginalReply0
SolidityStruggler
· 12-09 10:49
Buying 73 and selling 72 and still bragging? This order book looks a bit sketchy.
View OriginalReply0
RooftopVIP
· 12-09 10:38
Ha, it's the same old thing again. Royalties plus gas fees cut profits in half right away.
View OriginalReply0
ContractTearjerker
· 12-09 10:38
Haha, same here. Royalties are really ridiculous. If I had known, I would have waited for the promotion before buying in.
View OriginalReply0
MindsetExpander
· 12-09 10:33
Damn, these fees are ridiculously high. Just looking at that 0.1ETH royalty gives me a headache.
Here's a cost review of reaching Gold Stage 3 on a certain NFT platform—
Bought 72 NFTs, sold 73, with a total trading volume of 6.469 ETH. Royalties alone took away 0.1 ETH, and gas fees averaged $2-3 per transaction, so roughly $450 was burned just on fees.
The most frustrating part is missing out on that 7-day triple XP event; otherwise, the costs could have been even lower...
Now just waiting for a 10x return 👀