These past few days we have been testing out Waves.Exchange with a newly created Madbyte Waves token. The reason for this is that the transaction fees for using an ERC20 token on the Ethereum network have continued to stay super high. Originally, when Madbyte decided to use ETH for their token, the fees were many times less than $0.05. When we did our ERC20 token drop, we were paying only $0.01 on most transactions.
Today, the average fee paid on the Ethereum network is $24, making it almost unusable for smaller transactions. There is some hope that the fees will come down with technological improvements, but most likely it will be too little and too late.
The Waves token transaction fees are fixed at 0.001 WAVES (or $0.012), with a 0.003 WAVES ($0.036) fee for DEX transactions. In the future, we will also test the MADX token on other networks.
If you would like to test out trading some Madbyte using the Waves DEX (Decentralized Exchange), contact one of the team members and we can arrange it. We are listed on over 30 pairings but are only testing one of them.
Eventually, you will be able to withdraw from the Madcapx panel selecting either the Ethereum or Waves based version of the token.
All the best,
Madbyte Team
https://madbyte.com/
