[ PT ] 🇧🇷 — Para ler em Português por favor clique aqui
The eREAL Interest Distribution and the “Viral Cats game”.
The Ethereum network has been running slow over the last couple of days due to a spike of transfers, this fact is responsible for the delay in millions of Ethereum based transfers.
Low priced Gwei transactions, like the ones we’ve sent before using 0.1 Gwei, are no longer possible. The minimum accepted Gwei by miners as of today is 21 Gwei (~=$0.20 USD).
The eREAL Interest Program alone is responsible for 3000 transactions every month and simple math quickly tells us that at the current Gwei price the budget for the REAL Interest Program Transactions is way over our initial prevision based on 0.1 Gwei, i.e.:
1 Month:
3000 TX * $0.20 USD = $600 USD
1 Year:
3000 TX * 12 Months = 36000 TX * $0.20 USD = $7,200 USD
As mentioned before on our regular Telegram/Twitter updates, we’ve been in contact with official Ethereum team and their advise us to NOT resend any transfers and wait until the current transaction spike calms down, they also told us that several measures are being implemented on the Ethereum network to stop situations like this, they’re positive that “Viral Cat Game” spikes will be prevented in the future.
The Ethereum network should regain normality over the next couple of days and miners will start accepting low Gwei transactions again, until then, we’ve no other option but to wait for the transactions already sent to settle or we face the risk of double payment.
Here’s a list with all the TX’s already sent regarding Nov 2017 eREAL Interest payments :
Most of the tx’s - approximately 3000 - will not show up on etherescan or on any other Ethereum explorer because no miner has yet accepted the transfer due to the low Gwei value, this should be normalized over the next hours, but we cannot give you an exact time-frame, we’ll have to let the cats decide…
We’re as frustrated as you, but we also understand that “some variables” are outside our scope of influence, like the sudden spike of transactions and price due to a cat game, welcome to the XXI century! There’s little we can do about situations like this, besides keep working on the eREAL platforms and find creative solutions for future problems. Our team believes this is just a bump in the road that will be overcome with new and fascinating tools like the innovating eREAL Crypto Paywall and the eREAL Affiliate Program. During Q1 2018, a restricted number of webmasters will start testing the eREAL Paywall where they’ll find tools to buy/sell services and goods and receive in crypto currencies, like Ethereum, eREAL and many other coins. Users will also be able to generate revenue by promoting the eREAL website and the upcoming Token Sale using the Affiliate Platform.
We’d like to thank our communities on Telegram, FB, Twitter, BitCoinTalk (PT|EN) and now on Medium, for their constant support, to all of you, THANK YOU!
We’re trying to be as transparent as possible regarding this issue, if you still have any questions, please don’t hesitate in contacting us via Telegram live support.
Please remember that the eREAL team, above everyone, wants this project to succeed and we’ll keep fighting to turn eREAL into a reality.
