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Consolidation and/or Donation of Residual Balances#1182

K

Many users, including myself, are currently facing an issue with small residual cryptocurrency balances—often less than the minimum withdrawal amount (e.g., under 5 EUR). These “trapped” funds, while individually small, can accumulate over time and lead to user frustration when they cannot be readily withdrawn or utilized.

Objectives

  • Enhance User Experience: Eliminate the annoyance and clutter of unusable small balances.
  • Improve Account Efficiency: Simplify account management by automatically handling these balances.
  • Promote Social Responsibility : Offer a donation option that channels these funds to a charitable cause.

Proposed Solution

  1. Automatic Consolidation:

    • Implement an automated process that merges small residual balances (from various supported cryptocurrencies) into a single asset, such as $CHSB. Users would have easier access to their funds, reducing the number of “orphan” balances and streamlining account management.
  2. Donation Option:

    • Provide an opt-in feature that allows users to donate their small, residual balances to pre-approved charitable organizations. This not only resolves the issue of unusable funds but also enhances SwissBorg’s reputation as a socially responsible platform.

    Similar suggestions regarding transferring small balances into $CHSB have been noted other posts:

https://roadmap.swissborg.com/1154

https://roadmap.swissborg.com/572

8 months ago