I've been researching SifChain in the past few days and I really like the use-case... I almost jumped on it.
Almost... the more I learn about it the more I become less interested. It's currently operating on ETH so... Transaction fee is a major disappointment.
I also read feedback from Rowan stakers saying... the reward is really underwhelming. And the cost to unPeg from Rowan to eRowan is also a disappointment, especially for small investors.
I attempted to buy eRowan in Uniswap... a $100 worth of token is charging me $60 worth of gas fees. From that point, I realized that it isn't for me :(
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Thanks for the info @funtraveller
I was considering doing a full deep dive read through of their page, FAQ and looking for other feedback on the project, but you've saved me the work.
For me, what you highlight about it being only available to buy through ETH gateways is the nail in the coffin. I, like yourself, would only be throwing one or two hundred dollars at it as a speculative punt. Not worth it with $60 gas fees :(
Layer two for ETH, or direct scaling needs to be sorted out soon I think or it will seriously hamper the growth of the crypto space.