.01 transaction fee?

Marketplace Primecoin
1

Kinda new to this so stay with me. I have the newest xpm wallet. I mined a few coins and wanted to send a fraction to a friend. I tried to send .001 XPM and it says must be at least one cent (.01). Then I tried to send 0.1 and it says it’s OVER the size limit but I can still send with a .01 transaction fee. I’m confused about the wording. Why are we calling .01 a “cent.” That is confusing. Just call it .01 xpm. Also why does it say I am OVER the size limit when trying to send 0.1 xpm?

And can someone explain why there are transaction fees? Are there no fees when sending larger amounts? Thanks

2

Suppose you have 0.1 XPM in your wallet, you can only send 0.09 XPM. It will automatically add 0.01 XPM to your transfer.

3

The fee of 0.01 is 1%.
It’s higher than credit card fees in most countries. Instead of attracting, it draws people away from using primecoin. Look at the xpm price drop for the last few days.
I thought the cryptocurrency was created to lower transfer fees and time. And someone explain to me where that fee is gone anyway after processing the transaction?