[ANN] Metaexchange fee sharing!

[Shentist]

Like the fee sharing, i owned many mcxfees on mcxnow. How often will fee holders get paid, and when will payments start? I just bought a bunch btw  8) 8) 8)

thanks for your trust and support.

the payment will be monthly. we are considering to start with them in the next month to show in the timeperiod of the fundraiser how it will works.

it will goes like this (example dates and numbers are following)

1. we will publish on our website November 20th that we made 20.000 BTS ; 0.3 BTC ; 3000 Nxt ; 50 ETH as fees (this will be already the 50% fees)
2. we will ANN that we will making buybacks for METAFEES with this amount in the regarding markets. So as an example we will buyback on the pair METAFEES/METAEXCHANGE.BTC(UIA) shares worth 0.3 BTC
3. let say the lowest seller wants to sell METAFEES for 0.1 each BTC (at the moment we are selling the METAFEES for 0.02 each) and this will occur in every market we provide
4. the seller will then hold METAEXCHANGE.UIA and can convert them instantly on metaexchange.info into BTC, ETH, Nxt (the different share pair is BTS, because it is the native token on bitshares)

this will the process every month or we find something better. we are always open for your suggestions.

One point, the long time holders value will also be increasing because METAFEES are totally backed with the used liquiditypools we run.

[Tuck Fheman]

Just updated the OP with a corrected version of the way the fee sharing is distributed - what we had originally represented only the case where all METAFEES are sold: 50% of our fees divided by 10000, but in actual fact it will be 50% of fees split between the number of METAFEES which sell within in the fund-raising period. So if only 800 sell (as of now), then 50% of fees will be split between those 800 METAFEES tokens.

+5% +5% +5%

[jackthunderz]

Like the fee sharing, i owned many mcxfees on mcxnow. How often will fee holders get paid, and when will payments start? I just bought a bunch btw  8) 8) 8)

[monsterer]

Blocktrades is charging 0.15% total on the dex.how are you going to compete with them?

Our policy is: be first, or be best :)

[Shentist]

Blocktrades is charging 0.15% total on the dex.how are you going to compete with them?

we will try to have a tieder spread, but the fees will be higher.

on my personal trading i don't care about .2 or lower, what i want is liquidity and a tied spread to get easily in and out. This will the route we will take.

[fav]

Blocktrades is charging 0.15% total on the dex.how are you going to compete with them?

[phillyguy]

Just updated the OP with a corrected version of the way the fee sharing is distributed - what we had originally represented only the case where all METAFEES are sold: 50% of our fees divided by 10000, but in actual fact it will be 50% of fees split between the number of METAFEES which sell within in the fund-raising period. So if only 800 sell (as of now), then 50% of fees will be split between those 800 METAFEES tokens.

That is huge. I may have to pick up a few more.

[monsterer]

Just updated the OP with a corrected version of the way the fee sharing is distributed - what we had originally represented only the case where all METAFEES are sold: 50% of our fees divided by 10000, but in actual fact it will be 50% of fees split between the number of METAFEES which sell within in the fund-raising period. So if only 800 sell (as of now), then 50% of fees will be split between those 800 METAFEES tokens.

[Shentist]

so,

we already increased the liquidity on our markets with the new liquidity and this will go even higher in the future. Thanks so far guys.

[monsterer]

We're pleased to announce that you can now buy METAFEES with BTC/ETH and NXT on metaexchange!

https://metaexchange.info/

[monsterer]

Might be too late now, but why not having 120000 METAFEES at 0.002? Couldn't that attract more people?

Thats the same as buying 0.1 METAFEES, which is perfectly possible right now :)

[Shentist]

The METAFEES asset represents the fees we generate from running metaexchange. Each share is worth 0.005% of the fees we generate. There are 12000 in total, 2000 are held by monsterer and shentist and backed with the already existing liquidity of 40 BTC. We hope to raise 200 BTC in total, pricing each share at 0.02 BTC.

Might be too late now, but why not having 120000 METAFEES at 0.002? Couldn't that attract more people?

you mean smaller numbers for each share?

[Akado]

The METAFEES asset represents the fees we generate from running metaexchange. Each share is worth 0.005% of the fees we generate. There are 12000 in total, 2000 are held by monsterer and shentist and backed with the already existing liquidity of 40 BTC. We hope to raise 200 BTC in total, pricing each share at 0.02 BTC.

Might be too late now, but why not having 120000 METAFEES at 0.002? Couldn't that attract more people?

[38PTSWarrior]

I have some now. 0.6 metafees juggler!

[monsterer]

dang .. was searching USD in the OP and haven't seen the actual paragraph .. sorry for disturbing you with this ..

No problem - the reasoning for not following USD price is that we are crypto only, and BTC is most liquid market :)