[Committee Proposal] Setting market fee sharing for bitCNY, bitUSD and bitEUR

[bench]

Thoughts?

I am against increasing market fees, but until BitShares has enough income sources, this is a good short term fix.

[sschiessl]

I am considering to change the market fee referral reward from 80% to 60% for this 3 smartcions.

because:

1. BTS need more income, now bitCNY income is much lower than months ago, this change can double the market fee income of relevant smartcoins(means from 0.1%*20% to 0.1%*40%)

2. market fee paid by LTM change from 0.02% to 0.04%, it is still very low.

3.60% sharing to referrer is still a very high incentive.

Thoughts?

+1

None of the external entities benefiting from this have expressed their opinion on this, or any kind of feedback. I am in favor of this change, I would like to hear opinion of those entities who might also be able to provide statistics.

[bitcrab]

I am considering to change the market fee referral reward from 80% to 60% for this 3 smartcions.

because:

1. BTS need more income, now bitCNY income is much lower than months ago, this change can double the market fee income of relevant smartcoins(means from 0.1%*20% to 0.1%*40%)

2. market fee paid by LTM change from 0.02% to 0.04%, it is still very low.

3.60% sharing to referrer is still a very high incentive.

Thoughts?

[binggo]

I think you need to do a research and then say it.

The borrower by getting an interest free loan.
I don't know any other exchange which is giving interest free loans.

I own my keys of every wallet, i own my keys of BTC/RIPPLE/ETH.....so its even better?

You own your keys so its even better

If the bitshare only live because of gateway, it should go to die，because it will be CEX，not DEX.

Bitshares will be back on top where it belongs.

[Thul3]

did the producer get any benefit from it?

The borrower by getting an interest free loan.
I don't know any other exchange which is giving interest free loans.

you can't give the service which compare to the CEX.

You own your keys so its even better

So, let it go to die!!!

Bitshares will be back on top where it belongs.

[binggo]

So, let it go to die!!!

if the bitshare only live because of gateway, it should go to die, because it will be CEX, not DEX.

The gateway had charge fee from their service, now they want the profit from the service they didn't provide？

Who is the biggest LTM? Do you know? Faucet and gateway!

Suck blood from the smartcoin to feed them? if BTS didn't have smartcoin, where did you want to get this?

Whe i claim the vesting balances i need pay 50.52 BTS fee to got 50 bts?

Now everyone pays a 0.04% fee, which gets to Bitshares.
Afterwards Bitshares gets only 0.02%, what a LTM has, to pay.
The main benefit goes to LTM!

gateways are the only reason bitshares is still alive.

[fav]

Who is the biggest LTM? Do you know? Faucet and gateway!

Suck blood from the smartcoin to feed them? if BTS didn't have smartcoin, where did you want to get this?

Whe i claim the vesting balances i need pay 50.52 BTS fee to got 50 bts?

Now everyone pays a 0.04% fee, which gets to Bitshares.
Afterwards Bitshares gets only 0.02%, what a LTM has, to pay.
The main benefit goes to LTM!

gateways are the only reason bitshares is still alive.

[binggo]

Who is the biggest LTM? Do you know? Faucet and gateway!

Suck blood from the smartcoin to feed them? if BTS didn't have smartcoin, where did you want to get this?

Whe i claim the vesting balances i need pay 50.52 BTS fee to got 50 bts?

Now everyone pays a 0.04% fee, which gets to Bitshares.
Afterwards Bitshares gets only 0.02%, what a LTM has, to pay.
The main benefit goes to LTM!

[bench]

Who is the biggest beneficiary from it? the LFM? do you think so?

Now everyone pays a 0.04% fee, which gets to Bitshares.
Afterwards Bitshares gets only 0.02%, what a LTM has, to pay.
The main benefit goes to LTM!

[ripplexiaoshan]

Support, I have been waiting market fee sharing for a long time.

The remaining 20% goes to this proposal?
https://bitsharestalk.org/index.php?topic=28508.0

[clockwork]

approved...

If market fee sharing picks up we might need to revisit the LTM membership costs

[binggo]

Transaction Fee

Don't support.

Especially the smartcoin, who produced the smartcoin, did the producer get any benefit from it?

Especially market fee to 0.1%,  you can't give the service which compare to the CEX.

I would also not mind a lower fee (e.g. 0.04%). The cashback is an aweseome incentive IMO and should be set independent of market fee.

[sschiessl]

Don't support.

Especially the smartcoin, who produced the smartcoin, did the producer get any benefit from it?

Especially market fee to 0.1%,  you can't give the service which compare to the CEX.

I would also not mind a lower fee (e.g. 0.04%). The cashback is an aweseome incentive IMO and should be set independent of market fee.

[bitcrab]

嘴上比我急，妈的7月1号生效，肏

也就10天嘛。
需要给点时间让理事们批准，GUI发修好bug的新版，GDEX也要升级红包功能把这个集成进去，总之需要做的事情还很多，不急这几天。

[btstodamoon]

嘴上比我急，妈的7月1号生效，肏

[binggo]

This is not the reason to suck blood from the smartcoin.

Who is the biggest beneficiary from it? the LFM? do you think so?

Did it have any help to the gearing risk?

The wool should reward where they come from.

Especially the smartcoin, who produced the smartcoin, did the producer get any benefit from it?

He can borrow as long as he wants at almost zero costs with zero interest rate. What do you want more?

[bench]

Especially the smartcoin, who produced the smartcoin, did the producer get any benefit from it?

He can borrow as long as he wants at almost zero costs with zero interest rate. What do you want more?

[binggo]

Don't support.

Especially the smartcoin, who produced the smartcoin, did the producer get any benefit from it?

Especially market fee to 0.1%,  you can't give the service which compare to the CEX.

[bench]

Support!

[xeroc]

support

[BunkerChainLabs-DataSecurityNode]

I support this effort. +5%

bunkerchainlabs-com committee member has voted to approve.

Jonathan

[Bangzi]

+5% +5% +5% 8)

[matle85]

Great. Support.

[fav]

Got my vote! Thanks for the initiative.

What exactly did you create? That is not a worker id 1.10.34553

Probably a committee vote.

I'll support this initiative!

[sschiessl]

Got my vote! Thanks for the initiative.

What exactly did you create? That is not a worker id 1.10.34553

[bitcrab]

Does this utilize vesting balances as referrals currently do? Note vesting balances are currently only denominated in BTS, not bitCNY or bitUSD.

you can check here https://github.com/bitshares/bitshares-ui/issues/2770

will be totally ready in the next GUI release in recent future.

[JohnR]

Does this utilize vesting balances as referrals currently do? Note vesting balances are currently only denominated in BTS, not bitCNY or bitUSD.

[bitcrab]

Three committee proposals are created to update bitCNY, bitUSD and bitEUR.

1.10.34553 set bitCNY reward percent to 80%, market fee to 0.1%.

1.10.34555 set bitUSD reward percent to 80%, market fee to 0.1%.

1.10.34565 set bitEUR reward percent to 80%, market fee to 0.1%.

All the three proposals will expire at 2019-7-1 00:00:00 UTC.

The 80% reward percent and 0.1% market fee can help to

1.generate enough incentive for referral.
2.add more value to LTM, as LTM will actually need only to pay 0.02% fee and have chance to get good referral reward.

and at the same time, 0.1% is not too high a fee rate, it is still a normal exchange fee rate.

Committee members, please check and vote according to your opinion.

forum discussion:
https://bitsharestalk.org/index.php?topic=28517.0