BitShares Forum
Main => General Discussion => Topic started by: Shentist on January 17, 2016, 04:16:38 pm
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Hi guys,
after our fundraiser ended i want to share my thought where the value of METAFEES are coming from.
At the moment we have 6220 METAFEES in circulation http://cryptofresh.com/a/METAFEES
all the METAFEES we didn't sold we burnt them.
We sold 50 METAFEES for 1 BTC
Our fundraiser started with an exchangerate in BTS with 1.500 BTS each METAFEES or 75.000 BTS each BTC.
Right now 1 BTC is worth 128.000 BTS.
We recieved more BTS then we needed so we converded some into BTC, ETH and NXT.
Right now our liquidity pool holds 50% BTC, 25% ETH, 20 % BTS and 5% NXT
So the liquidationvalue will rise and fall with the value of these coins and METAFEES will act in this way like an cryptoindex, backed by the value of the liquidity pool.
As a "bonus" each month we are doing buybacks for METAFEES with 50% of our collected fees, so over time the METAFEES in circulation will decrease and our liquiditypool will stay the same.
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Sounds great .. could you be a little more open with regards to collected fees? Something like a "collected fees this month" ticker on the webpage?
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Sounds great .. could you be a little more open with regards to collected fees? Something like a "collected fees this month" ticker on the webpage?
we will discuss this, thanks for the input!
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What about MUSE trading fees? Will they be included in the next buyback?
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What about MUSE trading fees? Will they be included in the next buyback?
hi krondix,
absolutly you can check the fees here http://muse.cryptofresh.com/u/muse-fees-metaexchange
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Thank you