I do not understand why you set cap to 100 BTS, which means each time one transfer more than 100k BTS will pay 100BTS, about $0.3
in my view the cap should be close or a little above 0.0001 BTC, that's why I prefer 20 BTS.
it will be funny if the BTS transfer be more expensive than inter-Bank CNY transfer.
If you are a user who needs to transfer bigger amounts on a regular basis, you need to become LTM.
That's the whole point of the referral program.
If you buy LTM, BitShares can offer you very competitive pricing, much better than inter-bank fees.
If you don't buy LTM, you will only have the small transfers cheap, not the big ones.
In other words, there is only one group of users who are not taken care of: those who want to transfer big amounts on a regular basis but still don't want to buy LTM.
And my point is this: we will be fine if we ignore this group of users - they need to go away, BitShares is not for them.
The original intention of percentage-based fees was to offer the following deal to the big-transfer guys:
- either you agree to sponsor the small-transfer guys
- or you buy LTM
If the percentage-based fees project turns out to be a backdoor way to kill the referral program, it will be hard for me to continue supporting it.
EDIT: It's not fair to compare
non-LTM transfer fees to inter-bank transfer fees.
You don't get access to inter-bank transfers if you haven't paid huge fees beforehand for setting up and maintaining an account there.