Have a heart - Social tipping ShareBits.io makes real-time donations “a walk in the park”!
When you tip are required to pay the standard BTS transfer fee?
Also presumably to claim it, the receiver would have to pay the standard BTS transfer fee at least once to send it to an exchange?
both correct, however the account is a lifetime account, the network fee is still charged, but the fees paid by the user on claim are distributed to share holders as dividens.
I think it's a good initiative Social tipping really helped Dogecoin gain a great deal of traction.
Business Question
The market leaders appear to be Dogecointip & Changtip.
The average Doge tip size appears to be <$0.3. https://dogetipbot.com/
(You can see real time reddit tip sizes here for example - https://www.reddit.com/user/dogetipbot )
There is also Changetip. Their 'Tipworthy service' seems to suggest $0.25 as the standard tip. https://www.changetip.com/
How does ShareBits.io hope to compete when round trip fees are higher than the average size of social tips?
Wouldn't the transfer fees need to be considerably lower to help spread BTS via social media sharing, tipping & donating?
thats a great question, currently we believe this platform will be powerful in markets other than the primary 'tipping' industry, we aim it at money remittance and crowdfunding and therefore the average tip size of those services to not necessarily affect our business model - that being said your mostly correct, the round trip fees are somewhat high and we are working with the bitshares community in hope of having the fees reduced in various ways, for example an IOA asset with the fee pool payed, also the bitshares primary client may see reduced fees soon, allowing a service like ours to succeed with no real changes.
tldr:
if some one is tipping that low your correct for now, but our business model should not see tips or shares that low.
we are working on ways to lower the fees and will keep the community updated.
The person you tip, donate to or share with probably will be new basic user and will have to pay the standard transfer fee to claim/send their funds to an exchange, no?
fees will be shared betwene the sender (required to send it to us) and the person who claims the tip (tx fee to withdrawal to their wallet)
however fees can be avoided completely by never withdrawing and using the coins within our system.