Even though I am not yet an official member of the committee yet, there is quite some discussion about how to achieve several goals at the same time concerning the fee schedule.
I would like to seek input from the broader community.
See this as an input thread - no decisions have been made - the results may or may not be incorporated in a feed schedule!
The thoughts currently are, if we should reduce the 20% cut from fees and give it to the referral business instead.
Advantages:
- This will give a 10% extra for the referral business and will make it easier for most to accept a reduced transfer fee.
- This might bring in a shitload of users because we could possible be way cheaper than competition
- We would see our network run on higher transactions throughput
- transaction fees could be reduced by more than just 10% because the referral business profits from many other operations aswell
Drawbacks:
- The drawback of course is that we reduce the DACs revenue from transaction fees by 10%.
- The offer should be timely limited by at least 6 and maybe at most 12 months (IMHO)
- STEALTH (in order to reach ROI) will have require more than just 3x transfer fees
@onceuponatime @ccedk @BunkerChain Labs @bitcrab @kenCode Would an additional 10% in the referral program be motivation enough for you to continue your efforts on the BTS blockchain even though the transfer fee is reduced?
@shareholders / @all
Would the shareholders agree with a
10%50% cut in transaction fees given that we can potentially draw more attention with
a) higher marketing benefits
b) lower transfers fees to draw more customers and volatility