BitShares Forum
Main => General Discussion => Topic started by: gn1 on April 04, 2016, 12:08:08 pm
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Hi guys,
I would like to update the article I've written on UIA creation. Do you guys have any documentation about the "Smartcoin switch" that suddenly appeared on the Asset Creation screen?
Please advise.
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if you enable that, you will end up with a so called Market-Pegged asset
http://docs.bitshares.eu/bitshares/user/mpa.html
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Thanks for pointing me to the link.
So, now one can create an asset, where the supply can only increase when somebody shorts the asset (going long BTS with leverage). And, once the contract is closed, the supply decreases. Am I correct?
My other question is, is there a maintenance fee that asset creators need to keep paying the witnesses for posting feed price?
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Thanks for pointing me to the link.
So, now one can create an asset, where the supply can only increase when somebody shorts the asset (going long BTS with leverage). And, once the contract is closed, the supply decreases. Am I correct?
correct
My other question is, is there a maintenance fee that asset creators need to keep paying the witnesses for posting feed price?
This of course is only valid for market pegged assets. User Issued
Assets do not have a price feed that needs to be maintained.
Further you can choose WHO exactly can produce a price feed and you also
get to pick the time a feed is valid (e.g. 24h, then you need one feed
every 24h).
The fee to produce a fees is extremely low, almost 0 simple because
the current witnesses need to already maintain a feed for a dozend of
smart coins (bitUSD, bitCNY, ....).
You can see all fees here:
http://cryptofresh.com/fees?asset=USD
and fees for feeds are called "Asset publish feed".
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Thank you very much for the clarification!