Abstract

• Stepless liquidity with no order book for every possible asset pair
• Blockchain as borrower and liquidity provider
• BTS as central node and base currency
• Auto equilibrium (50:50) / RO-DEXbot market strategy
• Market fees are shared to BTS/asset owner

Rationale

• Provide an easy and effective liquidity tool for every user/'asset pair' on the protocol level
• Generates demand for BTS and income for BitShares

Solution
https://github.com/bitshares/bsips/issues/213

Discussion and Summary for Shareholders

• This is a very important basic tool, to strengthen our infrastructure, use case and core token value
• This enables every user to take part in value creation and earning market fees at the same time

At the moment the onboarding.bitshares.foundation takes 15% as registrar.
To stay competitive with OpenLedger the registrar should also be set to 0%.

Registrar cut was introduced to cover costs for signup, but with low signup costs and new referral system (market fee share), this is not needed anymore.

I wanna start this worker, to bring the Bitshares ecosystem to journalist, influencer and companies. Show them how they can use the Bitshares ecosystem for their benifits.

Tasks:
- Write a short article about the direct debt function, smart coins, referral system (+trading fee shares) and PalmPay
- Contact journalists, influencer and companies
- Offer them a direct debt payment for the next 6 month, if they wanna use/promote Bitshares

Costs:
- Writing the articles
- Direct debt payment for influencer or journalists
- Bounty for every successful promoter

Questions:
- What price range do you think is needed for the positions?

Paytomat is a Point of Sale app, which already supports a lot of cryptocurrencies.
To get listed on their platform, 2000$ are needed to pass their voting.

Funds for voting are collected here: https://wallet.bitshares.org/#/account/paytomat-listing/

https://vote.paytomat.com/
https://whaleshares.io/@bench/lets-get-bitshares-listed-on-paytomat

What do you think?

The Lifetime Membership (LTM) is not very attractive at the moment, compared with other platforms.
Openledger already did a great job by providing a registrar with 0% and gives the full 80% to the referrer.

The problem is that LTM is excluded from a big chunk of fees (Gateways/Market Maker).
To solve this problem three things should be changed:

- Taker fee should increase 10x compared to maker fee, because this can be count as a transaction, except the margin call side
https://bitsharestalk.org/index.php?topic=27164.msg322698#msg322698

- Gateways should fully implement a 40% cut on all fees to LTM, thanks to OpenLedger
https://github.com/bitshares/bsips/issues/102

- The market maker fee of 0.1% for USD/CNY should be split:
-- 0.05% goes to the trader
-- 0.01% goes to a community-workers budget to finance projects like
https://steemit.com/bitshares/@bangzi/bitshares-community-100-cities-100-stores
-- 0.04% is used to buy back BTS and share drop on LTM

The people with an LTM are the most important people on the BTS platform and are essential for:
- creating content about BTS
- getting new users
- helping new users
- reporting bugs
- integrating new projects
- providing liquidity
- increasing volume

Without a fully integration of the fees to the LTM, there is no substantial demand for an LTM, grow in user base and adoption.

The chart of account upgrades shows the full dilemma:

When I (lifetime membership) refer to a new user I get the onboarding.bitshares.foundation as registrar, but I used openledger as registrar when my acc was created. Is there any information about this?

How can I become my own registrar for the referral accounts?

The BTS client has to many hard edges, which should be fixed as soon as possible, to achieve this we should spend twice the budged for the UI as it is now.
People, who bring new ideas in making the UI better and more simple, should be rewarded with 5% and the other 95% is spend on the implementation.

What is the status on the UI remake announced a long time ago? Can I see the current progress? This whole thing should be more transparent with updates to allow feedback from the community.