80% refferal fee is to high in my opinion.
Other places are offering 50%. 60% is already very generous.
Increasing refferal commission from 50-60% to 80% is not important in my opinion.
What is more important is that currently only LTM members are allowed to promote via refferal system.
Most webmasters who are not affiliated with bitshares won't pay the LTM fee to be able to promote bitshares.
Thats a key factor imo which is stopping many webmasters to promote bitshares.
Also there needs to be funds to promote it on webmaster affiliate pages and an active team which will contact websites which are ranking well on top keywords for our DEX informing them about the refferal system.

Another very important factor is that all UI's which owns their own assets need to declare an amount of their trading commission they are willing to share with the webmaster who reffered the new traders.

0.1% trading fee is imo OK. 

Quote

I believe this setting will greatly encourage users to become life time members and invite new users.

any thoughts?

You should focus on big webmasters with hugh crypto traffic.
They are the main key factor for a big increase and not a few hundred bitshares community members with some low amount of social media traffic.

Just have a look at the traffic amount a single webmaster (biggest one) brought to Binance.
1886.85733966 BTC commission (50% refferal) of 0.1% trading fee.
This means only his traffic alone made a volume of minimum 3772000 BTC .


I'm pretty sure that this kind of big webmasters are looking for good refferal programs which exchanges are not saturated with his current traffic which means his conversation rate for new members will be very high making bitshares refferal program lucrative for him if the commissions are worth it.

LTM based referral is core code level infrastructure, changing it need change on core code, not easy and need time and I think we now need to work on the current design.

80% is too high? one point is that BTS-DEX is different with CEX, it's OK for DEX to share higher percent market fee, which means also to share the profit to shareholders/contributers. and higher percent will help to incentivize at this stage.

yes it's good idea to work with website with high traffic.

interesting discussion, although I don't think the "parking the bus" method will help Thailand girls to defeat US team.

now the market fee sharing feature is ready in core code, although it is not completely ready in GUI, I think it's time to consider the relevant setting for smartcoins.

at the first step, one idea is to set parameters of bitCNY, bitUSD and bitEUR as below:

set the reward percent to 80%

reset the market fee to 0.1%

which means, users pay 0.1% market fee for the smartcoins, however the life time members will get 80% back.

80% of the market fee paid by basic members will be paid to the referer.

I believe this setting will greatly encourage users to become life time members and invite new users.

any thoughts?

有个bug需要修，修好确认没问题就会推进。

https://github.com/bitshares/bitshares-ui/issues/2770

相信我，我比你还急。

我要把这个功能集成到GDEX红包里。

1.喂价不能低于内盘价+溢价。
2.平多功能。
3.低层代码保证不能黑天鹅。
往前推动吧

站在我的角度还有几样比较重要的：
弄好market fee sharing功能，并且集成到GDEX红包里，红包升级为支持多种资产。
worker 1.14.198 201906-bitshares-mobile-app推上去，开发钱包OTC功能。
转账费用（现在0.45BTS）和提案创建费用（现在5BTS）降下来。

我更希望把喂价都做到K线里面，这样喂价的质量一目了然，方便voters快速判断决策。

不支持本提案。

到现在bitCNY手续费累积才72万，用于回购没多大意义，还不如留着对付黑天鹅保护。

如此少的资金拿来回购产生不了什么作用。

何必在这么低产出的事情上花精力时间。

要干，就干票大的。

巨蟹，看来还是不懂。

你所谓的鼓励抵押，将来就是一把刺向自己的双刃剑，而且还无力阻挡。

到时候不仅保护不了高抵押率的抵押者，反而会让他们再次被收割，为什么要说“再”那？

Quote from: bitcrab on June 11, 2019, 07:12:02 am

我鼓励抵押还来不及呢，你还收爆仓惩罚。

只要我还有影响力， 我就绝不会让这种想法得逞。

自以为是。
没说要保护他们，只是给他们最好的机会。
贴线抵押爱玩玩，能承受爆仓损失就好，但没有理由对他们追加惩罚。
这是稳定币发行系统，不是传统的抵押借贷系统，如何保证发行量是首要问题。
非要搞得都不借了，你们就开心了？