[ANN] Metaexchange fee sharing!

Started by monsterer, October 27, 2015, 10:47:13 AM

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iHashFury

Pity just bought some ETH to start trading on the DEX


monsterer

Quote from: iHashFury on January 18, 2016, 12:18:02 PM
A little of topic.

Is there a way to get ETH from Poloniex to METAEX.ETH direct?
Poloniex does not have a data field.

Unfortunately not. I'd like to make this simpler in the future.
My opinions do not represent those of metaexchange unless explicitly stated.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

iHashFury

A little of topic.

Is there a way to get ETH from Poloniex to METAEX.ETH direct?
Poloniex does not have a data field.

mint chocolate chip

Quote from: fav on December 28, 2015, 08:22:30 AM
Quote from: luckybit on December 27, 2015, 10:36:53 PM
Quote from: abit on December 27, 2015, 11:18:03 AM
Quote from: Shentist on December 24, 2015, 09:35:18 AM
so guys 1 day left till the fundraiser ends.

you can still buy the METAFEES via BTS on the internal market or via metaexchange.info with BTC, ETH and NXT.

We will do the next buyback after the chrismas days, but not sure about the exact date yet.

We wish everyone the best

Your metaexchangeteam

monsterer and shentist
Since metaexchange lost some money during the Chrismas days, I assume there would be no buyback until the loss is covered?

How did they lose money?

nope. they get it back form the buyers.

I wonder why they do not pull the price off of the DEX?

cmc, really?
Didn't get it all back, they still lost a few bitcoins.
[url="http://bitsharesblog.com/"]http://bitsharesblog.com/[/url]

fav

Quote from: luckybit on December 27, 2015, 10:36:53 PM
Quote from: abit on December 27, 2015, 11:18:03 AM
Quote from: Shentist on December 24, 2015, 09:35:18 AM
so guys 1 day left till the fundraiser ends.

you can still buy the METAFEES via BTS on the internal market or via metaexchange.info with BTC, ETH and NXT.

We will do the next buyback after the chrismas days, but not sure about the exact date yet.

We wish everyone the best

Your metaexchangeteam

monsterer and shentist
Since metaexchange lost some money during the Chrismas days, I assume there would be no buyback until the loss is covered?

How did they lose money?

nope. they get it back form the buyers.

I wonder why they do not pull the price off of the DEX?

cmc, really?
Join us on Hive: [url="https://peakd.com/c/hive-120117/created"]https://peakd.com/c/hive-120117/created[/url]

abit

Quote from: luckybit on December 27, 2015, 10:36:53 PM
Quote from: abit on December 27, 2015, 11:18:03 AM
Quote from: Shentist on December 24, 2015, 09:35:18 AM
so guys 1 day left till the fundraiser ends.

you can still buy the METAFEES via BTS on the internal market or via metaexchange.info with BTC, ETH and NXT.

We will do the next buyback after the chrismas days, but not sure about the exact date yet.

We wish everyone the best

Your metaexchangeteam

monsterer and shentist
Since metaexchange lost some money during the Chrismas days, I assume there would be no buyback until the loss is covered?

How did they lose money?
https://bitsharestalk.org/index.php?topic=20759.0
BitShares committee member: abit
BitShares witness: in.abit

luckybit

Quote from: abit on December 27, 2015, 11:18:03 AM
Quote from: Shentist on December 24, 2015, 09:35:18 AM
so guys 1 day left till the fundraiser ends.

you can still buy the METAFEES via BTS on the internal market or via metaexchange.info with BTC, ETH and NXT.

We will do the next buyback after the chrismas days, but not sure about the exact date yet.

We wish everyone the best

Your metaexchangeteam

monsterer and shentist
Since metaexchange lost some money during the Chrismas days, I assume there would be no buyback until the loss is covered?

How did they lose money?
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

abit

Quote from: Shentist on December 24, 2015, 09:35:18 AM
so guys 1 day left till the fundraiser ends.

you can still buy the METAFEES via BTS on the internal market or via metaexchange.info with BTC, ETH and NXT.

We will do the next buyback after the chrismas days, but not sure about the exact date yet.

We wish everyone the best

Your metaexchangeteam

monsterer and shentist
Since metaexchange lost some money during the Chrismas days, I assume there would be no buyback until the loss is covered?
BitShares committee member: abit
BitShares witness: in.abit

Shentist

so guys 1 day left till the fundraiser ends.

you can still buy the METAFEES via BTS on the internal market or via metaexchange.info with BTC, ETH and NXT.

We will do the next buyback after the chrismas days, but not sure about the exact date yet.

We wish everyone the best

Your metaexchangeteam

monsterer and shentist

Shentist


Lollero

Quote from: monsterer on November 23, 2015, 06:52:03 PM
Quote from: Lollero on November 23, 2015, 06:34:30 PM
I am aware of the buyback. I ment when is the first distribution of the trading fee profits?
I'm assuming that today you are buying metafees with last months trading fee profits but are not yet distributing trading fee profits to metafees holders. I'm just wondering when that happens?

The buy-back *is* the redistribution of trading fee profits. By placing market buy orders on the open market, we raise the value of METAFEES using the profits we generated via the fees.

Ok I thought you were doing both, giving a share of trading fees and doing the buy-back. Ok all is clear now  :)
Am I right that you will be burning the Metafees that you buy each month?

fav

Quote from: JonnyBitcoin on November 23, 2015, 07:23:38 PM
Quote from: monsterer on November 23, 2015, 06:52:03 PM
Quote from: Lollero on November 23, 2015, 06:34:30 PM
I am aware of the buyback. I ment when is the first distribution of the trading fee profits?
I'm assuming that today you are buying metafees with last months trading fee profits but are not yet distributing trading fee profits to metafees holders. I'm just wondering when that happens?

The buy-back *is* the redistribution of trading fee profits. By placing market buy orders on the open market, we raise the value of METAFEES using the profits we generated via the fees.

Where are these buy back orders?  shentist said they would appear here (https://bitshares.openledger.info/#/market/METAFEES_METAEX.BTC)but there are no buy orders at all?

they buy at current market offers.

edit: join us @ 0.079 if you want
Join us on Hive: [url="https://peakd.com/c/hive-120117/created"]https://peakd.com/c/hive-120117/created[/url]

JonnyB

Quote from: monsterer on November 23, 2015, 06:52:03 PM
Quote from: Lollero on November 23, 2015, 06:34:30 PM
I am aware of the buyback. I ment when is the first distribution of the trading fee profits?
I'm assuming that today you are buying metafees with last months trading fee profits but are not yet distributing trading fee profits to metafees holders. I'm just wondering when that happens?

The buy-back *is* the redistribution of trading fee profits. By placing market buy orders on the open market, we raise the value of METAFEES using the profits we generated via the fees.

Where are these buy back orders?  shentist said they would appear here (https://bitshares.openledger.info/#/market/METAFEES_METAEX.BTC)but there are no buy orders at all?
I run the @bitshares twitter handle
[url="//twitter.com/bitshares"]twitter.com/bitshares[/url]

monsterer

Quote from: Lollero on November 23, 2015, 06:34:30 PM
I am aware of the buyback. I ment when is the first distribution of the trading fee profits?
I'm assuming that today you are buying metafees with last months trading fee profits but are not yet distributing trading fee profits to metafees holders. I'm just wondering when that happens?

The buy-back *is* the redistribution of trading fee profits. By placing market buy orders on the open market, we raise the value of METAFEES using the profits we generated via the fees.
My opinions do not represent those of metaexchange unless explicitly stated.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Lollero

Quote from: Shentist on November 23, 2015, 06:23:28 PM
Quote from: Lollero on November 23, 2015, 03:27:55 PM
When are you guys doing the first trading fee distribution to Metafees holders?
Do you distribute only BTC trading fees or do we also get altcoins deposited to our accounts?

today the first buyback occurs. The first buyback will occur for 100% of all collected fees - more details here https://bitsharestalk.org/index.php/topic,20150.0.html

I am aware of the buyback. I ment when is the first distribution of the trading fee profits?
I'm assuming that today you are buying metafees with last months trading fee profits but are not yet distributing trading fee profits to metafees holders. I'm just wondering when that happens?