[Committee Proposal] Setting market fee sharing for bitCNY, bitUSD and bitEUR

binggo · June 19, 2019, 12:46:24 AM

This is not the reason to suck blood from the smartcoin.

Who is the biggest beneficiary from it? the LFM? do you think so?

Did it have any help to the gearing risk?

The wool should reward where they come from.

Quote from: bench on June 19, 2019, 12:14:29 AM
Quote from: binggo on June 18, 2019, 10:57:03 PM
Especially the smartcoin, who produced the smartcoin, did the producer get any benefit from it?
He can borrow as long as he wants at almost zero costs with zero interest rate. What do you want more?

bench · June 19, 2019, 12:14:29 AM

Quote from: binggo on June 18, 2019, 10:57:03 PM
Especially the smartcoin, who produced the smartcoin, did the producer get any benefit from it?

He can borrow as long as he wants at almost zero costs with zero interest rate. What do you want more?

binggo · June 18, 2019, 10:57:03 PM

Don't support.

Especially the smartcoin, who produced the smartcoin, did the producer get any benefit from it?

Especially market fee to 0.1%, you can't give the service which compare to the CEX.

bench · June 18, 2019, 07:58:24 PM

Support!

xeroc · June 18, 2019, 03:27:01 PM

support

BunkerChainLabs-DataSecurityNode · June 18, 2019, 03:15:41 PM

I support this effort. +5%

bunkerchainlabs-com committee member has voted to approve.

Jonathan

Bangzi · June 18, 2019, 02:56:06 PM

+5% +5% +5% 8)

matle85 · June 18, 2019, 02:50:58 PM

Great. Support.

fav · June 18, 2019, 02:20:25 PM

Quote from: sschiessl on June 18, 2019, 01:32:24 PM
Got my vote! Thanks for the initiative.

What exactly did you create? That is not a worker id 1.10.34553

Probably a committee vote.

I'll support this initiative!

sschiessl · June 18, 2019, 01:32:24 PM

Got my vote! Thanks for the initiative.

What exactly did you create? That is not a worker id 1.10.34553

bitcrab · June 18, 2019, 01:29:53 PM

Quote from: JohnR on June 18, 2019, 01:21:56 PM
Does this utilize vesting balances as referrals currently do? Note vesting balances are currently only denominated in BTS, not bitCNY or bitUSD.

you can check here https://github.com/bitshares/bitshares-ui/issues/2770

will be totally ready in the next GUI release in recent future.

JohnR · June 18, 2019, 01:21:56 PM

Does this utilize vesting balances as referrals currently do? Note vesting balances are currently only denominated in BTS, not bitCNY or bitUSD.

bitcrab · June 18, 2019, 01:16:14 PM

Three committee proposals are created to update bitCNY, bitUSD and bitEUR.

1.10.34553 set bitCNY reward percent to 80%, market fee to 0.1%.

1.10.34555 set bitUSD reward percent to 80%, market fee to 0.1%.

1.10.34565 set bitEUR reward percent to 80%, market fee to 0.1%.

All the three proposals will expire at 2019-7-1 00:00:00 UTC.

The 80% reward percent and 0.1% market fee can help to

1.generate enough incentive for referral.
2.add more value to LTM, as LTM will actually need only to pay 0.02% fee and have chance to get good referral reward.

and at the same time, 0.1% is not too high a fee rate, it is still a normal exchange fee rate.

Committee members, please check and vote according to your opinion.

forum discussion:
https://bitsharestalk.org/index.php?topic=28517.0