Author Topic: [HELP] Fund Assets Fee Pool  (Read 180 times)

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Offline silazpt

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[HELP] Fund Assets Fee Pool
« on: June 05, 2018, 11:43:01 am »
So I have been exploring all the possibilities on the BTS network and I came across one thing that I cannot understand Entirely.

When I open a certain asset I have a 'Fund Asset Fee Pool' button. My question is, why would I fund this Fee Pool? Would I gain some benefit from it? (maybe claiming some of the fees paid to place orders by the users)?

Thank you in advance!
Regards

Offline sschiessl

Re: [HELP] Fund Assets Fee Pool
« Reply #1 on: June 05, 2018, 11:48:23 am »
The asset fee pool allows that users can use your asset to pay transaction fees.

When someone pays with your asset for the fee what happens internally is:
The asset gets converted into BTS with the core exchange rate, and then the fee is paid directly with BTS. But the user does not see that.

Offline silazpt

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Re: [HELP] Fund Assets Fee Pool
« Reply #2 on: June 05, 2018, 12:43:07 pm »
Thank you!

That means that there aren't any benefits for other users (other than the issuer of the asset) to add BTS to the fee pool, correct?

Offline sschiessl

Re: [HELP] Fund Assets Fee Pool
« Reply #3 on: June 05, 2018, 02:28:45 pm »
Of course. The benefit to others is that they can use that asset now to pay for transaction fees

Offline Emma Lee

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Re: [HELP] Fund Assets Fee Pool
« Reply #4 on: June 29, 2018, 06:06:57 pm »
The asset gets converted into BTS with the core exchange rate, and then the fee is paid directly with BTS. But the user does not see that.