Author Topic: market fee sharing setting for smartcoins  (Read 2254 times)

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Offline bitcrab

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market fee sharing setting for smartcoins
« on: June 15, 2019, 01:29:33 pm »
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?


Offline Digital Lucifer

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Re: market fee sharing setting for smartcoins
« Reply #1 on: June 15, 2019, 01:32:54 pm »
That makes a lot of sense. Then every lifetime member would be paying actually 0.02% market fee, while upgrading to LTM would be already incentive to trade more.

Would be supporting this, personally its beneficial for both blockchain and users/traders and it does gives them a choice/option - which they don't have at most of other trading platforms.
Also, addition to this would be request to the Committee to lower Vesting Withdrawal Fee which is currently 50 BTS.


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Offline Bangzi

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Re: market fee sharing setting for smartcoins
« Reply #2 on: June 15, 2019, 01:36:49 pm »
+5% +5% +5%

Market fee sharing is good but UI referral system need to imporove:

When lifetime member Mr. Apple bring new user Mr. Banana to Bitshares reference wallet via referral link eg. https://wallet.bitshares.org/?r=apple, the referral program only work if the Mr. Banana register within the session.

If Mr. Banana visit and leave without register but come back next day via direct type in wallet.bitshares.org or Google search, Mr. Apple no longer become Mr. Banana referrer. This strongly demotivate lifetime members to promote Bitshares.

Please comment to improve this on UI:
https://github.com/bitshares/bitshares-ui/issues/2555
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Offline binggo

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Re: market fee sharing setting for smartcoins
« Reply #3 on: June 15, 2019, 01:40:38 pm »
Not support.

Short-sight.

Offline Digital Lucifer

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Re: market fee sharing setting for smartcoins
« Reply #4 on: June 15, 2019, 01:42:55 pm »
Not support.

Short-sight.

I guess language barrier. What original author meant was "Yes im short-sighted and i can't read properly what is written here".

Please acquire glasses or lens for your sight issues.


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Milos (DL) Preocanin
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Move Institute - RN: 2098555000
Murska Sobota, Slovenia, SI.

Offline binggo

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Re: market fee sharing setting for smartcoins
« Reply #5 on: June 15, 2019, 01:51:37 pm »
Don't need a glasses or lens, i think all of you need a glasses or lens in your mind.

Chee®s

Not support.

Short-sight.

I guess language barrier. What original author meant was "Yes im short-sighted and i can't read properly what is written here".

Please acquire glasses or lens for your sight issues.


Chee®s

Offline Digital Lucifer

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Re: market fee sharing setting for smartcoins
« Reply #6 on: June 15, 2019, 02:34:23 pm »
Don't need a glasses or lens, i think all of you need a glasses or lens in your mind.

Chee®s

Not support.

Short-sight.

I guess language barrier. What original author meant was "Yes im short-sighted and i can't read properly what is written here".

Please acquire glasses or lens for your sight issues.


Chee®s

Do you have better/more reasonable suggestion to the market fees and referral program to offer, so we can extend our vision that is missing ?

CheeÞs
Milos (DL) Preocanin
Owner and manager of bitshares.org through Consensus
Move Institute - RN: 2098555000
Murska Sobota, Slovenia, SI.

Online bench

Re: market fee sharing setting for smartcoins
« Reply #7 on: June 15, 2019, 09:01:36 pm »
I fully support this:

1. This improves the referral system 
2. This improves the LTM
3. This should also improve spread for market maker with a 50% discount for trading fees compared to now

On the other side no one can complain about a one way 0.1% market fee, when 0.2% (two way) is the standard fee for trading.

I hope we can get a fast consensus for this!
« Last Edit: June 15, 2019, 09:10:29 pm by bench »
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Offline binggo

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Re: market fee sharing setting for smartcoins
« Reply #8 on: June 15, 2019, 09:50:56 pm »
This is a funny idea.

“狙公赋芧,曰:'朝三而暮四。'众狙皆怒。曰:'然则朝四而暮三。'众狙皆悦。
« Last Edit: June 15, 2019, 09:56:00 pm by binggo »

Offline btstodamoon

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Re: market fee sharing setting for smartcoins
« Reply #9 on: June 16, 2019, 05:34:13 am »
这样做也可以,等快点行动吗?

Offline binggo

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Re: market fee sharing setting for smartcoins
« Reply #10 on: June 16, 2019, 11:06:24 am »
How do you think so sure about this?

BTS is smartcoins? smartcoins is BTS?

DEX compare with CEX?

How do you think it is not 0.1% (two way)?

Do you research about BNB/HT/ZB/GT/OKB......? how they work?

On the other side no one can complain about a one way 0.1% market fee, when 0.2% (two way) is the standard fee for trading.
« Last Edit: June 16, 2019, 11:09:49 am by binggo »

Offline abit

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Re: market fee sharing setting for smartcoins
« Reply #11 on: June 16, 2019, 03:00:59 pm »
80% 我个人感觉太多了。
手续费上调回0.1%更是走回头路。
普通交易者的用户体验很重要。
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Offline bitcrab

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Re: market fee sharing setting for smartcoins
« Reply #12 on: June 16, 2019, 03:15:05 pm »
80% 我个人感觉太多了。
手续费上调回0.1%更是走回头路。
普通交易者的用户体验很重要。

0.1%基本上影响不到普通用户的体验,但对各种套利机器人,大交易者影响很大,而这正可以用终生会员解决。

其实本来我想设100%,但考虑到即便终生会员也需要支付一些费用,80%应该是个比较好的选择。

比较起来把理事会收的交易费用到其它地方的一些方案,我觉得现在用到推广方面最合适。

0.1%+80%意味着终生会员付的交易费比起现在是减半的。

激励用户去邀请新人进来也很重要。太少了很影响效果。

还有一种方案是交易费保持0.04%,只把返佣率设为80%,我觉得也可以接受。

我觉得需要尽快实施,以后觉得不合适了可以再调。
« Last Edit: June 16, 2019, 03:39:31 pm by bitcrab »

Offline ioex

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Re: market fee sharing setting for smartcoins
« Reply #13 on: June 16, 2019, 03:29:51 pm »

Online bench

Re: market fee sharing setting for smartcoins
« Reply #14 on: June 16, 2019, 05:07:12 pm »
1. 0.1% fee is not too high, when standard trading fee is 0.2%
2. most people don't trade much, they care more about liquidity and spread
3. professional traders get now a 50% discount with a LTM compaired to now
4. the referral system gets a much needed boost

Excluding the LTM from a reasonable bitAsset fee (80%) is a big disadvantage for our referral system compared to Binance or other platforms!

Second option:
Standard fee: 0.05%
LTM fee: 0.01%

Record low of account upgrades:
« Last Edit: June 16, 2019, 05:30:33 pm by bench »
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