Author Topic: market fee sharing setting for smartcoins  (Read 4763 times)

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Offline binggo

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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 bench

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 »
Be part of the change and vote for the bitshares-vision proxy!

Offline Digital Lucifer

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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
Move Institute - RN: 2098555000
Murska Sobota, Slovenia, SI.

Offline binggo

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

Offline binggo

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Offline Bangzi

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+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
Bitshares DEX - Over 1000 Coins, Buy, Sell, Transfer & List Any Coins |Free Signup Today: https://wallet.bitshares.org/?r=bangzi

Offline Digital Lucifer

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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.


Chee®s
Milos (DL) Preocanin
Owner and manager of bitshares.org
Move Institute - RN: 2098555000
Murska Sobota, Slovenia, SI.

Offline bitcrab

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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?

Email:bitcrab@qq.com