Author Topic: [Committee Proposal] Setting market fee sharing for bitCNY, bitUSD and bitEUR  (Read 1215 times)

0 Members and 1 Guest are viewing this topic.

Offline bitcrab

  • Committee member
  • Hero Member
  • *
  • Posts: 1651
    • View Profile
  • BitShares: bitcrab
  • GitHub: bitcrab
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
« Last Edit: June 19, 2019, 04:52:38 am by bitcrab »

Offline JohnR

  • Committee member
  • Full Member
  • *
  • Posts: 91
    • View Profile
Does this utilize vesting balances as referrals currently do? Note vesting balances are currently only denominated in BTS, not bitCNY or bitUSD.

Offline bitcrab

  • Committee member
  • Hero Member
  • *
  • Posts: 1651
    • View Profile
  • BitShares: bitcrab
  • GitHub: bitcrab
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.

Offline sschiessl

Got my vote! Thanks for the initiative.

What exactly did you create? That is not a worker id 1.10.34553
« Last Edit: June 18, 2019, 01:35:00 pm by sschiessl »

Offline fav

  • Administrator
  • Hero Member
  • *****
  • Posts: 4272
  • No Pain, No Gain
    • View Profile
    • Follow Me!
  • BitShares: fav
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!
Join us on Telegram: https://t.me/btstalk

Offline matle85

  • Full Member
  • ***
  • Posts: 134
    • View Profile
Great. Support.

Offline Bangzi

  • Sr. Member
  • ****
  • Posts: 303
    • View Profile
    • Steemit: Bangzi
  • BitShares: bangzi
Please Vote for My Witness: Bangzi
请投票支持比特股见证人: Bangzi
Witness Update: https://bitsharestalk.org/index.php?topic=26459.0

Offline BunkerChainLabs-DataSecurityNode

I support this effort. +5%

bunkerchainlabs-com committee member has voted to approve.

Jonathan
+-+-+-+-+-+-+-+-+-+-+
www.Peerplays.com | Decentralized Gaming Built with Graphene - Now with BookiePro!
+-+-+-+-+-+-+-+-+-+-+

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12897
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
support
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline bench

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

Offline binggo

  • Hero Member
  • *****
  • Posts: 1536
    • View Profile
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.

Offline bench

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

Offline binggo

  • Hero Member
  • *****
  • Posts: 1536
    • View Profile
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.

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?

Offline btstodamoon

  • Full Member
  • ***
  • Posts: 52
    • View Profile
嘴上比我急,妈的7月1号生效,肏

Offline bitcrab

  • Committee member
  • Hero Member
  • *
  • Posts: 1651
    • View Profile
  • BitShares: bitcrab
  • GitHub: bitcrab
嘴上比我急,妈的7月1号生效,肏

也就10天嘛。
需要给点时间让理事们批准,GUI发修好bug的新版,GDEX也要升级红包功能把这个集成进去,总之需要做的事情还很多,不急这几天。
« Last Edit: June 19, 2019, 04:53:35 am by bitcrab »

Offline sschiessl

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.

I would also not mind a lower fee (e.g. 0.04%). The cashback is an aweseome incentive IMO and should be set independent of market fee.

Offline binggo

  • Hero Member
  • *****
  • Posts: 1536
    • View Profile
Transaction Fee

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.

I would also not mind a lower fee (e.g. 0.04%). The cashback is an aweseome incentive IMO and should be set independent of market fee.

Online clockwork

  • Committee member
  • Sr. Member
  • *
  • Posts: 372
    • View Profile
  • BitShares: clockwork
approved...

If market fee sharing picks up we might need to revisit the LTM membership costs

Online ripplexiaoshan

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 2274
    • View Profile
  • BitShares: jademont
Support, I have been waiting market fee sharing for a long time.

The remaining 20% goes to this proposal?
https://bitsharestalk.org/index.php?topic=28508.0
BTS committee member:jademont

Offline bench

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

Now everyone pays a 0.04% fee, which gets to Bitshares.
Afterwards Bitshares gets only 0.02%, what a LTM has, to pay.
The main benefit goes to LTM!
Be part of the change and vote for the bitshares-vision proxy!

Offline binggo

  • Hero Member
  • *****
  • Posts: 1536
    • View Profile
Who is the biggest LTM? Do you know? Faucet and gateway!

Suck blood from the smartcoin to feed them? if BTS didn't have smartcoin, where did you want to get this?

Whe i claim the vesting balances i need pay 50.52 BTS fee to got 50 bts?

Now everyone pays a 0.04% fee, which gets to Bitshares.
Afterwards Bitshares gets only 0.02%, what a LTM has, to pay.
The main benefit goes to LTM!

Offline fav

  • Administrator
  • Hero Member
  • *****
  • Posts: 4272
  • No Pain, No Gain
    • View Profile
    • Follow Me!
  • BitShares: fav
Who is the biggest LTM? Do you know? Faucet and gateway!

Suck blood from the smartcoin to feed them? if BTS didn't have smartcoin, where did you want to get this?

Whe i claim the vesting balances i need pay 50.52 BTS fee to got 50 bts?

Now everyone pays a 0.04% fee, which gets to Bitshares.
Afterwards Bitshares gets only 0.02%, what a LTM has, to pay.
The main benefit goes to LTM!

gateways are the only reason bitshares is still alive.
Join us on Telegram: https://t.me/btstalk

Offline binggo

  • Hero Member
  • *****
  • Posts: 1536
    • View Profile
So, let it go to die!!!

if the bitshare only live because of gateway, it should go to die, because it will be CEX, not DEX.

The gateway had charge fee from their service, now they want the profit from the service they didn't provide?

Who is the biggest LTM? Do you know? Faucet and gateway!

Suck blood from the smartcoin to feed them? if BTS didn't have smartcoin, where did you want to get this?

Whe i claim the vesting balances i need pay 50.52 BTS fee to got 50 bts?

Now everyone pays a 0.04% fee, which gets to Bitshares.
Afterwards Bitshares gets only 0.02%, what a LTM has, to pay.
The main benefit goes to LTM!

gateways are the only reason bitshares is still alive.
« Last Edit: June 19, 2019, 10:08:46 pm by binggo »

Online Thul3

  • Sr. Member
  • ****
  • Posts: 361
    • View Profile
Quote
did the producer get any benefit from it?
The borrower by getting an interest free loan.
I don't know any other exchange which is giving interest free loans.



Quote
you can't give the service which compare to the CEX.
You own your keys so its even better


Quote
So, let it go to die!!!
Bitshares will be back on top where it belongs.


« Last Edit: June 19, 2019, 09:43:11 pm by Thul3 »

Offline binggo

  • Hero Member
  • *****
  • Posts: 1536
    • View Profile
I think you need to do a research and then say it.

The borrower by getting an interest free loan.
I don't know any other exchange which is giving interest free loans.

I own my keys of every wallet, i own my keys of BTC/RIPPLE/ETH.....so its even better?

Quote
You own your keys so its even better

If the bitshare only live because of gateway, it should go to die,because it will be CEX,not DEX.
Quote

Bitshares will be back on top where it belongs.
« Last Edit: June 19, 2019, 10:09:48 pm by binggo »