Author Topic: how market fee is sharing?  (Read 777 times)

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Offline bitcrab

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how market fee is sharing?
« on: July 24, 2019, 10:15:40 am »
I tested this with new created account vesting-tester.

the member stats is like this

Fee Allocation

Network   20%
Lifetime Referrer   (bitcrab)   30%
Registrar   (gdex-faucet)   25%
Affiliate Referrer   (bitcrab)   25%
Membership Expiration   N/A

then I use this account to buy 10000 GDP, GDP has a 0.1% market fee, and 50% market fee sharing. which means in this trade there are totally 5 GDP shared.

I saw bitcrab get 2.5 GDP, gdex-faucet get 2.5GDP

what's the rule in this fee sharing? registrar get 50% and referrer get another 50%?

Offline btstodamoon

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Re: how market fee is sharing?
« Reply #1 on: July 24, 2019, 10:31:38 am »
@abit

Offline abit

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Re: how market fee is sharing?
« Reply #2 on: July 24, 2019, 01:12:33 pm »
Code: [Select]
unlocked >>> get_account  vesting-tester
{
  "id": "1.2.1662628",
  "membership_expiration_date": "1970-01-01T00:00:00",
  "registrar": "1.2.466046",
  "referrer": "1.2.121",
  "lifetime_referrer": "1.2.121",
  "network_fee_percentage": 2000,
  "lifetime_referrer_fee_percentage": 3000,
  "referrer_rewards_percentage": 5000,
  "name": "vesting-tester",

Code: [Select]
  "referrer_rewards_percentage": 5000
It means 50% to registrar and 50% to referrer.

Neither  "network_fee_percentage" nor  "lifetime_referrer_fee_percentage" is in the calculation.
« Last Edit: July 24, 2019, 01:14:18 pm by abit »
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Offline bench

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Re: how market fee is sharing?
« Reply #3 on: July 25, 2019, 08:16:10 pm »
OpenLedger registrar takes 0%.

Offline bitcrab

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Re: how market fee is sharing?
« Reply #4 on: July 26, 2019, 01:05:00 am »
OpenLedger registrar takes 0%.

no, it's also 50%

Offline bench

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Re: how market fee is sharing?
« Reply #5 on: July 28, 2019, 12:58:02 pm »

Offline bitcrab

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Re: how market fee is sharing?
« Reply #6 on: July 28, 2019, 02:39:52 pm »
OK, seems I was wrong.

Offline slava_ba

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Re: how market fee is sharing?
« Reply #7 on: July 29, 2019, 06:18:46 am »
An asset issuer defines the market_fee_reward_percent - what percentage of the market fee he wants to share with the registrar in asset options. Registrar defines reward_percent for the referrer for each user.
Market fee reward is accumulated on the user account. The user decides when they want to claim the market fee reward and move it to their active balance. Each user pays network fee to call this operation. More details about market fee sharing BSIP-0043 you will find here https://github.com/bitshares/bsips/issues/102.

Offline Lynnette524

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Re: how market fee is sharing?
« Reply #8 on: August 13, 2019, 07:20:22 am »
An asset issuer defines the market_fee_reward_percent - what percentage of the market fee he wants to share with the registrar in asset options. Registrar defines reward_percent for the referrer for each user.
Market fee reward is accumulated on the user account. The user decides when they want to claim the market fee reward and move it to their active balance. Each user pays network fee to call this operation. More details about market fee sharing BSIP-0043 you will find here https://github.com/bitshares/bsips/issues/kissanime

Thanks for the information.