DACs and BTS X - the way to liberate yourself from burdens and …Fees

[tonyk]

DACs are for those who need freedom.
One of the frivolous things the governments and big corporations do is add taxes and fees on everything you can imagine… Here is a list of the fees that you will have to pay to participate in our DACs. We keep them to a minimum as you will see:


A. Other parties fees to acquire BTS

- (international) wire transfer fee 50$ (paid to the bank we do not control that)

-exchange deposit fee (paid to the exchange we do not control that)

- transaction fee (to buy BTC paid to the exchange we do not control that);

-transfer fee to the other exchange that actually sells BTS(to BTC miners we do not control that)

- transaction fee (to buy BTS with your BTC paid to the exchange we do not control that);


B. Our fees
So you are a happy owner of BTS, here we come…
If you actually want to use your BTS for something expect


-transaction fee – when you trade;

-inactivity fee – when you do not trade;

-lazy trader’s fee *1 – hidden fee when you do not match precisely the bid ask price

-liquidation fee – when you trade but you lose too much!

-inappropriate currency fee (when you do not have money in the appropriate currency to pay your other fees)

-delegate registration fee (if you think you are a smart ass and can get some of the other poples fees)

Coming soon:
-Lazy voter’s fee (addition to the inactivity fee for those that do not trade, or trade but not vote)


C.  More other parties fees

If you are not lucky enough to end your day with bitUSD (hopefully tradable for USD directly) you will have to experience the fees in A. in reverse order….




*1 – if you want to buy 10 bitUSD at 1.00 bitUSD/BTS and there are 2 ask orders - one for 5 bitUSD @ 1.00 bitUSD/BTS and another for  5 bitUSD @ 1.03 bitUSD/BTS – to avoid the lazy trader’s fee you must place 2 separate order for 5 bitUSD each.