
nik12
@nik12
Best posts made by nik12
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RE: More Details about ViteX Economic Model
@Choeriswangqiji I appreciate exchange tokens as an incentive, and my portfolio is full of that coins.
- It's classical game theory, do you prefer to save 1$ today or 2$ in a year. It is more true in trading activity, because of the nature of our job.
- What is the best incentive, saving money with low fees everyday or paying high fees to hope to get some of this fees one day with a ratio that you cannot anticipate back to you.
- Because of you architecture you can propose lower fees than anyone in the market, and based on your distribution ratio, team ask for a 0.05% fees in reality. A 0.1% (what is the reference fees for 2019 based on my own opinion) fees will provide 50% of all incomes back to the community, what is still a huge gift to the community, and it will be the exact same for vitelabs.
- There is also a time dimension, regarding your distribution model. What if I discover ViteX in 2 years.
- As a VX holder, the goal is to have a maximum users on the platform, so the platform will live for a long time, and I will get dividend for life. Better less than nothing.
That said, it is just my own opinion, I am talking without seeing all the elements that you, project leaders have, so please consider this as a critical but well intentioned comment. As a trader, I chase good services / low fees ratio as my fist requirement when I trade somewhere. And I simply refuse to pay a 1% fee for a full trade, whatever if the money goes to the community or to me if I play a tokenomics, I am a trader not a tokenomy player, I have no time for that, and I see it as a problem.
Best
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RE: More Details about ViteX Economic Model
- Sorry, but 0.5% is everything but reasonable, my bank takes less fees. It's the highest fee of the all market.
- You are speaking like everybody will be VX big holder...
- As a full time trader, I tell you, I will never trade with 0.5% fee, it is just a fact, and you can ask other traders.
- As a DEX, you can be cheaper than other exchanges, and as a DAG based DEX, you can be cheaper than other DEX.
So your model is good only for VX whale, but not for users (especially vite token users). To me 0.5% is a deal breaker. It's just my honest opinion, I hope you will do a comparative analysis and see that your fees are 5x higher than the all market. Fee level is the 1st thing traders look at. Exchange token must be an incentive, not the inverse.
Peace.
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RE: Put Your Designs on Vite Store
Simple Tshirt like this one will be so class and fashion:
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RE: More Details about ViteX Economic Model
0.5% fees! It's 10x what I expected... Why DAG if it is to set so high fees?
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RE: More Details about ViteX Economic Model
@Choeriswangqiji Token exchange must be an incentive, not the inverse.
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RE: More Details about ViteX Economic Model
@Krillin Really, really good exemple with the CoinEx fiasco. I was also thinking about this exemple.
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RE: [SBP Proposal] SwissVite.org — 03-01-2019 — SwissVite contributions summary
Thanks for your guide from okex to staking, ez.
My swiss bank -
RE: More Details about ViteX Economic Model
@Krillin agree, whatever if it goes to a VX holder. It a 0.5% fee, so it's a 0.5% loss.
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RE: More Details about ViteX Economic Model
@Choeriswangqiji In this case, collecting a 0.5% fees it is a deal breaker for many, and a good incentive for a few. My pm is open for more feedback.
Latest posts made by nik12
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RE: What coins would you like listed on ViteX?
$MANA (Decentraland)
"Decentraland is a virtual world where you can build and explore 3D creations, play games and socialize.
The decentraland experiences are currently being built by thousands of LAND owners. Once they are ready, you will be able to explore the world on your computer, phone or VR headset."
$VITE is made by design to match VR world. As it is easy to build with VITE on decentraland, make a step to the decentraland community must be a win win. Let's also add $MANA to the VITE wallet.
Cheers!
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RE: More Details about ViteX Economic Model
@Choeriswangqiji I appreciate exchange tokens as an incentive, and my portfolio is full of that coins.
- It's classical game theory, do you prefer to save 1$ today or 2$ in a year. It is more true in trading activity, because of the nature of our job.
- What is the best incentive, saving money with low fees everyday or paying high fees to hope to get some of this fees one day with a ratio that you cannot anticipate back to you.
- Because of you architecture you can propose lower fees than anyone in the market, and based on your distribution ratio, team ask for a 0.05% fees in reality. A 0.1% (what is the reference fees for 2019 based on my own opinion) fees will provide 50% of all incomes back to the community, what is still a huge gift to the community, and it will be the exact same for vitelabs.
- There is also a time dimension, regarding your distribution model. What if I discover ViteX in 2 years.
- As a VX holder, the goal is to have a maximum users on the platform, so the platform will live for a long time, and I will get dividend for life. Better less than nothing.
That said, it is just my own opinion, I am talking without seeing all the elements that you, project leaders have, so please consider this as a critical but well intentioned comment. As a trader, I chase good services / low fees ratio as my fist requirement when I trade somewhere. And I simply refuse to pay a 1% fee for a full trade, whatever if the money goes to the community or to me if I play a tokenomics, I am a trader not a tokenomy player, I have no time for that, and I see it as a problem.
Best
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RE: More Details about ViteX Economic Model
@Krillin She means you will receive VX in return for your trading activity. And this VX will gets you dividende in form of BTC ETH VITE.
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RE: More Details about ViteX Economic Model
@Krillin Really, really good exemple with the CoinEx fiasco. I was also thinking about this exemple.
-
RE: More Details about ViteX Economic Model
@Choeriswangqiji In this case, collecting a 0.5% fees it is a deal breaker for many, and a good incentive for a few. My pm is open for more feedback.
-
RE: More Details about ViteX Economic Model
@Choeriswangqiji Token exchange must be an incentive, not the inverse.
-
RE: More Details about ViteX Economic Model
@Krillin agree, whatever if it goes to a VX holder. It a 0.5% fee, so it's a 0.5% loss.
-
RE: More Details about ViteX Economic Model
- Sorry, but 0.5% is everything but reasonable, my bank takes less fees. It's the highest fee of the all market.
- You are speaking like everybody will be VX big holder...
- As a full time trader, I tell you, I will never trade with 0.5% fee, it is just a fact, and you can ask other traders.
- As a DEX, you can be cheaper than other exchanges, and as a DAG based DEX, you can be cheaper than other DEX.
So your model is good only for VX whale, but not for users (especially vite token users). To me 0.5% is a deal breaker. It's just my honest opinion, I hope you will do a comparative analysis and see that your fees are 5x higher than the all market. Fee level is the 1st thing traders look at. Exchange token must be an incentive, not the inverse.
Peace.
-
RE: More Details about ViteX Economic Model
0.5% fees! It's 10x what I expected... Why DAG if it is to set so high fees?
-
RE: Put Your Designs on Vite Store
Simple Tshirt like this one will be so class and fashion: