From ecd4672364d9de79a690f806ff09619969f03a4c Mon Sep 17 00:00:00 2001 From: Fabian Schuh Date: Wed, 16 Dec 2015 11:52:29 +0100 Subject: [PATCH] BSIP-0004 --- bsip-0004.md | 44 ++++++++++++++++++++++++++++++++++++++++++++ 1 file changed, 44 insertions(+) create mode 100644 bsip-0004.md diff --git a/bsip-0004.md b/bsip-0004.md new file mode 100644 index 0000000..416c552 --- /dev/null +++ b/bsip-0004.md @@ -0,0 +1,44 @@ + BSIP: 0004 + Title: Distribute Market Fees on Core Asset to Referral Program + Authors: Daniel Larimer + Fabian Schuh + Status: Draft + Type: Protocol + Created: 2015-12-16 + Discussion: + Worker: TBD + +# Abstract + +Currently the BitShares network does not charge a percentage based market fee on +trades of the core asset (BTS) or assets created by the committee account +(BitAssets like USD, CNY, etc). Instead BitShares has a fixed price for filled +orders defined by the order creation fee. See [BSIP-0002](bsip-0002.md) for more +information. + +This proposal is to implement a hard-fork that would grant committee members the +option to charge market fees for their assets. Any market fees earned would be +converted to BTS via the fee pool and then distributed to the referral program +like any other fees. + +# Motivation + +Market pegged assets trade at 0% market fees by default. The commitee members +could decide to set a percentage as fee already, but the fees would end up in +the committee's account. + +By implementing this proposals, we let shareholders decide whether or not to +redirect these profits to the referral program. + +# Discussion + +When enabling market fees for an asset, trading becomes slightly more expensive +for traders and would discourage trades. +On the other hand, having more funds to distribute for marketing in the form of +referral rewards could improve exposure and incentivise to bring in new +customers for our products and the trading platform which may result in +increased profits from fees in general. + +# Copyright + +This document is placed in the public domain.