If your service is completely based on enthusiasm and the trading fees is only 0,01%, where will you get funds for marketing and development? It's obvious that it won't be a problem if you have a million of users but what about now, at the start?
It will be almost impossible to overcome competitors if they have in times more fees and thus get more profits. They already have significant amount of users and have budgets for further development and advertising. Seems that low trading fee is not enough to become the first on the market and some kind of specific advantages like decentralization is needed. What will be your strategy if competitors lower their trading fees to 0,01%?
lol all the money the "other" they make with fees is just to go in their pocket. so your comment is useless, lot's off people will lots off money will be enthusiast to have smaller fees because when you trade big volume the fees on other exchange are significant.
Have a good day