Re: [ANN] Bridgoro Exchange - Participate in Beta Test and Earn up to 350 USDT
So even with $100 in BTC, the 260 sat is under the on-chain dust limit. And if it would reach the 294 sat limit, the dust is almost worthless for you to spend.
Suggestion: don't charge the service fee on small transactions.
So, after discussing it with my teammate, we decided to introduce fee-free exchanges for small amounts. The exact threshold for what counts as a "small amount" will be determined once we finish analyzing Dust Transactions and Dead Wallet amounts.Suggestion: don't charge the service fee on small transactions.
maybe we need to charge negative fees to incentivize XMR-> exchanges 
Monero prices and shortages were discussed a few times in eXch's thread. Eventually they charged 5% to buy Monero, and 0.5% to sell it. They used the Monero price from centralized exchanges as base, and it looks like supply and demand aren't in equilibrium at those prices. My guess: people don't withdraw from centralized exchanges, as it makes no sense to expect privacy there anyway. So it would be interesting to see negative fees for selling. Maybe start with a small negative, combined with a small increase in fees for buyers.Now here's a tricky question I'd like to hear your thoughts on:
What if we made all exchanges completely fee-free, regardless of the amount, meaning our exchange wouldn't take anything from users?
If a service makes a sustainable profit, the owner has something to lose by being dishonest. A service that doesn't earn anything may make selective scamming or exit scamming an attractive option. I'm not saying that's what you'll do, I'm saying I can't know for sure, so I trust someone who has something to lose more than someone who doesn't have anything to lose.What if we made all exchanges completely fee-free, regardless of the amount, meaning our exchange wouldn't take anything from users?
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The challenge, of course, is monetization.
We would still need to cover server costs and sustain our own work.
As you know, projects built purely on enthusiasm are hard to support long-term without a funding model.
So what do you think: Should we aim for 100% fee-free exchanges by finding a sustainable way to monetize without relying on a service fee?
For reasons explained above: no.We would still need to cover server costs and sustain our own work.
As you know, projects built purely on enthusiasm are hard to support long-term without a funding model.
So what do you think: Should we aim for 100% fee-free exchanges by finding a sustainable way to monetize without relying on a service fee?
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Or would it be smarter to balance sustainability with user comfort by introducing a service fee to cover infrastructure and ongoing costs?
I wouldn't use an exchange if I have to pay a (monthly) service fee just to use it.