Re: [ANN] Bridgoro Exchange - Participate in Beta Test and Earn up to 350 USDT
It could even be different per coin: a low-fee altcoin can have a lower fee-free amount than Bitcoin when transaction fees shoot up.
We will review fee-free minimum exchange amounts for different pairs.Fortunately, we still have plenty of time to calculate this since the first 6 months will be fee-free for all any exchange amount.
This comes to mind:
Thanks for the idea, we will add it to our discussion list with my teammate.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.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.
Totally agree with you.From our perspective, the first 6 months of fee-free exchanges are about building a core community.
After that, if we don't find a better solution, the service fee will be applicable for each exchange operation.
For reasons explained above: no.
Thanks for your feedback.I wouldn't use an exchange if I have to pay a (monthly) service fee just to use it.
No worries, we are old-school and not fans of the subscription model.Once again, there will be no subscription model.
Well, the development of the platform is going at a surprisingly good speed.
If I may suggest, in the table with active offers, it would be really useful to see the current exchange/price rate per CMC (or which service is considered adequate). So, for example, in order to check how much is realistically offered for 0.00013327 BTC to XMR, I have to open CMC and possibly a calculator to get the precise amount. If there are several offers at some point, it can be tiring to check for each one.
Given that you are already using the CMC API, and if I correctly recognized Tradingview as well, I assume that it does not require too much work to implement.
There is no need for concern here, as all prices are taken directly from CoinMarketCap (CMC) and we don't add any extra %.If I may suggest, in the table with active offers, it would be really useful to see the current exchange/price rate per CMC (or which service is considered adequate). So, for example, in order to check how much is realistically offered for 0.00013327 BTC to XMR, I have to open CMC and possibly a calculator to get the precise amount. If there are several offers at some point, it can be tiring to check for each one.
Given that you are already using the CMC API, and if I correctly recognized Tradingview as well, I assume that it does not require too much work to implement.
You can verify this yourself by checking any exchange offer and doing the calculation.
However, please pay attention to the Price Margin value.
Price Margin is the difference between the market price of the cryptoasset and the added price of the seller.
0% -> equal to the CMC market price
-0.1% or lower -> cheaper than the market price
+0.1% or higher -> above the market price
That's what the Price Margin percentage is for. Which reminds me: it would be nice to be able to sort a column by clicking it's header.
Good idea!We will definitely add this UX improvement in a future update.
That is a good idea and verified users can vote for any coin they want to see on the platform, this will make this platform very unique from many competitors and everyone can help shape a better platform.
Please keep in mind that only Level 3 accounts and higher will be able to participate in voting.This is to prevent spam voting from newly created accounts and ensure that only real, active Bridgoro users have a voice in the decision-making process.
What if you will not find any sponsors, that will be a life time problem for the platform, I will suggest you should add service fee and don't even remove the fee for small amounts that trigger dust type problems, I will say solve them, get fee, and sponsors both, because you guys are doing hard work, what if that sponsor will not be enough. Of course, it’s your decision, and I’ll respect whatever you choose. Going fully fee-free would be a noble contribution to the crypto world
Infrastructure and other costs should be covered by the fee structure, no fee structure can be a bad thing, it will then be considered a contribution to the crypto world. It can be the next big thing like many open source contributions happened till now and they have survived till now, so you can also but I think fee structure is better.
Don't worry, we aren't looking for any general sponsorships, as we want to stay fully independent in all aspects.Infrastructure and other costs should be covered by the fee structure, no fee structure can be a bad thing, it will then be considered a contribution to the crypto world. It can be the next big thing like many open source contributions happened till now and they have survived till now, so you can also but I think fee structure is better.
In the future, we may consider something like marketing sponsorships or integrations, but it's too early to focus on that now. At this stage, our main priority is building a community.
We also understand how projects succeed: the community's voice is important. That's why all ideas will be discussed with our active users (high-level accounts on Bridgoro).
And if we don't come up with a sustainable monetization model, then of course, the service fee will be applied to every trade.
Thanks for explaining it with real example as I understand the issue much better now. The main problem here is just one now I think and it can be a major problem because it is the issue from the blockchain side. It makes sense now, and if the fee is raised above the dust threshold, it will be expensive.
What are the possible solutions to this? Can't you change the type of currency to get the service fee to a blockchain where such issue won't occur? Or can't you make multiple transactions to the same buffer wallet and when it will have enough satoshi from all the dust left by all the other trades, you could move them?
We already have a solution, thanks to one of the Bitcointalk members (LoyceV).What are the possible solutions to this? Can't you change the type of currency to get the service fee to a blockchain where such issue won't occur? Or can't you make multiple transactions to the same buffer wallet and when it will have enough satoshi from all the dust left by all the other trades, you could move them?
We will be making small exchange offers fee-free. The exact threshold for what counts as a "small amount" will be decided once we complete our research and calculations on Dust Transactions and Dead Wallet Amounts.
Too often, I have seen discrepancies when something is expressed in percentages.
In this case, we recommend using this cheat sheet as a quick reference.0% -> good deal (market price)
-0.1% or lower -> very good deal
+0.1% or higher -> bad deal
Too often, I have seen discrepancies when something is expressed in percentages.
Probably the best solution is to set a minimum fixed fee, for example, 0.000005 BTC per transaction
Nah, we believe that making small-amount exchange offers fee-free is the better approach. It's also our way of showing gratitude to the community.Probably the best solution is to set a minimum fixed fee, for example, 0.000005 BTC per transaction