bitshares / bitshares/bsips

New BSIP: charge market fee for BTS asset

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#262 7 comments 2 reactions 0 assignees View on GitHub
profitability / fees
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Description

Currently in the BitShares blockchain, traders can trade the BTS asset without paying a market fee due to the BTS asset's zero `market_fee_percent` option.

Since the BTS asset's owner is `null-account`, charging a market fee means on each trade there will be some amount of BTS asset burned thus total amount of supply of BTS asset would decrease, which would be good PR for the platform.

IMO an appropriate value for the market fee percentage is `0.02%`. `0.01%` is also reasonable.

A small side benefit of this change is it will slightly suppress wash trading of shit coins (against the BTS asset) in the DEX.

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