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RE: Join the Decentralized Revolution Exchange Crypto-Bridge
I think it's great with as many companies on the bitshares as possible.
In the long run I don't believe in the paying part of the fees to the stakers philosophy, though.
I know Cryptobridge charges much less than centralized exchanges, but I still prefer not paying fees at all like on rudex and openledger.
Which benefits do you think cryptobridge offers to non-stakers, compared to the other bitshares exchanges? (would love to learn something I've overlooked!)
If we get more adoption then non-stakers will have more choice between the number of coins to pick from. One way or another we are all going to pay the exchanges otherwise the exchanges wouldn't exist. I don't believe exchange charge no fees even if they say they do. Thank you, I didn't know about openledger or rudex. But I do know that neither of them sold SmartCash. I think openledger charges BTS fees as well?
I agree the more available coins on bitshares the better, no doubt about it!
The bts blockchain charges a fee every time there's a transaction, that doesn't go to the gateways it goes back to the bitshares reserve pool.
But if you trade a token that's not native to the blockchain like open.btc or bridge.btc then the company who created the token can choose to take an additional market fee, usually 0.2%. But if you trade on openledger directly you don't pay that fee, just the 0.00092bts for the transaction which is nothing.
Rudex and openledger also earn money from being bitshares witnesses, and have other side projects, so I imagine cryptobridge is doing something similar to maximize earnings.