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RE: Thoughts on referral rewards and trading fees on the market

in Holozing Community11 months ago
  1. I think referral system should be free and don't be constrained with rules and regulations, in the end the money goes to your account even if it was done by self-referring using any other account. Just keep it simple, but if you still want to hook something for a referral link, buying a pack and getting the link to share with other users looks okay to me.

  2. Hive is a fee-less chain, bringing fee into trading or creating NFTs seems a bit off the attitude of Hive blockchain. Many users say it good or great, but most normal users won't like it to pay fee on Hive. The situation with other chains is different they already have a fee based system. So, act carefully when making a fee based structure, it would only be a hurdle for new users to join the game.

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Most nft's on hive-engine have fees, without fees I could pretend an nft was sold thousand times over and over by buying it on alt accounst and increasing the price each time attempting to trick newbies that it's valuable to get them to buy it at 1000% premium, etc. That's washtrading and why it's important to not make it possible.

I don't think so it is the case, if it would be then Splinterlands NFTs would have a cost of a fortune. But, anyway that was my though, I shared with you and hope you have many more like this, but as for I feel that it may be good for new users to have a fee-less structure. Thanks

I'm pretty sure splinterland nfts also have a market fee, that's how/why secondary marketplaces like peakmonsters can operate and make some hive to continue running. I'm not 100% sure, though but it's common practice to avoid washtrading.

That fee is only for placing an NFT in the market, for sale and rent out, which is quite nominal around 1 DEC and there are no other charges when placing an order to buy or rent.