I am still hoping you guys get FYP on a new exchange soon. I think that would work wonders for getting people in!
Another question, how much will the fees of Flyp.me be? I am curious about this because of the profit sharing.
Another question, how much will the fees of Flyp.me be? I am curious about this because of the profit sharing.
Anyone know? On one hand it would be beneficial to profit sharers if the fees were higher. However, if the fees are lower then that brings more transactions.
We don't need to raise any fees. We just need to bring in more traffic and get more people to use the exchange. If you want Flyp.me to make more fees, encourage your friends to start using it. I've recommended more than once that offering some type of referral for bringing in new users would incentive the community to market this exchange more. At the moment, if I market Flyp.me on my own and the site blows with users, the people who benefit most are those with the most FYP tokens. However, if Flyp.me offered to pay for example 20% of the fees generated by the referrals to the those who referred them, it would be a great incentive for members to go out and really get the word out about Flyp.me.
Of course it means that the team will have to develop some code that will allow the referrals to be properly credited, but the end result could be like the growth of Binance, which has been growing exponentially in the short time that it's been around. Binance has grown so rapidly that in about 6 months it's turned its owner into a Billionaire in that short time period.
I believe that Binance only launched a few months before Flyp.me. Everyone knows about Binance. Youtubers include their referral code on their video posts, which drive new members every day. Binance also has a ton of coins and tokens listed, which helps to get new members excited about using their exchange. Binance has already shown how to grow an exchange in literally no time. The Flyp.me team just needs to follow those steps outlined by Binance.
1. Have coin adding contests to drive interest for Flyp.me
2. Charge 0.1 FYP to vote for each coin/token.
3. Allow all ERC20 tokens to be traded on Flyp.me
4. Add additional hot coins to Flyp.me
5. Offer referral bonuses to help drive traffic
These steps would blow up the traffic on Flyp.me
I also agree with referral feature and coin voting contests. As soon as Flyp.me makes next smart steps, there might be huge increase in popularity.
