In the past didn't betking give more than 50% tonthe peolme bank rolling the site. Now they only get 10% and that only through buybacks. Raw deal.
In the past they've had various different commission rates, possibly starting at 10% and working up to 50%, but I'm not sure about that.
This new system appears to be charging 30% commission effectively, since they're selling 70% of the tokens, keeping the other 30%, and splitting the profits between 100% of them, so the 30% they're keeping earn 30% of the profits "for free".
The 10% is the amount they guarantee to buy back from you each quarter. I'm not clear on whether it's 10% of your initial purchase (so you can divest fully in 10 quarters) or if it's 10% of your remaining holdings (so you can never fully divest). Either way, the 10% isn't related to 'commission' fees.
I stated with 10% of profits weekly yes based on how you did it.
I then chanegd it to wagered commission to effectvely 25% commission and then to 25% from wagered 25% from weekly profit so effectively 50% commission.
So if you think of the old site then this model would mean less commission. But it's not a good way to think of it.
Regarding the 10%, it is 10% of all tokens that token holders have.
So first quarter I would offer to buy back 7,000,000. Next quarter 6,300,000 etc.
Token holders can trade with others or on exchnages though if they want more than 10%.
Also there will be token holders who will not wish to sell back every quarter so other people could have more than 10% bought back in that case.
There may be times that I also offer to buy back more than 10%. 10% is just the minimum amount I have to commit to buying back.
