Topic: Customer Owned Exchange - page 2. (Read 393 times)

just agree, it will make the community more solid to trade. I also think that the provision of futures rewards by the project is good for making the project better known by the wider community.

In my mind, 'customer owned exchange' pretty much open-sourced Forkdelta. Anyone can use and contribute it, no need for registration or KYC thing like that, and it doesn't require centralised server to run but more or less decentralised node where forward transactions, bid, orders etc. So essentially, it's like Bitcoin network but the usage is for connecting peers to trade.

Agree with dothebeats, what OP talk is not really "customer owned exchange" but "exchange for profit sharing". More or less like it.

It is same as the crowd funding for projects, if at least 51% contribution need to be from the customers to make it as customer owned exchange. In most of the cases the entire investment through customers or other investors won't go beyond the 49%, because 51% will be contributed by the owner taking the ownership. When 100% is left to the customers as investors it is concept wise good. On implementation when some issue arise every customer is answerable which isn't fair. To this some solution need to be achieved to make this plan more successful.

Well, an exchange that "payed equity to their users for usage, loyalty and referrals" is not necessarily a "customer owned exchange". It may have some participation in ownership, but in your model there would be still owners with a majority share, or not?

Actually I consider the model of a "customer owned exchange" interesting because of the implications regarding the stability of the exchange landscape (it would be almost impossible to run an exit scam there), and thus I would love to see it realized.

However, for this to happen, the goal for the participation of customers/users in ownership should be at least 50%, so they can block decisions of the owners which they consider against the interests of the customers. There may be an initial "buildup phase" where the owners coordinate and organize, but for the long term the majority of shares should go to the customers.

So in other words, a charity exchange platform wherein the operators wouldn't get anything in return and those who are pretty much using the platform since the beginning will have higher loyalty perks than those with traders who trade in with high volume but shorter time? I think the reward system would be chaotic, and the setup is pretty much like a cooperative platform wherein the community chimes in a percent of work done and receiving the dividends/profits after. It would be a nice system if it would be done for charity but for a business model? I don't think it will play out pretty well.

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for the participation and collaboration on the Ethical Mining, Public Benefit Corporations and Cryptocurrencies disrupting the future economies threads.

As part of a deeper talk, we'd love to discuss with you, the community, the following subject:

Community owned cryptocurrency exchanges/platforms

Thinking about how a crypto business can directly beneficiate a cryptocurrency business, we were thinking about different economic and social incentives to users.

In the discussion, this topic surged.

What are your thoughts on a platform that payed equity to their users for usage, loyalty and referrals? Creating a long term incentive on the usage of services, by rewarding them with ownership in the business, which, in the case of thriving and more people using it, those same users would accumulate more value?

What do you think about it economically wise, what do you think about it ethically wise. Do you think it's possible with our current paradigm?

Yes, no, why?

Best of all to you