* SwitchDex charges a .2% taker fee. There are no other platform fees.
* SwitchDex offers users a one time flat fee amount to remove this platform fee forever. From July 1st through July 31st this one time fee is $50. This fee will increase $10 monthly, and will top out at $100 in December 2019.
https://medium.com/@switchag/introducing-switchdex-ag-badc4be0722b
If you guys haven't tried switchdex, please do, it works really well and has a simple UI, the only issue is the lack of liquidity but that can be solved with your help!
* SwitchDex offers users a one time flat fee amount to remove this platform fee forever. From July 1st through July 31st this one time fee is $50. This fee will increase $10 monthly, and will top out at $100 in December 2019.
https://medium.com/@switchag/introducing-switchdex-ag-badc4be0722b
If you guys haven't tried switchdex, please do, it works really well and has a simple UI, the only issue is the lack of liquidity but that can be solved with your help!
A 0.2% taker fee is still a fee, you simply can't discount that and say that there is only a flat fee due to the lack of a maker fee; which is quite common in derivatives trading platforms anyways due to their need for lots of liquidity.
What is your affiliation with the SwitchDex platform anyways? Are you part of their team?
Another thing that I noticed was the fact that the design of their site is eerily similar to ForkDelta's, despite some minor cosmetic changes. I'm yet to be convinced that this offers any significant advantage over counterparts like ForkDelta or idex, both of whom seem to have more liquidity. I think that in order to generate that initial liquidity needed within the exchange to kickstart it, they might need to even consider subsidising maker orders for a while.
Idex for one is going to be using KYC, that's quite a huge difference. It is indeed extremely hard to start a dex due to liquidity issues. Best bet in my opinion is to talk to ICO's and list their tokens first, this will help a lot. Especially bounties, bounty hunters are always looking to sell their coins fast.