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Topic: Will you pay fees or not? (Read 306 times)

sr. member
Activity: 1400
Merit: 259
February 25, 2018, 02:27:26 AM
#42
Okay that is something new.
But there are flaws here. You wont pay the transaction fees then what if something no so good happens? There is no reasoning because you didnt even pay anything. I guess that is also one you can fight for.

A lottery might be good since the fees from other exchanges are getting higher and higher. Pooling it makes them a lot of money. Imagine a pool of transactions each paying 100k satoshis for 20 tx. that is 2 million satoshis in an instant with the payment just for 200k sats.
It is a good thing but it needs some legitimacy.
full member
Activity: 195
Merit: 100
THE GAME OF CHANCE. CHANGED.
February 25, 2018, 02:25:26 AM
#41
I'm not against fees as long as they're not extortionate, and I guess that I'd rather take some dividends from the exchange operation than have free trading because I don't trade *that* much after all. But I'd really prefer something like ownership of an exchange token (see BNB) to yield the dividends, would be easy to track.
full member
Activity: 278
Merit: 115
GIF by SOCIFI
February 25, 2018, 02:10:51 AM
#40
I don't have any specific information about the project, I really don't know how the project will develop and survive in the near future. I will wait until March 10 to find out more
member
Activity: 147
Merit: 10
February 25, 2018, 01:56:30 AM
#39
This is not my question; it is question that Thorium is asking. It is an upcoming Exchange with very unique concept that rolls in very interesting way. We are given CHOICE whether we pay fees or not, now what is the concept here?

If we trade for FREE then all good and fine, but IF we pay fees then we get daily dividends from the earning and chance to win lottery (5% of all profits), it got its own token like all the recent exchanges that has come. And there is running Airdrop running on.

So is this something NEW? Or is there any other exchange offering similar stuff?

https://thorium.exchange/


in current technology of exchanges and transmissions you must pay fees except some coins like IOTA. so If technology in near future developments some ways to free trading or transmission, it may ESC the fees, but do not forget that all exchanges made for profit and not for free service providing
jr. member
Activity: 182
Merit: 2
dApps Development Automation Platform
February 25, 2018, 01:54:07 AM
#38
This is not my question; it is question that Thorium is asking. It is an upcoming Exchange with very unique concept that rolls in very interesting way. We are given CHOICE whether we pay fees or not, now what is the concept here?

If we trade for FREE then all good and fine, but IF we pay fees then we get daily dividends from the earning and chance to win lottery (5% of all profits), it got its own token like all the recent exchanges that has come. And there is running Airdrop running on.

So is this something NEW? Or is there any other exchange offering similar stuff?

https://thorium.exchange/

Developing new exchanges and maintaining them is quite difficult especially it needs capital and funds. Paying fee is a normal thing so that exchanges can earn profit and cover their expenses as well. There are available exchanges now that offers dividends and lottery, like kucoin. That is just a normal thing now to attract more users and people to invest.
jr. member
Activity: 210
Merit: 1
February 25, 2018, 01:45:05 AM
#37
This is not my question; it is question that Thorium is asking. It is an upcoming Exchange with very unique concept that rolls in very interesting way. We are given CHOICE whether we pay fees or not, now what is the concept here?

If we trade for FREE then all good and fine, but IF we pay fees then we get daily dividends from the earning and chance to win lottery (5% of all profits), it got its own token like all the recent exchanges that has come. And there is running Airdrop running on.

So is this something NEW? Or is there any other exchange offering similar stuff?

https://thorium.exchange/
No, it's not. As far as i know, there are some exchange sites are offering the same thing. I will tell you about the fact to build an exchange site based on the dividend to the investors looks very bad in my opinion. Your token will be so difficult to be listed on another big exchange site. it may better to offer utility usage to the token rather than a dividend. Just like those buyers can use the premium features through pay some token as a fees.

Can you name few? As I did my search, but I was not able to find a similar concept. I you have found it then I will love to take a look. I feel the idea is not exactly bad, but ultimately it is about execution that makes all the difference, if things are executed correctly then it will be HUGE but let see as no one can really guess these things, as it is next to impossible doing it.
jr. member
Activity: 210
Merit: 1
February 25, 2018, 01:27:41 AM
#36
Well honestly paying fees is not a bad thing, If you pay fee then the exchange will cover its expenses from the fee and also earn profits through them, so less chances of getting scam if your exchange is earning decent profits, but if they dont take fee then they will run away with your money sooner than expected.
yes i do think paying fee is okay cause after all we trying to gain profit and we use they services and so the exchange do need a profit.

paying fees is okay as long as the fees is decent.
This is not my question; it is question that Thorium is asking. It is an upcoming Exchange with very unique concept that rolls in very interesting way. We are given CHOICE whether we pay fees or not, now what is the concept here?

If we trade for FREE then all good and fine, but IF we pay fees then we get daily dividends from the earning and chance to win lottery (5% of all profits), it got its own token like all the recent exchanges that has come. And there is running Airdrop running on.

So is this something NEW? Or is there any other exchange offering similar stuff?

https://thorium.exchange/
i believe  its the way of the exchange to gain profit by giving option for gambling and its the way to attract  investors to invest there so its okay i think as long as the lottery system not a scam.

I absolutely love the idea, as it is not just unique but also got a sensible process to it (from what I read on their website), so that gives me more comfort.

However, it is just IMPOSSIBLE to say how this will really go, as it will be too early to judge or predict. But my feeling is really great about this!
full member
Activity: 504
Merit: 100
February 25, 2018, 01:27:33 AM
#35
This is not my question; it is question that Thorium is asking. It is an upcoming Exchange with very unique concept that rolls in very interesting way. We are given CHOICE whether we pay fees or not, now what is the concept here?

If we trade for FREE then all good and fine, but IF we pay fees then we get daily dividends from the earning and chance to win lottery (5% of all profits), it got its own token like all the recent exchanges that has come. And there is running Airdrop running on.

So is this something NEW? Or is there any other exchange offering similar stuff?

https://thorium.exchange/

I will pay a transaction fee when I send bitcoin from one market to another and sometimes when I buy bitcoin also charged fee from the market, I think it is a bit fair because the market requires a fee for repair and security of their website.
jr. member
Activity: 210
Merit: 1
February 25, 2018, 01:16:32 AM
#34
That is nice but how about the spread. There are other ways for an exchange to earn money and if they do not have fees most likely the spread is going to be wide which is actually going to be more expensive.

I am not implying that the exchange is a scam but there is always that possibility. Giving out 5% of the daily profit is also big.

As of now I do not have enough information about this exchange and I will not risk my coins, we need to have trusted information that the website is legit because I hate giving out money to a website that's too good to be true.

 

I think unless there is no clear understanding of the concept, it will be incorrect to make any judgment. I really like their concept, as it’s VERY RARE and UNIQUE. Then to top up, there are some really exciting features as well, so that makes them so special in my views. But then again all this is bit too early to say, as they are just working their way up.
full member
Activity: 266
Merit: 100
February 25, 2018, 01:14:04 AM
#33
It depends on the fees if it is too much expensive i dont know if i can pay for that because i dont have enough money for fees unless they have  a free trial
jr. member
Activity: 210
Merit: 1
February 25, 2018, 01:07:57 AM
#32
This is not my question; it is question that Thorium is asking. It is an upcoming Exchange with very unique concept that rolls in very interesting way. We are given CHOICE whether we pay fees or not, now what is the concept here?

If we trade for FREE then all good and fine, but IF we pay fees then we get daily dividends from the earning and chance to win lottery (5% of all profits), it got its own token like all the recent exchanges that has come. And there is running Airdrop running on.

So is this something NEW? Or is there any other exchange offering similar stuff?

https://thorium.exchange/

For me this is just a market strategy to attract more people to pour their investments to their site and i hope that this is a legit ICO because for me paying fees is much better to ensure the quality services in return. I wonder how this things really work for them from free trading to patronage sharing thru dividends but i just hope that this is a legit ICO in which all of their concepts are all true.

To be fair, I don’t think this can be called as marketing strategy, as that is when there is “Temporary” removal of fee, but here it’s part of their “STRUCTURE” not to charge fee (IF we select this option), so I am not sure this can be called marketing strategy.

But yes it is not something done previously, so HOW IT WORKS, it is the main question that is running in everyone’s mind.
jr. member
Activity: 210
Merit: 1
February 25, 2018, 12:57:34 AM
#31
I will pay fees because based on my experience in crypto bargaining on fees will give you alot of head ache and paying fees is really not that bad if you will have something in return for it. but in your case it would depend on what is your goal in investment. better look at the pros and cons.

Yes, that is the interesting part here, as by not paying fees you actually miss out on pretty solid chance of gain which is through dividend and lottery entry, so very DIFFERENT exchange than others. But how it works is something only to be seen in order to know.
full member
Activity: 265
Merit: 102
February 24, 2018, 05:59:36 AM
#30
I use mercatox in crypto as an exchanger and it's one of the best exchanger here that i recommend because it's easy to use like buy and sell with fees,You can see some of post here in forum that they don't like fee everytime they do transaction in some exchanger but for me i double it for good or safe and fast transaction like 0.001 btc in mercatox and it's also like binance
newbie
Activity: 154
Merit: 0
February 24, 2018, 05:13:00 AM
#29
I'm really happy that they gave us a choice, but I think trading without fees will be much better and profitable.
hero member
Activity: 1316
Merit: 503
February 24, 2018, 05:10:36 AM
#28
This is not my question; it is question that Thorium is asking. It is an upcoming Exchange with very unique concept that rolls in very interesting way. We are given CHOICE whether we pay fees or not, now what is the concept here?

If we trade for FREE then all good and fine, but IF we pay fees then we get daily dividends from the earning and chance to win lottery (5% of all profits), it got its own token like all the recent exchanges that has come. And there is running Airdrop running on.

So is this something NEW? Or is there any other exchange offering similar stuff?

https://thorium.exchange/
The concept is similar to cobinhood but more features are owned cobinhood, I am not interested in the project but I am interested in the concept.
jr. member
Activity: 129
Merit: 8
dApps Development Automation Platform
February 24, 2018, 05:08:28 AM
#27
Sometimes you have to, but I'd rather not.
newbie
Activity: 252
Merit: 0
February 24, 2018, 05:07:37 AM
#26
This is not my question; it is question that Thorium is asking. It is an upcoming Exchange with very unique concept that rolls in very interesting way. We are given CHOICE whether we pay fees or not, now what is the concept here?

If we trade for FREE then all good and fine, but IF we pay fees then we get daily dividends from the earning and chance to win lottery (5% of all profits), it got its own token like all the recent exchanges that has come. And there is running Airdrop running on.

So is this something NEW? Or is there any other exchange offering similar stuff?

https://thorium.exchange/


All this will depends and will depend on how much is the fee and if the fee is reasonable and there is no other rules i will prefer the later which is pay a small fee, if you look in short term wise it might not be a good choice but in long term wise the benefits should be able to offset the fees. However it all depends on every user foresight.
member
Activity: 144
Merit: 10
February 24, 2018, 04:58:17 AM
#25
Not a bad concept. Pay or not, you won't lost anything instead you will be given the chances to earn more. Paying fees can also use to develop and make the service much convenient for us. It won't hurt you that much if you are getting a better service. Almost good stuff in this world are not free.
hero member
Activity: 2772
Merit: 524
Leading Crypto Sports Betting & Casino Platform
February 24, 2018, 03:52:17 AM
#24
This is not my question; it is question that Thorium is asking. It is an upcoming Exchange with very unique concept that rolls in very interesting way. We are given CHOICE whether we pay fees or not, now what is the concept here?

If we trade for FREE then all good and fine, but IF we pay fees then we get daily dividends from the earning and chance to win lottery (5% of all profits), it got its own token like all the recent exchanges that has come. And there is running Airdrop running on.

So is this something NEW? Or is there any other exchange offering similar stuff?

https://thorium.exchange/
No, it's not. As far as i know, there are some exchange sites are offering the same thing. I will tell you about the fact to build an exchange site based on the dividend to the investors looks very bad in my opinion. Your token will be so difficult to be listed on another big exchange site. it may better to offer utility usage to the token rather than a dividend. Just like those buyers can use the premium features through pay some token as a fees.
newbie
Activity: 134
Merit: 0
February 24, 2018, 02:48:07 AM
#23
You know in transaction with fee is risky how much more the free transaction. I think there are a lot to develop or maybe this is the good starting of an exchange or neither business to orient the people how good the New concept of the project is. This is a very interesting starting point of unknown business to well know in the market area.
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