Why the such high withdrawal fee for XCR on bter(1%)?
This question has been asked and answered three times already.........BY ME. Dont you guys read the previous posts???
ANYWAY..... the 1% fee is the escrow fee that BTER charges for hosting the IPO/pre-sale. Bter chose to deduct it from the XCR withdrawals as they occur, instead of taking 1% of the genesis block. SO....... whoever withdraws XCR from Bter, pays the 1% fee.
Figure this in when you purchase from another investor.
This can't make much of an explanation. taking 1% until the end of times is >= 1 at best (assuming those funds need to at least exit once from their platform)
The 1% fee
should be one time event or limited by time. it can't be moved between investors like hot potato until the end of times.
We can guess the natural behavior where the mass of the volume will stay on Bter for a long time. We can't accept worsening the trading experience for our token on this platform.
Even if the volumes will move to a different platform, we can't allow the discrimination of the token against other tokens on a platform which we are trading in.
Also, instead of choosing to take the fee from the funds that been invested, they choose to deduct it from the tokens being brought? I can't remember they notified and prompted this fact properly on their platform when buying, but my memory may deceive me.
I don't think we can justify or ignor this.
Edit: actually, I was looking into buying a nice round number, with intention to redraw my newly brought token. If I was aware of this fee, I would have try to put it in my calculations. So no memory loss this time..
Edit2: although the numbers are relative, this still conceptually little bit piss me off
