CREATE ASSET FEES - Githubissues

bitsharescrude commented 4 years ago

Currently Create asset fees have been increased by a whopping 1000% This pose a problem for small businesses and entrepreneurs who would love to create low risk tokens for projects or non-profit tokens for giveaways and memes. The solution of creating a one stop Token with subsequent price reduction for multiple.token is not enough.

Since the fee increase was as a result of the abuse of the low fee entry by rogue miscreants and fraudulent entities, I suggest that;

The fees be reduced at least back to the previous amounts for Lifetime members especially the longer Symbols option. Asset creation fees Longer Symbols: Lifetime Members 2413BTS/ Basic members 24130BTS
Or completely scrap the asset specific features for basic member and make it exclusive for LTMs
Or create a above 10 or more symbol option that is cheaper The asset create feature is a very important part of the BTS platform that gives it a competitive edge as a well known DEX in the cryptosphere, I appeal to the committee and those in charge to review urgently this fee increase and take appropriate corrective measures before the next core release scheduled in June.

abitmore commented 4 years ago

The bitshares-ui repository is not the best place to discuss individual fees. I'm transferring the issue to the committee-tools repository.

abitmore commented 4 years ago

Note: this issue is due to https://github.com/bitshares/committee-tools/pull/15.

abitmore commented 4 years ago

@noblenobert wrote:

The fees be reduced at least back to the previous amounts for Lifetime members especially the longer Symbols option. Longer Symbols: Lifetime Members 2413BTS/ Basic members 24130BTS***

On one hand, I don't think 2413 BTS is a lot for businesses with proper plans.

On the other hand, I do think cheap multiple.token is the solution for businesses. It helps in recognition and branding for direct users of the BitShares platform. For indirect users, businesses can always remove the asset prefix from their own UI.

@noblenobert wrote:

Or completely scrap the asset specific features for basic member and make it exclusive for LTMs Or create a above 10 or more symbol option that is cheaper

These are new features thus require a protocol upgrade (aka "hard fork"). It's better to discuss in https://github.com/bitshares/bsips.

bitsharescrude commented 4 years ago

@noblenobert wrote:

The fees be reduced at least back to the previous amounts for Lifetime members especially the longer Symbols option. Longer Symbols: Lifetime Members 2413BTS/ Basic members 24130BTS***

On one hand, I don't think 2413 BTS is a lot for businesses with proper plans.

On the other hand, I do think cheap multiple.token is the solution for businesses. It helps in recognition and branding for direct users of the BitShares platform. For indirect users, businesses can always remove the asset prefix from their own UI.

@noblenobert wrote:

Or completely scrap the asset specific features for basic member and make it exclusive for LTMs Or create a above 10 or more symbol option that is cheaper

These are new features thus require a protocol upgrade (aka "hard fork"). It's better to discuss in https://github.com/bitshares/bsips.

Noted however it will be nice if the cheap.multiple token could be implemented ASAP

(edited by @abitmore for formatting)

bitsharescrude commented 4 years ago

The bitshares-ui repository is not the best place to discuss individual fees. I'm transferring the issue to the committee-tools repository.

Noted

abitmore commented 4 years ago

The cheap multiple.token feature has been implemented for the 4.0 release. Please check the release notes: https://github.com/bitshares/bitshares-core/issues/2026.

bitsharescrude commented 4 years ago

The cheap multiple.token feature has been implemented for the 4.0 release. Please check the release notes: bitshares/bitshares-core#2026.

Ok that's good to know

bitshares / committee-tools

CREATE ASSET FEES #16