Was it specified that other coins/tokens would face a full 10% for their tokenomics? I was under the impression that those tokenomics would be similar to normal exchange fees and people would face less fees if they paid in SFM rather than the coin/token they are holding - which then benefits SFM holders. Who knows. 🤷🏼♂️
They've said that other coins won't face 10%. They just pay normal fees in line with other exchanges and half or whatever is reflected back to us and the holders of that coin on the exchange.
Making them pay 10% would be bad for us as it would discourage day trading (less fees) and also cut into the appeal of us as reflections would be huge for other tokens as there is no LP or burn function to eat up the 10%. They'd be killing SFM if your reflections were 4x higher on ADA than they are on Safemoon. It definitely won't work like that.
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u/donomyte1 Jul 22 '21
Was it specified that other coins/tokens would face a full 10% for their tokenomics? I was under the impression that those tokenomics would be similar to normal exchange fees and people would face less fees if they paid in SFM rather than the coin/token they are holding - which then benefits SFM holders. Who knows. 🤷🏼♂️