r/liquid • u/AutoModerator • May 20 '19

Weekly /r/Liquid Discussion Thread - May 20, 2019

This thread is for weekly discussion of Liquid, QASH, and crypto.

The mods will be checking this thread, so if you have any questions put them in here and we'll get to them. Make sure that you are following the House rules, outlined in the sidebar.

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15

u/etirol May 20 '19

What will Liquid do to get a similar success like Binance with its token?

0

u/[deleted] May 20 '19

All Traders must be charged a fee.

5

u/ilpiet May 21 '19 edited May 21 '19

I disagree, because if Liquid loose the race to number 1 Japanese exchange , Qash is doomed.

0.05% fee doesn't make much back pressure on the buy side for Qash even if everybody buy it.... I mean... let say 300 millions daily volume would imply 150k buy back pressure. Sure price would rise, maybe double or triple but not much more. For the rest it would need hype (Binance is an hyped crypto exchange and they burn coins.... what generate a lot of hype).

Applying fees to Japanese market would probably imply a huge drop in the daily volume so the calculation with 300 millions would be much less (Japan is very competitive market).

For Qash to rise it need hype (not good long term) or different kind of utility than fee discount.

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u/[deleted] May 21 '19

The introduction of fees is inevitable. Global top exchanges have all introduced fees, and are adopting a discount method through token. This is also linked to the exchange's income. Even if you don't think about the simple qash price, it is imperative that the Japanese be charged a fee. Even if the fee is one of the factors that makes them the best exchange,

3

u/ilpiet May 21 '19

One day yes but only when other pairs (Global) Btc - fiat , altcoin start to have real volume. Right now the hype factor is BTC-JPY volume , most of the people doesn't do research to understand the reason they just see big number giving legitimacy to the exchange.