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Author Topic: Looking for a tokenomics advice!  (Read 165 times)
spacelab (OP)
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February 04, 2019, 05:04:21 PM
 #1

I've met a guy, who's making a cryptocurrency exchange. They've been developing it for a couple of years and they've avoided going through ICO.
As far as i know, they are launching soon and the only choice left is the tokenomics. I've given them my opinion, but i beilive that the uderstading lies on a lot of opinions of daily crypto users and traders, so i've decided to give it a shot and ask you guys. The token itself will be used to have a discount on fees and, maybe, something else
Here are the options that they have:
1. They are giving out tokens as a return from paying fees, the price of the token is set by the company and the price is changing (from low to high) with each distributing phase every 2 months and capping at 5 months. The token will be listed immediatly at the exchange.
2. Token is listed immidiately and users are getting tokens as a return from paying fees, but the amount is determined by the tokens market price. The amount of tokens may be limited per day (not for every single person, but for the whole exchange) and they are given out proportionally (like the EOS ico) to the trade volume. ( as i understand this, for example, you are trading there right after launch and since there're few users, your trade volume is 30% of the whole day trading volume on this exchange, so you get 30% of all tokens for that day). And they will just devide the whole amount of tokens by 365 and will be giving out tokens for a whole year.

What do you think about these options? Wich one sounds better or can be way better with addition of something\changes?
ansi
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February 04, 2019, 06:26:01 PM
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The idea isn't new to be honest & that's mainly what most exchanges coins / tokens do (KuCoin, Binance...) you name it, any exchange coins / tokens are some kind of utility one that reduces mainly FEEs & Profit Shares among their holders / traders on that exchange.

They'll be making a big mistake not listing their token into a good exchange, even a Dex one like IDex (at least) so they get the needed attention & liquidity for it o people look  for it. Listing their token MAINLY & ONLY into their exchange won't make a big difference, people tend to use what's already there & proved to be trustworthy not some new launched exchange (i won't call them SCAM though, but let' face it, this is the reality).

They'll have to work really hard on marketing & make people putting their cryptos into their exchan,e that's the big ste i say. Also, i hope their exchange is Dex one not Centralized one because it will be hard to make marketing for it unless they have a good team behind that.
spacelab (OP)
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February 05, 2019, 03:27:21 PM
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The idea isn't new to be honest & that's mainly what most exchanges coins / tokens do (KuCoin, Binance...) you name it, any exchange coins / tokens are some kind of utility one that reduces mainly FEEs & Profit Shares among their holders / traders on that exchange.

They'll be making a big mistake not listing their token into a good exchange, even a Dex one like IDex (at least) so they get the needed attention & liquidity for it o people look  for it. Listing their token MAINLY & ONLY into their exchange won't make a big difference, people tend to use what's already there & proved to be trustworthy not some new launched exchange (i won't call them SCAM though, but let' face it, this is the reality).

They'll have to work really hard on marketing & make people putting their cryptos into their exchan,e that's the big ste i say. Also, i hope their exchange is Dex one not Centralized one because it will be hard to make marketing for it unless they have a good team behind that.

The exchange is not Dex. It's fully legal (registered officially not in an offshore county) and will have KYC
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February 05, 2019, 03:45:11 PM
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Both ways sound way too complicated.

If it pays dividends let it pay dividends.

Don’t mess with the token or change it, a lot of exchanges pull this shit and it’s really annoying.

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February 05, 2019, 09:13:20 PM
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I think let them raise funds and sell their tokens directly to investors and after the launch of the exchange they should either adopt binances model or profit sharing model like coss or kcs etc.

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spacelab (OP)
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February 06, 2019, 11:42:53 AM
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Both ways sound way too complicated.

If it pays dividends let it pay dividends.

Don’t mess with the token or change it, a lot of exchanges pull this shit and it’s really annoying.

They are just for fee discounts almost like binance has
spacelab (OP)
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February 06, 2019, 11:43:21 AM
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I think let them raise funds and sell their tokens directly to investors and after the launch of the exchange they should either adopt binances model or profit sharing model like coss or kcs etc.

They are not rasing funds, it's not an ICO, they're launching already with their own funds
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