[bisq-network/proposals] Charge a fee to list assets (#35)

Ittrium Cryptocurrency notifications at github.com
Wed Nov 14 05:51:25 UTC 2018


Appreciate this proposal has now been closed, but I wanted to add my 2 cents worth.  

First of all, I was a big fan of the Bisq project prior to reading this proposal, and I’m a even bigger fan now!  Bisq really exemplifies how all decentralized open source communities should behave and interact.  As someone who is currently looking to list on Bisq, I’m not in favour of fees.  That said, given the number of coins that get listed which are subsequently never traded, I believe Bisq needs to do something to stop or at least minimize this from occurring.  

Imo, Bisq like a large number of exchanges (and a larger number of crypto projects) suffers the dreaded low liquidity curse. Liquidity is the term used to describe the degree to which an asset, such as a cryptocurrency, can be quickly bought or sold in the market without affecting the asset's price. 

Rather than charging a ‘listing fee’ per say, a similar much fairer approach, would require coin developers to provide a minimum amount of starting BTC liquidity (or a minimum value of BTC buy orders) to list.  Technically speaking, this can’t be considered a fee and potentially mitigates the legal issues outlined above (I’m no lawyer so who knows, if it does)!  

Increasing liquidity minimizes negative price volatility, which minimizes investor risk. The project I work on (https://ittrium.io), understands the importance of improving liquidity, and therefore, we’d be happy to pay BTC to improve Ittrium’s liquidity.  In fact, that’s exactly our strategy.

I acknowledge, there is nothing stopping the coin developers from simply selling, to get their BTC back, if they did however, at least it would increase Bisq’s trading volume.     


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