Ordering Mining will be the new name of Market Making contest and will be the important part of the designed economic model, There will be 3 pair groups - BTS/gateway assets, BTS/bitAssets and gateway assets/bitAssets groups in the Ordering Mining, reward to each pair will depend on the market fee income that was contributed from this pair to the system, the infrastructure will include several parameters which can be adjusted to fit the business status, the gateway assets which are included in the ordering mining will be forced to pay part of the market fee to system before BTS 4.0 launching as a precondition of being listed in.
What type of token does BTS belongs to according to its business model? one answer is that BTS is an exchange platform token, like BNB, which means the platform needs to make money via charging fees and buy back BTS and burn, to create value for BTS stakeholders.įollowing this idea, the core prelude worker is ongoing, after it be finished and BTS4.0 be launched, several new features will be added to BTS: Margin Call Fee, Force Settlement Fee and Market Fee Sharing to system, These new features will create great potential to increase system income, however, if we want to make the "buy back BTS with system income" model succeed, it is also a must to activate the trading in BTS-DEX with the Market Making work. This BAIP optimize the MM contest rules with considering the suggestions from the community, and also add some other modules to try to build an economic model of BTS-DEX. The Market Making contest paused at after several months' operation, thanks to Abit's work, the MM contest showed us how a DEX can do effective Market Making via a decentralized task distribution mechanism, although there are criticism to the MM contest, most of the traders agree that market making is an essential service that any exchange should provide and the MM contest really made BTS-DEX more attractive, it should continue to help BTS-DEX to attract users and help users to capture value. This BAIP try to build an economic model for BTS-DEX to activate the BTS-DEX ecosystem.
0 kommentar(er)
