1 Level
6 Review
9 Karma
Review on BitShares by Trung Nguyen
The BitShares Referral Program is designed to promote infrastructure…
The BitShares Referral Program is designed to promote infrastructure development. Decentralized financial networks depend upon their business partners to build an ecosystem of businesses, such as exchanges, merchant services, hosted wallets, lightweight wallets, and block explorers. With the BitShares referral program, merchants can now earn more by advertising their support for the BitShares platform. While other platforms primarily promise lower fees, BitShares offers merchants an ongoing revenue stream.
Free market competition results in many different hosted wallet providers competing to acquire new users. Each of these providers has a financial incentive to advertise their wallets by traditional means, which in turn increases the network effect for the BitShares ecosystem.
Pros
- At just a few cents per trade*, BitShares is one of the cheapest exchanges around. Other exchanges charge a percentage of your transaction volume. For a $1000 trade on BitStamp you will pay $5 vs less than $0.01 (Jan 2015) to make the same trade on the BitShares exchange. The more traditional exchanges like E-Trade or Scottrade charge over $5 per trade. Taking these price comparisons into consideration, clearly it doesn’t get any cheaper than BitShares.
Cons
- Limited liquidity.
