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RE: How to build a profitable business with BitShares MPA? A few thoughts...
Great Post, Chris ! Three questions:
- We can use open.BTC, BitUSD or other asset as collateral to an MPA or only BTS ? If only BTS, the "issuer" or the "gateway" will have the cost of BTS inflation.
- What the way to propose the BitBRL creation ?
- The "Market Fee" of an asset can be 0.1 or 0.2%? The actual interface of openledger client only accept integers. 1% is very high market fee. In Brazil, in the past, we have an tax called CPMF to every bank transaction we need to pay 0.38%. Too much !
Thanks in advance and congratulations for the Blockpay team.
Hi Br-Real,
Thank you for your question.
Yes, you can use other assets like open.btc or BitUSD as collateral with MPA too. That is more or less the second stage progress when enough BitUSD have been created. BTS is not inflating right now, there is a limit amount of BTS in existence that will not change.
For the creation of BitBRL, you need to buy BTS first, then issue the MPA and sell it for a small premium to the market. The BTS price is very low and stable right now so it can make sense. But also consider increasing your collateral if needed.
MPA market fee is 0% right now. In case we really need to change it then the committee members can initiate a change.
Thanks !