- Can there be an $FTT program for distributing some portion of the fees in the tokens collected instead of burn?
I'm sure FTX users want better exposure to how aggressively you add new assets, a more diverse portfolio, & potential upside of early listing assets.
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Totally.
I'm surprised that very few exchanges do this anymore its a key differentiator for someone who lists aggressively and it doesn't need to be a large portion, just some split of the asset.
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We've thought about this! There are some downsides to it.
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I imagine some regulatory concerns, db resources & also eating at cash margins, but I was imagining you require users to lock the $FTT in exchange for this share, such as 10% of what would have been burned distributed to stakers. Benefits ftt liquidity & is opt in. Balances out?
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For you? Damn thought SG companies had no tax on div distributions but guess before it can be distributed you technically have to count it as profit.
On the user side at least they'd be responsible for that on their own.
That sucks either way.
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ya less worried about the responsibility side there than about the net result