How new user on the DAX can start to trade? by noaommerrr

View this thread on: hive.blog | peakd.com | ecency.com

bitshares · @noaommerrr · Apr 5 '17

$0.24

How new user on the DAX can start to trade?

<html>
<p>Hi,</p>
<p>When new use create account via one of the faucet he have no balance.</p>
<p>Then he transfer some BTC to openleager.</p>
<p>My questin is how can he start trade if he have no BTS to pay the trading fees?</p>
<p><br></p>
<p>Thanks</p>
<p><br></p>
<p><br></p>
</html>

👍 fuzzyvest, dirkzett, noaommerrr, inchonbitcoin, destbest, cryptos, fyrstikken, valtr, bitland, pairmike, proctologic, ambyr00, sqube, karenmckersie, barrydutton, seablue, gomeravibz, jamesjarman, mindhunter, giantbear, richardcrill, riskdebonair, whatageek, meysam, shadowspub, steemitguide, surpassinggoogle, juvyjabian, youngkim, timelapse, forrestwillie, darthnava, steemitqa, konelectric, daisyd, jacobts, cathynsons, patelincho, andrei, cwatch, driptorchpress, mycryptomark, willsplace, dirty.hera

`author`	noaommerrr
`permlink`	how-new-user-on-the-dax-can-start-to-trade
`category`	bitshares
`json_metadata`	{"tags":["bitshares"],"app":"steemit/0.1","format":"html"}
`created`	2017-04-05 12:28:45
`last_update`	2017-04-05 12:28:45
`depth`	0
`children`	5
`last_payout`	2017-04-12 12:28:45
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.197 HBD
`curator_payout_value`	0.039 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	287
`author_reputation`	2,271,075,629,264
`root_title`	"How new user on the DAX can start to trade?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	2,945,992
`net_rshares`	3,162,012,406,203
`author_curate_reward`	""

properties (23)vote details (44)

voter	rshares	pct
fuzzyvest	1,351,181,816,625	26%
pairmike	3,781,326,195	1%
proctologic	3,513,732,216	1%
konelectric	416,073,788	1%
valtr	16,678,989,722	100%
noaommerrr	482,138,261,904	100%
forrestwillie	449,020,114	1%
andrei	232,059,716	1%
fyrstikken	51,959,310,208	1%
bitland	4,711,385,704	100%
jamesjarman	1,709,129,120	1%
juvyjabian	536,175,937	1%
karenmckersie	2,361,486,595	1%
youngkim	505,164,368	1%
dirty.hera	56,020,131	1%
gomeravibz	1,802,233,658	1%
timelapse	463,539,331	1%
steemitqa	430,207,620	1%
darthnava	436,594,170	1%
cryptos	65,637,363,917	50%
shadowspub	626,683,906	1%
inchonbitcoin	466,692,862,821	100%
barrydutton	2,323,307,778	1%
steemitguide	624,446,020	1%
richardcrill	1,260,877,004	1%
jacobts	354,663,176	1%
mindhunter	1,669,866,663	1%
patelincho	237,825,440	1%
dirkzett	512,211,534,578	100%
surpassinggoogle	544,813,701	1%
giantbear	1,412,907,473	1%
daisyd	401,498,995	1%
sqube	2,985,898,781	1%
cathynsons	309,825,450	1%
whatageek	966,726,705	1%
seablue	2,106,414,806	1%
meysam	676,488,992	1%
destbest	173,079,168,885	100%
driptorchpress	91,407,247	1%
riskdebonair	1,120,922,413	1%
cwatch	152,745,195	1%
willsplace	64,886,274	1%
ambyr00	3,027,106,013	1%
mycryptomark	69,636,848	1%

@kingscrown · Apr 5 '17

you will need some BTS

properties (22)

`author`	kingscrown
`permlink`	re-noaommerrr-how-new-user-on-the-dax-can-start-to-trade-20170405t131234774z
`category`	bitshares
`json_metadata`	{"tags":["bitshares"],"app":"steemit/0.1"}
`created`	2017-04-05 13:12:36
`last_update`	2017-04-05 13:12:36
`depth`	1
`children`	1
`last_payout`	2017-04-12 13:12:36
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	22
`author_reputation`	2,115,776,279,560,447
`root_title`	"How new user on the DAX can start to trade?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	2,946,205
`net_rshares`	0

@destbest · Apr 6 '17

No, it is not mandatory, you can pay fees in other assets as long as their respective fee pool are not empty.
See: https://bitshares.org/technology/user-issued-assets/#fee-pools

properties (22)

`author`	destbest
`permlink`	re-kingscrown-re-noaommerrr-how-new-user-on-the-dax-can-start-to-trade-20170406t064517335z
`category`	bitshares
`json_metadata`	{"tags":["bitshares"],"links":["https://bitshares.org/technology/user-issued-assets/#fee-pools"],"app":"steemit/0.1"}
`created`	2017-04-06 06:45:18
`last_update`	2017-04-06 06:45:18
`depth`	2
`children`	0
`last_payout`	2017-04-13 06:45:18
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	177
`author_reputation`	1,315,808,423,842
`root_title`	"How new user on the DAX can start to trade?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	2,952,873
`net_rshares`	0

@svk · Apr 5 '17

$0.02

Each asset has something called a fee pool and a core exchange rate, as long as the pool has sufficient balance you may pay the fee in that asset and it will be converted "behind the scenes" into BTS at the price defined by the core exchange rate. 

It's up to each owner of an asset to keep the pool balance sufficient, and to update the core exchange rate. 

So in conclusion: you can pay fees with any asset.,not just BTS.

👍 noaommerrr, valtr

`author`	svk
`permlink`	re-noaommerrr-how-new-user-on-the-dax-can-start-to-trade-20170405t134738694z
`category`	bitshares
`json_metadata`	{"tags":["bitshares"],"app":"steemit/0.1"}
`created`	2017-04-05 13:47:42
`last_update`	2017-04-05 13:47:42
`depth`	1
`children`	2
`last_payout`	2017-04-12 13:47:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.016 HBD
`curator_payout_value`	0.005 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	425
`author_reputation`	28,721,479,690,952
`root_title`	"How new user on the DAX can start to trade?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	2,946,507
`net_rshares`	499,157,639,172
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
valtr	0 B		17,019,377,268	100%
noaommerrr	0 B		482,138,261,904	100%

@noaommerrr · Apr 6 '17

$0.02

So it mean that the owner of the asset can set core exchange rate that reflect lower fee in BTS then the official one ?!

👍 noaommerrr

`author`	noaommerrr
`permlink`	re-svk-re-noaommerrr-how-new-user-on-the-dax-can-start-to-trade-20170406t055743611z
`category`	bitshares
`json_metadata`	{"tags":["bitshares"],"app":"steemit/0.1"}
`created`	2017-04-06 05:57:42
`last_update`	2017-04-06 05:57:42
`depth`	2
`children`	1
`last_payout`	2017-04-13 05:57:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.023 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	120
`author_reputation`	2,271,075,629,264
`root_title`	"How new user on the DAX can start to trade?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	2,952,680
`net_rshares`	482,138,261,904
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
noaommerrr	0 B		482,138,261,904	100%

@destbest · Apr 6 '17

Yes, but he will most likely put higher core exchange rate in order to gain a profit in exchange for the service he is providing.

properties (22)