I don’t understand how this is profitable. Isn’t the “profit” just coming from producing tokens when people buy or sell from a store built on the dstors platform? How is that any different than how steem works?
I don’t understand how this is profitable. Isn’t the “profit” just coming from producing tokens when people buy or sell from a store built on the dstors platform? How is that any different than how steem works?
Hey Yallapapi,
dStors will receive 7.5% commission from every transaction. Insertion fees along with advertising fees will also accumulate. please take a look at the White Paper details on: www.dstors.com
PS: I sent you a steemchat!
7.5% comission is quite high. Are you sure you can offer competitive prices both for seller and buyer if the STORS token scheme were to be ignored?
I reserve the right to adjust, change and improve anything about @dstors - you obviously haven't read the whitepaper where it talks about rates between 3 to 7.5% depending on various factors. A lot of factors, actually. Only the seller pays, never the buyer. High volume and dollar amount sellers will get discounted fee schedule on a sliding scale. The fee will be collected upon transaction completion.
If this is what you call competitive, then I'm happy to tell you that we will wipe the floor with those guys. In short: I'm sure.
Hi @ucukertz,
Not sure if your comment is impression based or data derived. Our 7.5% is data derived from the competitive landscape.
Also, very important, please note that Buyers always pay ZERO fees. The fees are all on the seller side.
Keep in mind also that on eBay for example the commission is 9% but tops out at $50. It doesn’t scale indefinitely
I don't think that's correct, at least in the USA:
Ebay has $500 Mil per month in profit. That means a total of more than $5 Bil in transactions every month. They can't make $500 mil per month at a capped $50 fee. Look at their cash flow....not possible with a $50 cap on fees.
For dStors, fees wouldn't scale of course if it was a single $1 Mil transaction. However, the composition of MOST transactions are expected to be mostly in the range from $125 to $650. In this scale, $1 Mil total transaction made up of the average price items would scale accordingly.
But here is the differentiator. On eBay, what do the seller and buyer get after the transaction? Nothing but the transaction completion. dStors will raise the value ceiling by rewarding buyers and sellers with STORS tokens that can be spent for upvotes from dSTORS voting bots on either the Steemit or Whaleshares sites. Or, the STORS token can be sold on the Bitshares exchange for FIAT or BTS or any other cryptocurrency. Or they can hold STORS tokens as convertible options to the ICO tokens.
Makes sense. To be fair I only did one little google search. Looks good though!
Looking at the charges by the e-commerce giant Amazon, @dstors potential charges seems fair enough.
This is on Amazon
$39.99 a month + other selling fees, which includes referral fee ranges from 6% to 20% of a product selling price, and shipping orders are to be paid by the seller.
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