While I was researching @GeniusOfficial , I stumbled upon a detail that might fly under the radar: the platform currently has zero trading fees. The team has confirmed that they will introduce fees at some point in the future, and discounts will be tiered based on user loyalty.
This is something worth serious consideration.
The current cumulative trading volume of $15 billion was achieved under a zero-fee model. This implies two things: first, it's unclear how much of that volume was driven by the free policy and how many users might bail once fees kick in; second, once fees are implemented, the holding fee rate discount for $GENIUS will actually hold real value—right now, the discount is zero, and a zero discount is still zero.
After YZi Labs announced their investment, the platform's spot trading volume skyrocketed from $80 million to over $2 billion, and based on the spot fee rate at that time, the revenue for that week was roughly between $2-5 million.
This indicates that once fees are introduced, the platform's actual profitability could be quite substantial. However, whether those users attracted solely by the zero-fee structure will stick around when fees are applied is the real data point to monitor moving forward.
The official announcement for when fees will start hasn't been made yet, but I'll keep an eye on it. #genius $GENIUS
This is something worth serious consideration.
The current cumulative trading volume of $15 billion was achieved under a zero-fee model. This implies two things: first, it's unclear how much of that volume was driven by the free policy and how many users might bail once fees kick in; second, once fees are implemented, the holding fee rate discount for $GENIUS will actually hold real value—right now, the discount is zero, and a zero discount is still zero.
After YZi Labs announced their investment, the platform's spot trading volume skyrocketed from $80 million to over $2 billion, and based on the spot fee rate at that time, the revenue for that week was roughly between $2-5 million.
This indicates that once fees are introduced, the platform's actual profitability could be quite substantial. However, whether those users attracted solely by the zero-fee structure will stick around when fees are applied is the real data point to monitor moving forward.
The official announcement for when fees will start hasn't been made yet, but I'll keep an eye on it. #genius $GENIUS