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Do these fees feel fair?
Fee is the ante. This is what you ultimately bet against. I'm not sure about the win fee.
Is 1% too high or too low for Sell/Win?
Too high for win, on the high end for sell but doable. I'd recommend lowering the win fee to perhaps half of this.
Would you prefer another structure?
No, but don't forget to charge withdrawal fees. I haven't checked what you have right now.
Re: your "user created markets" idea. I think this is a good idea. Since you can't prevent someone opening a second account (as you do yourself with the "bot") just let the market creator enter on their markets? Just have to know who created a market so that we can spot fishy markets
Thanks for candid feedback.
Your suggestion is in line with the other member's like @denlillaapan - we will reduce win fees to half percent 0.5 % or 50 bps. It will incentivize the users to stay the in the market for long haul. Win fee must be less than sell fee.
just let the market creator enter on their markets? Just have to know who created a market so that we can spot fishy markets
Good idea - we'll work on implementing it.
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Win fee must be less than sell fee yeah, that's gonna instantly make me less degen/click-prone ("gotta do something, gotta trade!")
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