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RE: How new user on the DAX can start to trade?

in #bitshares7 years ago

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.

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

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.

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