RE: Gs20Exchange26 Jan 2025 07:48
Wayne here's my thoughts now on the exchange, I believe the volumes may be correct, however as the exchange has not been fully launched yet, I don't think the exchange is charging its current users the 0.2% commission fees, pretty clear from the results. It was in a soft launch to picked users to use and provide feedback, I would suggest the full fees were not being added, it's then gone from that to a wider roll out to more users, hence the increase in volume but again not the full commission fees were being applied. So now we have the integration of Bake platform and from that the full roll out of the exchange. So, once fully launched and operational, the volumes should go up and the correct advertised commission rates should be applied, so going forward we should then see the numbers we have been working out, I.e the full 0.2% commission being charged to all users from day 1 of the full launch.
You saw the figures from Bake a few years ago, you've seen figures from other exchanges that are out there, so once fully out there we will see our own figures and the money it can make. The integration and the full launch is huge for us imo and that's why I think it will shock the market when completed.