I'm curious about BISQ's business model. How does it generate revenue? I want to understand the ways through which BISQ makes money.
6 answers
noah_smith_researcher
Thu Oct 17 2024
When traders utilize Bisq's services and choose to pay their trading fees with BSQ, the tokens are effectively "burned," removing them from circulation. This process ensures that the supply of BSQ remains in balance with demand, maintaining its value and stability.
SeoulSerenity
Thu Oct 17 2024
Notably, Bisq operates without a central authority or entity that oversees the creation or distribution of BSQ. Instead, the issuance of new tokens is democratically decided by the stakeholders of the platform through a voting process.
CharmedSun
Thu Oct 17 2024
This decentralized approach aligns with Bisq's commitment to transparency, fairness, and community governance. It ensures that the distribution of trading fee revenue is based on merit and consensus, rather than the whims of a single entity.
HanbokGlamour
Thu Oct 17 2024
Bisq, an innovative platform, employs a unique mechanism to distribute trading fee revenue among its contributors. This is achieved through the utilization of BSQ, a Bitcoin-based colored coin specifically designed for this purpose.
HanRiverVisionaryWaveWatcher
Thu Oct 17 2024
Newly issued BSQ tokens are awarded to contributors in recognition of their efforts and contributions to the Bisq ecosystem. This incentivizes participation and fosters a thriving community of users and developers.