Cryptocurrency Q&A How does BISQ make money?

How does BISQ make money?

CryptoElite CryptoElite Tue Oct 15 2024 | 6 answers 1589
I'm curious about BISQ's business model. How does it generate revenue? I want to understand the ways through which BISQ makes money. How does BISQ make money?

6 answers

noah_smith_researcher 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.

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SeoulSerenity 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.

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CharmedSun 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.

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HanbokGlamour 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.

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HanRiverVisionaryWaveWatcher 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.

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