Currently, Users can earn rewards via Shopping cashback or Staking StormX / Athens tokens.
When a user wants to Withdraw these rewards, the StormX team pays the fees for that withdrawal.
The team has a patented system for batching transactions which helps reduce the cost of these payments, which is really beneficial at keeping the costs down.
I am suggesting we have a discussion around two key ideas;
A. Limiting the amount of “Free” withdrawals a user can make.
B. Introducing a mechanism to Earn/Increase the number of free withdrawals a user can make.
Suggestions:
1A. Limiting the free withdrawal limit to once a month. If a user wants to withdraw their available balance, They will check a box, or indicate they want a payout, and at the end of the month on a specific day, it will pay out. This means the StormX team can still batch all there transactions with there Patented system.
2A. If the user wants to withdraw before the team “does it for them”, they can pay for the gas, or pay a STMX token fee. If the fee is in STMX, then virtually everything would stay the same as it is now, but it would allow the team to have an additional revenue source. This revenue source could help refill the staking pool, or go to another fund.
1B. In this situation where the user is limited to a certain amount of withdrawals, the team could potentially allow for certain “Membership tiers” have additional free rewards.
I.e
Bronze users get 10% off Withdrawal Fees for early withdrawals (assuming the fee is in STMX)
Silver users get 1 additional free withdrawal per quarter (3 Months) + 10% Off withdrawal Fees
Gold Users also get 1 with 25% off Fees for early withdrawal
Platinum users get 1 or 2, with 40 % off Fees for early withdrawal
Diamond users get 2 to 4, with 50% off Fees for early withdrawal
Conclusion;
Pros:
Either suggestion furthers the StormX system by either ;
Increasing cashflow/Decreasing Overhead for staking.
Adding additional membership bonuses
Cons:
Additional In-App and/or Smart contract complexity
Technical overhead, User experience
Funding to create this change.
Please discuss.