Community post
BitShares Stakeholders basic overview
Hi guys,
I'd like to create a couple of small diagrams that may help explain some basics of #BitShares for you and me to better understand this amazing blockchain tech.
So here is my first diagram, a basic overview of all Roles/Stakeholders within BitShares.
If you want to see some specific topics covered here please let me know in the comments below.
And if you like this post please Upvote and Resteem.
Thank you and good luck
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Replies (6)
Disclaimer: I am just a bot trying to be helpful.
my question is how a lifetime member can get paid via bitshare?
Lifetime Members get a percentage cashback on every transaction fee they pay and qualify to earn referral income from users they register with or referer to the network. A Lifetime membership is associated with a certain one-time fee that is defined by the committee.
Every time an account you referred pays a transaction fee, that fee is divided among several different accounts. The network takes a cut, and the Lifetime Member who referred the account gets a cut.
The registrar is the account that paid the transaction fee to register the account with the network. The registrar gets to decide how to divide the remaining fee between themselves and their own affiliate.
Fees paid are only divided among the network, referrers, and registrars once every maintenance interval.
Most fees are made available immediately, but fees over the vesting threshold (such as those paid to upgrade your membership or register a premium account name) must vest for some days as defined by the committee.
Once you are LTM you can use referral links to register new users and earn profit.
i.e. https://bitshares.openledger.info/?r=referral.btswolf
?r=[BitShares LTM Accountname]
see also: https://steemit.com/bitshares/@ash/cashback-offer-bitshares-life-time-membership-upgrade-and-get-30-cashback
and: https://bitshares.org/technology/referral-rewards-program/
thank you for the explanation
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Thx for the info