As for the Revolut, I do enjoy purchasing some crypto via Revolut. However what you purchase on Revolut will remain on Revolut, and you cant transfer it to your wallet. So there wont be any staking available when you purchase K9 via Revolut.
I love the idea. I would like to see a solid partnership with the payment company to keep the fees stable and low.
For example: Buying Bone on shib.io and shibarium.shib.io has a 4% fee. MetaMask has a few options for the user to choose which company they’d like to go with, sorted by lowest fee to highest fee.
If we can negotiate with a single entity for the lowest fees (and static), that would entice users to use the utility. Especially right now when ETH gas fees are in the pennies to low dollar amounts.
What if we work with WEEX to add KNINE as a token to buy directly on Shibarium and then integrate that on k9finance.com? Same concept as the proposal, just powered by WEEX instead of MoonPay/Revolut
Remember that there is always fee’s buying crypto with card, either its on DEX or CEX, so whenever u are going buy crypto with cash and want them on Shibarium, this is the best way. afaik . . .
Right. What I’m saying is (Take BONE on shib.io as the example):
4% of $1000 is $40.
Right now, ETH gas fees are only a few cents to a couple dollars. So I can buy ETH from Coinbase for an $11 fee, go to Uniswap and swap ETH for KNINE for $1 and bridge the KNINE to Shibarium for an additional $5 after the approve and bridge transactions. So $17 in fees is less than the 4% fee.
That’s why I’m advocating if the DAO does pass this proposal, that we negotiate with whatever payment company that’s chosen to make it worthwhile for the buyers with a low and static fee.
As the bull run picks up steam, a 4% fee could be better than spending $100+ in gas fees, but as of today, that’s a hefty fee comparatively.
It could be different depending on the region you live in. In your case, a direct purchase option with a 4% fee isn’t so bad.
I buy my ETH from Coinbase using my Coinbase Wallet. I don’t have Premium. When I just mimicked buying ETH, the network fee was $.16 and the fee from Coinbase was $18.75.
I’m not against the proposal at all. I agree it would be beneficial. I’m just nudging for negotiations to make it enticing for all users to want to go that route.
Some great conversation…My thoughts without more research…We already have an option within Shib.io for direct purchases.Do we need more options at a cost to the DAO?
Thank you for presenting this comprehensive proposal for integrating Visa and Revolut buy options on the K9 Finance official website and dApp. I appreciate the effort and thoughtfulness that has gone into outlining the objectives, implementation strategies, and potential benefits of this initiative.
I wholeheartedly support this proposal, as I believe that providing users with flexible and accessible payment options will significantly enhance the user experience and encourage greater adoption of $KNINE. The ability to invest more conveniently aligns perfectly with K9 Finance’s commitment to simplicity and user-friendliness, making it easier for both new and existing users to participate in our ecosystem.
I look forward to engaging with the community during the upcoming discussions and participating in the voting process. Thank you for your dedication to making K9 Finance a more accessible platform for everyone.
Thank you so much for your warm welcome and kind words! I truly appreciate your support and encouragement.
It’s great to hear that you enjoy my style. I believe that respectful communication can make a significant difference, and I’m glad to know you share that sentiment.
If you’re interested, I would love to connect with you on Twitter. My Twitter handle is the same as my name here, Toxon_1405.
I look forward to engaging with you and the rest of the community in the future.
Will the payments be made on the Eth chain or on Shibarium? I’m in favor if the integration will be on Shibarium. We just have to increase adoption of Shibarium.
I’m in support of this proposals to help increase adoption and better user experience. A few tweaks here and there and I can see this suggestion being very effective.
In order for this to be a proposal that could be analyzed and go to vote with KNINE token holders there will need to be a specific & accurate budget, implementation plan, and cost.
Right now, while this could be a good idea, it is really just an idea and requires someone to do the heavy lifting to speak with the vendor, finalize costs, and structure an implementation plan.
Since this is not a direct roadmap item as of right now, internal development efforts need to be spent on fulfilling the roadmap
Regarding the new proposal from Shelby, maybe we should try to gather some numbers. Do you know who managed the $BONE buy option on Shib.io? Could you find out who it was, get access to those numbers, or any other helpful information? Or maybe help me get in contact with them?