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Site Profit

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Site Profit

This topic contains 10 replies, has 2 voices, and was last updated by  alexg 1 year, 3 months ago.

Viewing 11 posts - 1 through 11 (of 11 total)
  • Author
    Posts
  • #3452

    San
    Participant

    Hi Alex,

    I don’t see anywhere site profit after transactions.

    As users are paying fee for making and taking don’t you think fee amount should be deducted from users and added to site balance? User wallets balances should be less than actual wallets balances after transactions.

    Thanks

    #3464

    alexg
    Keymaster

    Hello San,

    I do plan to provide some reporting capabilities as to what fees are paid. This will probably be somewhere in the admin dashboard.

    As users perform internal transactions, the total user balance does decrease (as shown in the adapters list), while the wallet balance remains the same, as expected.

    If you do not see this change, perhaps you have not set any internal transaction fees? If you are using the CoinPayments adapter, the internal fees are set to 0 by default, but you can set them to something else.

    kind regards

    #3468

    San
    Participant

    Hi Alex,

    Yes you are correct. Users balance does decrease.

    I was expecting users decreased balances in coin adapter where it shows wallet balance and user balance.

    I have provided all the fees everything is working fine.

    Just that there is no reporting for site fee gains.

    Please take your time as you feel.

    Thanks

    #3631

    San
    Participant

    Hi Alex,

    I guess at the moment even if user balances reduces at coin adapter page in admin, it helps. That should be by default technically, am i correct?

    Thanks

    #3656

    alexg
    Keymaster

    Hi San,

    The coin adapters page always shows the correct sum of user balances. This is so you can compare with the hot wallet balance.

    I’m not sure I understand your question. There is no option to set, so it is not a default.

    Let me know if this answers your question.

    #3658

    San
    Participant

    Hi Alex,

    Maker and taker pays a fee to buy or sell, so fee amount should be subtracted from user balances and get added to total wallet balance. isn’t it that way?

    #3662

    alexg
    Keymaster

    Hello San,

    No, actually the fees get subtracted from user balances. The hot wallet balance should be unaffected by any trades.

    Please see the glossary section of the documentation for an explanation on how balances work.

    kind regards

    #3690

    San
    Participant

    Hi Alex,

    Today i checked everything thoroughly, and things working fine.

    I guess if you can add another column (site profit) in adapters, should be alright.

    Thanks

    #3697

    alexg
    Keymaster

    Sure, this should be relatively easy to implement, it would be a sum of all fees.

    Will add it to the adapters screen soon.

    Thank you

    #3702

    San
    Participant

    Exactly !! thanks

    #3900

    alexg
    Keymaster

    Hello San,

    In the latest release 3.6.0 of the plugin I have added a “fees” column to the adapters list.

    You can have a look at the relevant blog post.

    kind regards

Viewing 11 posts - 1 through 11 (of 11 total)

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