Thank you for your reaction Bitcoinskeptic.
We have to decide how we are going to compete with competitors also offering bitcoin backed stablecoins. And I think if ZERO is succesfull we can expect also new competitors entering this space.
Are we going to compete on fee, or do we differentiate ourselves from competitors?
If we chose to compete on fee, this could result us being stuck in a race to the bottom with very low fees, resulting in low value of the SOV token and problems to fund our operations.
Imo we should aim to differentiate ourselves from competitors.
We should communicate clearly we charge a fee to fund our operations, as we want to keep the platform save and reliable, develop the platform, offering other products next to stablecoins, invest in our community, etc, etc.
Trust in the protocol will be the main hurdle to adoption, not paying a one-off fee of 0,5% or 1,0%.
But sure, some users will only look for the lowest fee possible and choose to go to a competitor.