Network fee 3% is it reasonable? #43
Description
Page 35, is the 3 % fee reasonable? How did we arrive at that number?
Thinking of small to medium business that might become a colony DAO will this fee sound reasonable to them? If we think about a dao colony as a digital administration and finance/accounting service for the firm, how does 3% compare to what businesses are paying for those services? Assuming, colony replace 50% of these traditional services, and they usually cost 10% of firm revenues, incremental value created for the firm is a saving of 2%.
Since this number is critical to attract and onboard businesses, you are asking for a 3% paycut on each employee paycheque, i would love to see more in depth analysis about the economics for the dao business.