[PANEL]  The Commission - How Much Should a Platform Charge?
Channel: TripsCommunity
Date: 2020-07-17

Main takeaways:
- The luxury sector would argue for a regressive and capped commission.
- The commission in Trips may change in time or be different according to the amount of the booking.
- The commission in web3 can be decided by the network and voted on with a binding smart contract commitment (see DeFi experiments as Compound Finance).
- Benefits of lower commissions could be great for everyone: more upsell, more software and hardware etc…
- 0% commission as some tokenized companies offer would be welcomed with suspicion.
- Transparent on commission is important.
- The membership model (as Bidroom) is interesting but may not be an option for people who don't travel much.
- There's a growing trend of prioritized calendars (open availabilities only in some channels).

THE PANELISTS

Moriya Rockman: https://smilinghouse.ch ,  https://smilinghouse.ch/press
Eric Mason: https://yes.consulting
David Jacoby: https://www.hostfully.com

THE LINKS
Origin Protocol: https://www.originprotocol.com
Trips Community: https://tripscommunity.com

Compound Finance: https://compound.finance/governance
Bidroom: https://bidroom.com

====

Trips will take 5% commission on each transaction.
It will be used for platform management and marketing.

Is it enough?
Should we charge more, or less?

We plan to let the network decide via binding votes which will reflect in the smart contracts dealing with payments.