I think their system works like this:
You buy two coins for $0.02 and they give one diamond or $0.01 to the recipient. This looks like a 50% cut but after App Store fees and taxes it's more like 25%.
Still bad but not 70% as implied in the article.
You buy two coins for $0.02 and they give one diamond or $0.01 to the recipient. This looks like a 50% cut but after App Store fees and taxes it's more like 25%.
Still bad but not 70% as implied in the article.
So you think this is because of quantization at the level of cents in the unit of account?
I’m thinking it’s not possible for TikTok to take 70% of the proceeds if there’s App Store fees and sales taxes / VAT involved.
But please show me the math if I’m wrong.