[hey2022]

I don't think that's correct.

Apple's cut is taken at the time users buy TikTok coins, not at time of donation/withdrawal. You get more TikTok coins for the same amount of money on web because they don't have to give Apple/Google a cut. So once your fiat is converted to a TikTok coin it's already "clean", meaning all app cuts have been accounted for.

[protoc]

The giver buys 100tiktok coin for 100usd. The receiver gets 100tiktok coins from the giver. For google/apple to get there 30% cut, the 100tiktok coin can't convert back to 100usd.

[view]

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.