Asking these kind of technically critical questions is what if have been missing on waves ico back in the days.
I see only two questions from Tempus unanswered:
How does the token enables the technology?
The HEAT blockchain and client are the live functional examples of what the company does. The company can deliver such solutions or variations thereof for customers and JV projects - as we're doing already. And the company can deploy projects and partnerships (like new cryptocurrencies from 3rd parties) on the HEAT blockchan / HEAT client. And we can consult how to use HEAT blockchain, asset trading, HEAT open source, or HEAT client to implement various company projects. Lots of possibilities there, the HEAT blockchain and client are the central hub and heart of it all.
understand that it's a fee-payment system. But I don't understand why it needs a token for it. Wouldn't it be possible to take just the fees of the coins that will be traded on Heat?
Direct crypto-crypto p2p trading (one with trading software orders levels like Poloniex,
not one direct like Shapeshift with static prices from the house) requires not only gateway (that Shapeshift has) but also
tokens that are listed on the buy and sell boards (that Shapeshift doesn't have). These tokens are either inhouse functioning through company's own database (like Poloniex), or they're blockchain tokens on some decentralized platform.
HEAT uses blockchain tokens on its own blockchain to form buy and sell orders, which are then matched and the real crypto funds consequently transferred to counterparty of the trade. Thus trading fees are paid in HEAT to the HEAT blockchain. But like I explained this might not be visible for the user. If the company operating the gateway wants to charge the trading fees in BTC or ETH for example, they could do that through their own Distributed Service working at the gateway level. We can do such too, however it's Heat Ledger Ltd's interest to use HEAT tokens as the fees base, so we're not thinking too much how to charge fees in other crypto for using the HEAT chain. Use HEAT trading chain, pay fees in HEAT. If there's a gateway that makes the HEAT fees invisible for the user but still pays blockchain trade fees in HEAT, excellent.
If there are any more pending questions from yesterday or earlier about the HEAT technology or financial structuring that I or Dennis haven't addressed, kindly state them and I'll be happy to answer. Most of Tempus's long posts consist of something else, so it would be useful to lay out the questions in clear manner. We're quite busy though, so I may have missed valid questions.