Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure

What's the utility/purpose of the Blocknet coin within the Blocknet decentralized exchange?

Been looking for documentation on this and haven't found any.

Thanks

1. You can use it to stake for more coins.
2. You use block as fees to pay to the service node for making trades.
3. You can have 5000 block to run a service nodes and earn those fees.

Service node is 5k block?

Yes, for now they set it at 5K. Cheap still.

I would hardly call 55k cheap. The amount of required coins is too much compared to total supply imo. This will greatly limit the amount of servicenodes. It should be 500-1000 imo

The price of a single Block was 10 cents for 2 years. A node was cheap back then. Many many people who purchased during this period have enough block to run nodes.

And the thing is... It's cheap still now because... once this is launched with the user friendly UI being developed by a world class company, $55k will be ultra cheap when you look back when it becomes possibly $550k...