I was reading your whitepaper, because there is something I don't understand. You say that a 'trust node is a critical element', but what exactly does it do?
Does it run any code in the ETH blockchain to settle transactions? And if it does, why do you need many accounts loaded with tokens and registered to accomplish... whatever the trust nodes are going to accomplish?
Does it provide any other service than an incentive to buy tokens?
From what I could read, it seems to be just a way to keep some buying pressure on the token, much as all those scammy Dash clones popping up every week.
The trust node is a critical element within the network and performs the important job of maintaining, updating, and securing the PayFair ecosystem. Trust Nodes support the price of the token, they make it stable and resistant to dramatic changes. The incentive to hold trust nodes are that they are awarded for their participation in the system.
Node holders receive commission fees for every successful trade or deal on the platform of which is paid out in the currency that the trade was completed in:
- 80% of the 1% Fee taken from Non-Escrow transaction are distributed back to Trust Node holders.
- 40% of the 3% Escrow transaction fees are distributed back to Trust Node holders.
Additionally Trust node holders will be able to suggest and vote on the development of the platform and which cryptocurrencies to add next.