- The Blocknets initial value during the ITO equates to the following: 10 000 000 shares multiplied by an
initial share price of 0.00025 BTC = 2500 BTC.
Is BTC the only accepted coin to buy BN shares? Could Xcurrency redeem BN shares after its release?
So the usage of Xcurrency is to setup a Xnode and nothing else, right?
XC community have been supporting the team from Day1 and unfortunately the team seems to initial a new business to move on. XC holders' investment will go down the drain？
Let's explain these questions.
Sorry, I feel really bad about recent news.
Just to clear this up...
- Blocknet shares can be bought with all participating currencies.
- The usage of XCurrency is exactly what it was before. The Blocknet takes nothing away from XC. Thinking that the Blocknet will somehow dilute XC's value is like saying that Google's value will decrease by being on the internet.
- Did you even read the press release? To quote:
The Blocknet is, essentially, all the features of all participating coins rolled into one. Does this mean that by joining the Blocknet, a coin gives up its technology to the Blocknet?
- No, coins retain every single one of their features and do not give up any of them.
- Coins features are offered as services to other coins for a fee on the Blocknet.
- Nodes that render these services are remunerated for their role.
- The Blocknet also receives micropayments as fees for supporting the rendering of these services the profits for which go to token-holders.
- So instead of stealing coins features, the Blocknet does two things:
o The Blocknet increases a coins userbase for its services. No longer are coins only used by their (generally tiny) communities.
o By extending the reach of a coins service, the Blocknet serves as the most effective form of advertising possible for a coin: actual usage. Nothing will attract users more than trying a coins service and enjoying it.
- Furthermore, the Blocknet removes multiple barriers to entry for would-be users of a coin, like
a) Making it trivially easy to discover a coin amidst the thousands in existence.
b) Not requiring a user to research a coin and understand it before adopting it.
c) Not requiring a user to download new software and learn how to use it.
d) Not having to do market analysis to calculate the risks of buying a coin before one can use it. For the first time the Blocknet makes it possible for coins services to be used without one first having to buy coins, and coins can be traded without having to use their services.
I must admit, I am trying hard to understand how this all works but I am stumped... Blocknet, ITO's, 10% off sales for coin/share purchases, Web 3.0, XC Inc Shares, Micropayments, XNodes, XChat, XBridge, XMixer .....this is the most confusing coin ever......Good luck marketing this to your every day user.
Edit: And I am concerned by the statements above - it gives the impression of a desperate attempt at a cash grab...."combined market caps of all the coins" come on...