A little summary for some important questions and answers :
Blocknet fees have to be paid in something right?
We're offering the community a chance to earn Blocknet fees by owning shares (tokens).
In return, the Blocknet gets development funding.
You're right, Blocknet tokens are not used for currency conversions.
They're used to allocated fee-revenue to holders.
They're also used to express the value of the Blocknet.
And, lastly, they're used to enable community-ownership of Blocknet assets.
Personally I'd love some proof-of-concept code to be released prior to the ITO.
Part of the XBridge code is actually completed so this might be possible.
Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.
Now pool all the developer talent from all the participating coins.
This code will get nailed down good and proper. You're right. All current participating coins are included for their genuine (and relevant) innovation.
Personally I'm not averse to large user-bases by any means though. :-)
Thanks for the summary, but I still don't understand what would Blocknet take fees for if not currency conversion. This way it seems like just another coin with own blockchain and ability to interconnect other blockchains.