Wrong Blocknet is the Hosting.
XC, Fibre, Swift and all other coins are the "APPLICATIONS" .
Applications can make money.
Money can be shared.
Shareholders are Blocknet
Shareholders are Coins Participating
Shareholders are Maintenance Fees
That is my summary. And if I am honest I am looking forward to that. That gives a lot of possibilities.
From what I've read, it's not a hosting as all participating coins are able to function independently. If Blocknet was a hosting, they wouldn't be able to. Blocknet is a communication media, like ISPs. So who and for what would pay the Blocknet?
OP tells about "services" that coins would be able to provide for users of other coins. These services would be paid in particular coins and converted by the Blocknet. What is the part here that involves paying in Blocknet shares?
Basically they are replacing btc as a median and using blocknet shares in its place. Thats what it looks like to me when its all boiled down. Rather than pay tx's fees to miners using btc and an exchange fee. You use blocknet shares and the fee is split up among the holders of the shares.