What is XFUEL? X-FUEL Simplified Explanation

Discussion in 'X-FUEL' started by XTRABYTES, Nov 4, 2017.

  1. XTRABYTES

    XTRABYTES Well-Known Member

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    XFUEL is an internal development token for the XTRABYTES platform:

    Primary Use - Paying Developers and Helpers

    How can it be used - Optional 33% space inside STATIC deposits

    Why would I buy it - For STATIC nodes. The XBY/XFUEL deposit capacity for the XTRABYTES STATIC network is more than 650 million XBY. Otherwise, you can buy and sell like any other coin on X-CHANGE at free market prices.

    Where do I buy it - On the DEX P2P module X-CHANGE which will be available later, on the XTRABYTES platform.

    Can I get some now - All workers, helpers and developers will be paid XFUEL. Maybe they will be willing to trade directly until the X-CHANGE is ready, inside the XFUEL Trading Room on Slack #xfueltrading. There is no other way to get XFUEL.

    If I am paid XFUEL and I want a STATIC, can I use XFUEL - Yes, you can make a deposit wallet that has approx. 67% XBY and 33% XFUEL. (amounts below)

    What if I don't have enough XFUEL for a STATIC - buy or work for more.

    What if there are no XFUEL available and I want a STATIC today - Buy more XBY as you can still fill a STATIC with ONLY XBY.

    Can I make a STATIC with ONLY XFUEL - No

    Can I make a STATIC with only 20% XFUEL - No, it must be the fixed amount, as seen below.

    How much will XFUEL cost - XFUEL is traded on free market pricing based on supply and demand.

    XFUEL Wallet Download: https://github.com/XtraBYtes/xfuel/raw/master/xfuel.exe


    Required deposits of STATIC nodes:
    Level 1 is: 500,000 XBY or 330,000 XBY + 170,000 XFUEL
    Level 2 is: 250,000 XBY or 170,000 XBY + 80,000 XFUEL
    Level 3 is: 125,000 XBY or 85,000 XBY + 40,000 XFUEL
     
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  2. chrisdeslatte

    chrisdeslatte Member

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    Nice write up about xfuel. Paying dev in xfuel is going to propell this coin and help involve the whole community in it's growth.
     
  3. Niklasmato

    Niklasmato Member

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    So if I understand correctly.. XFUEL will be priced apprrox. the same as XBY ?
     
  4. Arty

    Arty Member

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    Ok do I understand this correctly: If I want to get a level 1 node and use xfuel for it I need to have 170k xfuel? No other share is allowed? Besides the full xby option.
     
    Last edited: Nov 20, 2017
  5. Yankee Ruin X

    Yankee Ruin X Well-Known Member

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    I believe that is correct, you can't say put in 10k XFUEL and 490k XBY. Its either full XBY or XBY/XFUEL by the designated amounts.
     
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  6. Michael Tipton

    Michael Tipton Member

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    So do you lose these tokens for the node or are they just locked up and unuseable while you are the static node.
     
  7. BenTiko

    BenTiko Member

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    you dont lose any coins or tokens and nothing is really locked. You can break your static node anytime :)
     
  8. SoyCD

    SoyCD Member

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    Still don't fully understand the relationship between XYB/Xfuel as well as how XFUEL is created and under what system it is paid out. I think the system could have merit, especially if it avoids ICOs - but how much XFUEL is there, who determines how much is paid out, etc. etc.
     
  9. inthearena

    inthearena Member

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    Agreed - I've read the White Paper, FAQs and various forum posts and I'm still not clear on this. It's a key point and I'm looking forward to understanding it better.
     
  10. Muhammad Haris

    Muhammad Haris Member

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    xfuel is there to pay developers and contributes. The price is meant be same as xby, but it changes w.r.t to demand.
    xfuel can be exchanged on xchange (an internal platform built over xby, think of it as a very own exchange of xby). For now you can trade this on this community on your own risk.
    I also don't know what is the max supply of xfuel and how they are generated.
     
  11. Kambi

    Kambi Member

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    So there is not fixed price or percentage of XFuel? How much does it cost in relationship with XBY or something like that?
     
  12. Rejinderi

    Rejinderi Member

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    for static nodes i believe we can share the cost? it is too high for most of us who just bought recently.
     

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