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XFUEL - General Discussion

Discussion in 'X-FUEL' started by XTRABYTES, Nov 15, 2017.

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  1. XTRABYTES

    XTRABYTES Well-Known Member

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  2. shitcoinballer

    shitcoinballer New Member

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    Still not exactly sure what xfuel does except help pay the developers which I'm not opposed to doing.
     
  3. cryptovu

    cryptovu New Member

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    hi can i ask what is xfuel..im not developer what benefit if i owned xfuel..Thanks you
     
  4. Sledhead

    Sledhead Member

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  5. Sledhead

    Sledhead Member

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    Also check the FAQ page under the main menu option...
     
  6. Jack Seven

    Jack Seven Member

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    Where will XFUEL be traded?
    Is xfuel going to have a similar concept as to how gas works with neo?
     
  7. cryptovu

    cryptovu New Member

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  8. dikiy

    dikiy Member

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    What is the exact definition for XFUEL?
     
  9. dikiy

    dikiy Member

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    Xfuel will only be used for the DICOM API platform?
     
  10. Yankee Ruin X

    Yankee Ruin X Well-Known Member Staff Member

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    XFUEL was created to solve a problem, how to fund the development of XTRABYTES? See, XTRABYTES isn’t some corporate backed project with a $100 million budget for marketing and it doesn’t have a fancy ICO to raise funds. If it did, it would have $80 million set aside for marketing and development.

    All XBY coins are in circulation so there isn’t some secret supply stashed away anywhere that the Development Team can sell off to raise capital. So something had to be done to solve this dilemma and that’s where XFUEL comes into play. However, XFUEL does much more than simply provide development funds as you will see below.

    Before XFUEL, the STATIC node setup had LEVEL 1 (500,000 XBY) and LEVEL 2 (250,000 XBY) nodes as follows:

    [​IMG]

    That would mean the XTRABYTES platform would run on 1,536 STATIC nodes and there would be 138 Million XBY left in circulation. This would not allow for affordable LEVEL 3 (125,000 XBY) nodes to be registered, as that would require a supply of 768,000,000 XBY, far more than the permanently fixed supply of 650,000,000 XBY available.

    This is where XFUEL steps in, by fulfilling the STATIC network and making it even more decentralized. While node holders can still register their STATIC entirely with XBY, they can now use both XBY and XFUEL to accomplish the same goal.

    By including XFUEL, one can register a STATIC node with a ratio of 67% XBY / 33% XFUEL. This is what the STATIC node network looks like now with the addition of XFUEL:

    [​IMG]

    As all nodes are registered, around 133 Million XBY will remain in circulation to be used as a payment system for modules on the network. This system more than doubles the stability of the platform by adding 2,048 extra STATIC nodes.

    XFUEL/XBY will be the first trading pair on the new XTRABYTES Decentralized Exchange (DEX) platform called the X-CHANGE. This is a double win because:

    1. It allows people to buy XFUEL.

    2. XFUEL/XBY showcases the X-CHANGE so people can witness proof of tech. This will allow the X-CHANGE to expand and add more pairings like you would expect from a traditional exchange but with full decentralization.

    XFUEL is a brilliant solution to a complex problem. XFUEL provides a funding method for development and more than doubles platform stability. XFUEL also plays a roll in registering a STATIC node and node holders will earn XFUEL fees by securing the X-CHANGE. Since XFUEL doesn’t dilute the value of XBY value, as active XBY circulation decreases, it is literally a win for everyone who holds both XBY and XFUEL.
     
    SuperAdmin likes this.
  11. onlinegeek

    onlinegeek Member

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    How many total XFUEL are there and who have control of them? Devs?
     
  12. Dirty_Punk

    Dirty_Punk Member

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    Oh, finally I understand this XFuel. For now it will be usefull for having a cheaper static Node and to fund devs, so a win for all!!
     
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  13. cryptokingbyte

    cryptokingbyte Member

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  14. ThatHustlenCheat

    ThatHustlenCheat New Member

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    I read somewhere that current node holders will be able to swap some of the xby from their nodes for xfuel. Any clarification on this?
     
  15. Tristan

    Tristan Member

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    Really awesome stuff.
     
  16. kakasusu

    kakasusu New Member

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    still need more details about Xfuel and XBY
     

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