Could someone from Xtrabytes please answer the following questions:
- What does Xtrabytes expect people to do after seeing these ads? Xtrabytes is on two small exchanges, one of which is a DEx. Is Xtrabytes expecting the normal, every day non-crypto user who has never even bought from Coinbase to navigate through the Waves DEx or Crex24 to purchase XBY?
- What are these people supposed to do if they do manage to get the desired endpoint of purchasing XBY or XFuel? There’s barely any liquidity on either exchange period, much less for XBY and XFuel. Additionally, the remaining supply of XBY is extremely low.
- Xtrabytes has stated their main goal is corporate adoption, yet the team has also been very adamant about discussing token price, and has also stated that these ads should drive the price of XBY & XFuel up. Corporations don’t want the price to increase. That just means they’d have to spend more to purchase the token and use the Xtrabytes blockchain. As we’ve seen a few times in this space, projects typically offer steep discounts to corporations anyway. So, I don’t see how these ads will be a net positive in that regard.
- To further the second and third points, corporations would needs *millions* of tokens that are always readily available to purchase and with no possibility of those tokens running out. How will the corporations obtain these tokens? How will they obtain tokens in the future if and when the supply runs out? Why would they move to a blockchain that they will only be able to use for an indeterminate amount of time? Corporate decision-making doesn’t work in favor of Xtrabytes strategy here. The long-term benefit to the company just isn’t there.
- What we’ve seen so far in this space is corporations using their own permissioned databases. Obviously, these systems are not trustless, and many do not run on cryptocurrency as a result, but companies only care about the bottom line. So whatever they can do to save money, they will. The choice is a fixed cost (permissioned) versus a variable cost over time (trustless; Xtrabytes). There are also huge tech companies such as Oracle and IBM dominating the corporate blockchain space. How does Xtrabytes plan to compete with corporations with the size, reach, and every other possible advantage that companies like Oracle and IBM possess over Xtrabytes?
Thanks
Cameron, I want to first of all thank you for your very good set of questions. I hope this means we can start moving towards some productive exchanges of information in the future. However, this is just an acknowledgement at this point as its been a long day and we want to take sufficient time to give you the answers you deserve. We will get back to you asap.
Thank you,
Dave
