* KYC for STATIC nodes. This is of course an attack surface and causes the project to be even more centralized. And isn't it ironic that we all must respect the founders' right to anonymity, while they themselves impose KYC on others.
* A flat 10% fee for setting up a STATIC node. The company in other words hang on like a leech to the blockchain, siphoning funds.
* Various fees for building dapps, on trademark usage, and on patents and patent technologies. What developer teams would like to pay all this? None. They will build on other platforms like ETH.
* TRUST scores for STATIC nodes. This will be gameable. The more parameters included to calculate a trust score, the higher the probability of someone gaming the system which again makes the chain more centralized.
* Issuance of XIP tokens means even more money to founders/team members. Issuing XFUEL from thin air was not enough, the greed doesnt stop. Investors, look out for a fourth token for even more value dilution.
Even with the best mobile wallet in the world, the project can't run away from these bad fundamentals.
This is all not final as I understand. As you can see there are notices under sensitive plans
Example https://blog.xtrabytes.global/xtrabytes/xby-technology/statics-and-more/
Quote
What is the estimated rewards percentage?
The founders have designed a system that provides exceptional flexibility and maximum payouts to the STATIC owners. As such, it utilizes a rewards system that initially pays 100% of all fees to the STATIC network.
Internally, the XTRABYTES corporations will earn money through licensing fees. By doing so, we will not have to adjust payout percentages for STATIC owners.
Every Dapp, protected element, and the tech itself will have licensing fees attached to it. For example:
Use of patents or patent pending technologies will require a base fee of 10-25% of the fees received by your STATIC node.
Each Dapp you host will result in a fee of 5-15% of the fees generated by the Dapp.
Trademark usage will be covered by a 2-7% fee charged against all fees received by your STATIC node.
Corporate and legal expenses will be covered by an additional 1-3% fee based on all activity and fees generated by your STATIC node.
Please note that the statements above are subject to change as they’re simply examples. While we believe they’re realistic, they will not be finalized until further review.
The founders have designed a system that provides exceptional flexibility and maximum payouts to the STATIC owners. As such, it utilizes a rewards system that initially pays 100% of all fees to the STATIC network.
Internally, the XTRABYTES corporations will earn money through licensing fees. By doing so, we will not have to adjust payout percentages for STATIC owners.
Every Dapp, protected element, and the tech itself will have licensing fees attached to it. For example:
Use of patents or patent pending technologies will require a base fee of 10-25% of the fees received by your STATIC node.
Each Dapp you host will result in a fee of 5-15% of the fees generated by the Dapp.
Trademark usage will be covered by a 2-7% fee charged against all fees received by your STATIC node.
Corporate and legal expenses will be covered by an additional 1-3% fee based on all activity and fees generated by your STATIC node.
Please note that the statements above are subject to change as they’re simply examples. While we believe they’re realistic, they will not be finalized until further review.
As you can see "Please note that the statements above are subject to change as they’re simply examples. While we believe they’re realistic, they will not be finalized until further review.", that means they want to hear a community feedback, and make an ajustments based on community opinion and node holders.
Same here https://blog.xtrabytes.global/xtrabytes/xby-community/governance-model-introduction/
Quote
Proposed Governance Model:
Do I have to explain you what "Proposed" word means?
KYC for example is something I personally don't like as well. But I can live with that.
Good post sir!
Sabih is an obvious aggressive fudster and manipulator, and he's pretending to be stupid when he wants, and usually spreading misinformation and nothing else, and repeting the same trash over and over again. Don't waste your time.
