First XFUEL Payments to Developers and Contributors
Recently, it became necessary to make some changes at the managerial level to propel the XTRABYTES platform forward, while maintaining the original and long term vision of the founders. Our goal is to ensure that the community vision is adhered to so we can offer the XTRABYTES community an all inclusive, revolutionary cryptocurrency platform. With the introduction of XFUEL, a new era has begun in the on going evolution of XTRABYTES.
With much appreciation, we will release XFUEL payments to hard working individuals who have contributed to XTRABYTES (past and present). This is just the beginning and there will be many more payments in the near future. We are excited to get these first payments distributed so people can start trading XFUEL P2P if they wish.
https://community.xtrabytes.global/threads/trade-xfuel-p2p-and-with-escrow.116/Additionally, we are proud to announce even further use cases for XFUEL, specifically, voting power.
Should I Hold or Sell XFUEL?There are a few things to consider when determining whether it is better to hold or sell XFUEL:
1. XFUEL can be used to fill STATIC nodes (this has already been publicly announced)
2. XFUEL will be used for community voting purposes (this benefits long term holders)
XFUEL and Voting.In time, those who have worked the most will have collected the most XFUEL and therefore, have more
voting power. Realize however, that there is a point of diminishing returns that will be defined soon. This is to prevent one individual from completely monopolizing the voting system.
Community members will need XFUEL and STATIC nodes for voting purposes. STATIC nodes are limited to a voting power of 5, but there are currently no such defined limits (they will come after discussions to find a democratic balance) for XFUEL because it is a DEVELOPMENT token, not an investment unit. If someone has accumulated a significant amount of XFUEL, they have either contributed to the project or bought from someone who contributed to it. Either way, people who hold XFUEL have directly or indirectly assisted in the evolution of XTRABYTES.
There will come a time when Borz and I will take a step back, but XTRABYTES will continue, and the community will vote on major decisions without us. Those who have more XFUEL and STATICs will have more voting power when deciding on the future of XTRABYTES.
Where are Borz and I going you might ask?It's not really about where we are going, we will always be here, it's about decentralizing the activity and workloads of this demanding project. I have been actively promoting XTRABYTES at the community level since day 1. As others are filling long term positions in both development and promotional roles, high standing members in the community will continue to guide XTRABYTES forward.
This community team will actively expand and the project will take on an even more decentralized existence. We do not want XTRABYTES to rely on 1 or 2 or even 10 people. We want thousands of team members who all have one goal, improve and expand on this platform.
However, until Borzalom's vision is completely implemented, the main decisions will remain centralized so we keep making progress during this developmental period. As we move into the transitional phase, the work will become more decentralized as the community takes over the responsibilities. Since these team members are being paid XFUEL for their hard work, they have the financial compensation to commit to this project.
We will soon have a list of open jobs that community members can apply for and offer their assistance to the project.
XFUEL has a true, real world, blood, sweat, and tears value. As of today, we are VERY HAPPY to pay out close to 31 million XFUEL for our first 9 months of work.
If we give XFUEL the ASSUMED value of 1 to 1 with XBY, this converts to about $550,000 USD.
Congratulations everyone and thank you for all you have done!
Dave, Zoltan and The XTRABYTES Crew
Good teamwork , keep it up and going.
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