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Question: The result of our STATIC nodes poll was 500,000 coins on deposit for Level 1 STATIC nodes.
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Author Topic: [NEW XBY ANN] XTRABYTES - BECAUSE THE BLOCKCHAIN CAN BE BETTER  (Read 370256 times)
everythingisgreat
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October 31, 2017, 11:51:36 AM
 #5221

I wanted to repost Yankeeruinx's post about supply because I don't think it got as much attention as it should have because the the craziness of the past few days. It makes a strong argument for why we should see a price rise above what you would expect with a high supply coin.

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:
              STATICS       XBY Supply
LEVEL 1   512              256,000,000
LEVEL 2   1024            256,000,000
Total       1536            512,000,000

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:

                STATICS      XBY Supply      XFUEL SUPPLY
LEVEL 1    512             168,960,000    87,040,000
LEVEL 2    1024           174,080,000    81,920,000
LEVEL 3    2048           174,080,000    81,920,000
Total         3584           516,120,000   250,880,000

As all nodes are registered, around 134 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.


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October 31, 2017, 01:08:40 PM
 #5222

NovaExchange is about to close, take care of your coins guys!
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October 31, 2017, 03:14:46 PM
 #5223

Can I get a slack invite? Account got disabled haven't been on in awhile.
everythingisgreat
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October 31, 2017, 05:08:26 PM
 #5224

Can I get a slack invite? Account got disabled haven't been on in awhile.
https://xtrabytes-xby.herokuapp.com/  You should be able to follow that link and setup an account.  Once your in slack a member will help you get into the channels you need to get into.

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October 31, 2017, 10:44:34 PM
 #5225

NovaExchange is about to close, take care of your coins guys!

Thankfully not until April, plenty of time to move your coins. But I think deposits stop next month, so there's potential for cheaper coins if you want to risk it.
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October 31, 2017, 11:29:50 PM
Last edit: October 31, 2017, 11:50:00 PM by Nick J.
 #5226

Am i the only one having problems with Slack?
Its offline on two devises!
PeoplePower
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October 31, 2017, 11:32:24 PM
 #5227

Im i the only one having problems with Slack?
Its offline on two devises!

Slack seems to be down. DDOS, maybe?
Nick J.
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October 31, 2017, 11:51:10 PM
 #5228

Im i the only one having problems with Slack?
Its offline on two devises!

Slack seems to be down. DDOS, maybe?

Okay thx.
Nice knowing its not a problem at my end.
everythingisgreat
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November 01, 2017, 01:46:10 AM
 #5229

Im i the only one having problems with Slack?
Its offline on two devises!

Slack seems to be down. DDOS, maybe?

Okay thx.
Nice knowing its not a problem at my end.

Should be back up now for everyone.  Just logged in on my phone and computer to make sure it was working.

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November 01, 2017, 02:47:17 AM
 #5230

Can I get a slack invite? Account got disabled haven't been on in awhile.

Did you ever get access to the Slack?  They were having issues earlier today.  Everything is good now.

You can follow this link in the future for Slack System Status:  https://status.slack.com/

This was their tweet about it a few hours ago: https://twitter.com/SlackHQ/status/925503979743715328

I'll one shot you with the Wingman from the top of Skulltown - Apex
TheICE007
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November 01, 2017, 06:42:52 AM
 #5231

Gj killing the XBY Slack, Trading channel now is restricted, CCR is killing XBY one step at a time.

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November 01, 2017, 06:55:20 AM
 #5232

ccr kill from start project #trollpatrol HAHA

this his post in announcement slack: "I will start posting updates via my new personal Twitter account @CCRevolutionXBY Ramp it up.... Ramp it upppp!! Looking for followers and people to follow. Let's get rockin' the Twitterverse!"

who serious project write like that? RAMP IT UP RAMP IT UP Shocked Cheesy

FEW QUESTION ask in slack but they ban:

what do ccr actually do?
has any success xfuel trade for another coin?
why did yankee lie he get 400 sat for xfuel, fake pump? how many fake things has xby or people involve say? no trust, but developer want trust?
have any dev show actual interest in help?
test net fake? nothing happen on it all happen is send fake token
how xfuel proof of technilogy? it not, any one can make coin from bitmox code and make instant transaction, no network clog mean transaction no get back up.
was spend money on promotion paid article better than pay dev?
why ccr always say people be rich just believe speak like ponzi?
what stage develop xby at? no proof of posign, no proof anything, no code review.
why first node still not earn anything at all
why first node no vote on anything like suppose to
why first node owner pay more, now xfuel exist first node owner get scammed pay full xby price not xby and xfuel?
bigboss154
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November 01, 2017, 07:09:38 AM
 #5233

And the brand new account spammers are back, great.
bigboss154
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November 01, 2017, 07:11:54 AM
Last edit: November 01, 2017, 07:40:06 AM by bigboss154
 #5234

Gj killing the XBY Slack, Trading channel now is restricted, CCR is killing XBY one step at a time.

It was split into 2 so spammer troll accounts don't invade it, you can still be invited. public one is now #xtratrading2
SupremeGoose
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November 01, 2017, 07:53:05 AM
 #5235

The user above "dedby" was banned because of constant spamming.

His questions was answered many times, but he keeps coming back, and spam all chat channels.

Screenshots:

https://imgur.com/a/2lBHc

https://imgur.com/a/2lBHc

https://imgur.com/a/mP0TN



Yankeeruinx
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November 01, 2017, 07:59:29 AM
 #5236

Trading slack is still there just ask for an invite if you do not have access. Just means if someone gets banned then they lose access to it so don't get banned and everything will be fine.
krizniq
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November 01, 2017, 08:08:23 AM
 #5237

Gj killing the XBY Slack, Trading channel now is restricted, CCR is killing XBY one step at a time.
well, idiots like you are actually killing slack for normal people
so stop whining kid

Looking for investment tip? XBY OMG and ADX, thank me later Wink

If you love me -> BTC: 1JLwEteSwyV3uUXN9dVvSqBnt3nbTHeS6i | ETH 0xb3F6aCa84d2513A444FABcd4dbFb256a82FdE610 Thanks! Cheesy
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November 01, 2017, 08:21:37 AM
 #5238

Hello! I'm interested in your project. I'm new, so I have many questions. Can I ask them in this thread?
TheICE007
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November 01, 2017, 08:22:59 AM
 #5239

Gj killing the XBY Slack, Trading channel now is restricted, CCR is killing XBY one step at a time.
well, idiots like you are actually killing slack for normal people
so stop whining kid



Enjoy the dead coin and dead channels, and thanks for buying my bags

SupremeGoose
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November 01, 2017, 08:24:12 AM
 #5240

The XBY Team has decided that the Slack workspace will be managed in a professional manner as it is an extension of the XBY. The constant FUD and Trolling mentality will not be tolerated so steps have to be taken to ensure the Slack channel remains a place of productivity for the XBY community.

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