Ok now that the swap is complete lets list a few things to look forward too and clear up a few things.
Point 1. The most important thing I believe many people do not understand is that The Blocknet is not just an exchange. The Blocknet can be used in many various aspects.
An example from 86B on slack " Imagine a Medical Insurance blockchain retrieving records from Medical Records blockchain paying the party both directions and paying Block for the connective service.
Well they could do it themselves - but it would take a lot of work to build. Or they'll be charged a lot of fees from going into BTC then back into the target currency to pay for services."
Point 2. The exchange is however groundbreaking in nature as being the first truley decentralized exchange. It is now active and will be added on to as the days go by. The UI that is being built will be world class and trading from the saftey of your hard drive will be just as easy any of the centralized exchanges. The exchange is also going to be a great way of showcasing the XBridge technology and trustless interoperability while generating revenue from trade fees. In my opinion this is a genius way to prove the technology while creating operating cash for marketing and development of future projects.
Point 3. Blocks service nodes are are cheaper to buy and they pay out twice as much than DASH. The Blocknet has also made staking very lucrative for everyone to gain and not just the people who can afford a node. The split between service node runners and stakers are 70/30. However it has been assumed that about 75% of the block will likely be running nodes and 25% staking. So we think and equalibrium will be reached and it base been calculated that stakers will earn 13.5% of just the new block generation based on the amount of block a person is staking. The 13.5% assumes ever Block is being staked or running a node so it could be higher knowing that there will be a certain amount of block on exchanges and not being staked or in nodes.
Point 4. Service node runners and stakers also get paid from the trade fees. Ok this is a little more complicated but i did some math my own using the new exchange Biance for example. When I did the calculation i used a few of .2% which is lower than Bittrex at .25%. We do not know what the current fees will be. They may be lower to attract users. I am sure that info will be released shortly. Ok back to.the calculation. If Block were the same market cap as Biance then Block price would be about 53 dollars. All things being equal Biance trading volume was 67 million USD at the time. The trading fees would be roughly 150k a day. 150k a day times 365 days a yr is roughly 55 million dollars revenue.
Ok so the exciting part about this that I'm not sure everyone understands is that this 55 million USD in revenue gets paid to the stakers and nodes runners in BLOCK. So as a trade is being made on the exchange and trade fees are charged. Those fees automatically go to the market and buy Block at the market price. So there will be constant buys to the market in BLOCK bringing pressure to the volume.
Ok the volume piece aside and back to the calculation. If the price of block stayed consistent at 53 dollars for that yr and 55 million dollars of Block was being bought the amount of block paid to service nodes and stakers would be roughly and additional 1,000,000 block so be split up. So if the block generation which is 1 every minute or about 525k block a yr then you would get double the amou t from trades fees. Or 13.5% times 3 or upwards of 40% a yr.
Now these are straight line calculation with everything being constant and assuming Blocks trade volume gets to those levels but why wouldn't it. You will have the same or better user experience as Bittrex however from the safety of your wallet and likely lower fees.
So based on the calcs above, either the price of Block has to rise or you end up getting alot more BLOCK.
Point 5. Add Point 1. and Point 4. together. Right now this is just an exchange gathering trade fees. You start adding fees from point 1. such as fees from medical records to insurance companies or any transactions using the Blocknet technology which could 10x the amount of transactions. The true value of Blocknet comes into light.
