I am not very clear on the proposed revenue mechanisms for Notes holders, and am wondering if they can please be described more precisely by cob & co, or is this waiting to be finalised at launch?
Is it correct that NoteUSD transactions (for artist coin, music or other product sales) generates fees that are then used to buy and burn Notes? If so, what is the proposed transaction fee level? Is this the sole source of revenue for Notes holders, or are there others proposed (e.g. NoteUSD creation/destruction, gateway fees, music sale royalties, artist coin issuance fees etc).
As a related question, assuming customers won't be holding a large store of NoteUSD at any time (unlike a bank account), and yield is not a required feature, what are some more useful options? Can it be used to create a black swan reserve, will NoteUSD shorts compete on collateral instead to lower system risk, or can it be distributed to Notes holders?