BlockCredits (BKC) are the transactional tokens used on B&C Exchange to pay for trades. It is expected they will be sold for 1.00 USD per BKC by elected custodians.
So if I want to trade on the exchange, I first need to buy BKC which I then can consume in my trades, correct?
Now the other side: Someone applies for a custodianship on the exchange. BKS shareholder approve the proposal and grant the custodian 1000 BKC. The custodian now sells those BKC (in a centralized way?) externally to the exchange and passes the revenues back to the shareholders in form of BTC. Correct?
Is there an incentive to act as a signer? Will they get compensated (through a part of the tx fee in BKC) for their availability and reputation?
I can also continue posting on BCT if you think that it is better there. (Cross-posted there).