Some good points, we've debated a few times before actually but I'll repeat here a little: though many are open access, during my active days writing on Steem I found the vast majority of papers I needed to access were behind a wall of subscription fees and other high-priced gateways. It was often a struggle.
There may be plenty out there open access, particularly in some fields such as your own, but this doesn't remove the fact that there are plenty that are not.
I totally agree with the latter part of the comment though, this initiative needs to be much more open to what it is and who's behind it all, but I guess this shouldn't be something that takes more than a few hours to sort out, if thefairjournal agrees with the sentiment
RE: A new way to publish research findings. The Fair Journal pay scientists what is fair, and publish cartoon versions of the articles for kids