Verrry interesting..............
Hello Linda,
The currency type changes are one of the first areas to finalize and that is expected in the next one week which will then set up the way for the accounts and portfolios to begin operating with more direction for the account holders on how to use them.
Those that renewed their DXGlobal Company will have the activity once the Service fee and the main trading platform is operating and those that didn't renew will have the option to apply for another entity that should have been available earlier instead of the DXGC.
There will be a limit on the number of DXMerchants as according to region and account holder numbers.
The role of the DXMerchant will be more set towards moving the activity for the trading platform, which will then allow the user's funds to be available for the exchanges.
The amount of DXCredit that users have built up will be subject to the Service fee and if there is an amount that either the user doesn't want to pay the fee or the DXCredit level may be too high then the monthly fee and the EOS will reduce this level down to an affordable amount.
Because it's an economy the funds will begin to flow for those that become active and although the size of the movements if it's to OutXchange will build and as funds move into the system mainly through Federal Gold then the economy will operate.
Up to now we have used other e-currencies to operate with and this has been quite restrictive and costly and there was never the intention of continuing to fully operate with other e-currencies so now that Federal Gold is operating it has been licensed to hold all funds for the DXSystem that come through Federal Gold accounts. This will then stop the boom and bust cycle that the system goes through.
There has been extensive work done on providing direction for a user in how to build and be able to afford to operate a portfolio so that it becomes a passive income stream that will be used on the product trading platform.
The auction and the trade exchange services have been upgraded with an advanced search system that will be compatible across all the services with shopping, auction and global trading so there will be a quick response when looking for items.
These services are ready for release after the currency conversion and some upgrading to DXConnect that will provide the views and access to the various services. Basically DXConnect will be a central service that provides updates from the other different services such as auction bids, account views and other fuctions without needing to leave the central service.
You may share this information.
We hope we have been of assistance, if you have any further questions or queries please don't hesitate to reply.
With Regards,
The DXSupport Team
I wonder what the "new entity" is???????????????
So I think our funds are still stuck there without a DXGC, but it seems there's hope for something. I'm sure it involves an influx of new funds, though. Oh, what to do what to do?
Reply from DXS...
