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**Succeed2k** · April 16th, 2008, 07:24 AM

Support ID: CFR-SUPGPG-W424

As we'd had a number of people ask whether DXS could simply remove the DXCredit balance from their account and therefore reduce the fees, I asked them...:

Quote:

Hi, we've had a number of people ask whether they can have a portion of their DXCredit balance simply removed from their account in order to reduce the fees. ie. can people simply "give up" X amount of their DXCredit Balance? Doing so would, logically, remove extra finacial stress from the system, so it does make sense.

Can i please share your reply.

They replied with:

Quote:

Hello Sam,

The DXCredit is the result of the activity after all the reductions have been made and even after the OA fees have been deducted from the system credit. To reduce or remove the DXCredit the amount of OA fees shown in the statement records would need to be deducted from the DXGold balance.

The system is in a good position now with almost all the reductions completed and the negatives paid out for those users who output greater than their input, all the fees have been paid out from the system credit leaving the users with their input value in DXGold and the DXCredit all paid for up to now.
So it's up to the users if they want to pay the Service fee on what DXCredit there is or allow the Service fee that is charged to from the DXCredit amount to lower the figure over the months ahead.

A good way to see how a users account balances have been affected by the previous actions they can go to their statement records and check the 'DXDB-WDRW-INC' and the 'DXP-OA-INC and DXP-OA' amounts in the Transaction Type. The total OA fees is what would normally have been deducted from the DXGold balance that is now in the account.
Select 'All DXTransactions' for an overall date frame.

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

**CuriousGeorge** · April 16th, 2008, 11:05 AM

I take it that they said no?

**Succeed2k** · April 16th, 2008, 11:27 AM

so i guess i'm not the only one who read that and ended up wondering what the actual answer is.

RobbieMor · April 16th, 2008, 12:13 PM

Quote:

Originally Posted by Succeed2k

so i guess i'm not the only one who read that and ended up wondering what the actual answer is.

My take on it, part by part.

1. The DXCredit is the result of the activity after all the reductions have been made and even after the OA fees have been deducted from the system credit. To reduce or remove the DXCredit the amount of OA fees shown in the statement records would need to be deducted from the DXGold balance.

They want to leave our DXGold balance intact. If DXCredit is removed, then they have nowhere to take the OA fees from except our DXStandard. The would prefer not to have to do this.

2. The system is in a good position now with almost all the reductions completed and the negatives paid out for those users who output greater than their input, all the fees have been paid out from the system credit leaving the users with their input value in DXGold and the DXCredit all paid for up to now.

This is good to hear. They are telling us that the system is finally in balance.

3. So it's up to the users if they want to pay the Service fee on what DXCredit there is

So we can either pay our OA Fee from our DXStandard in the Incoming Balance, or with Federal Gold. That fee would be "on what DXCredit there is". This would not reduce the amount of DXCredit in our accounts but would allow us to have OutXchanges procesed faster. Note: Federal Gold has an additional advantage. See other post on this subject.

4. or allow the Service fee that is charged to from the DXCredit amount to lower the figure over the months ahead.

This would be a good option for those of us with large amounts of DXCredit. This option would reduce your DXCredit by 3% a month and your portfollio would not earn. It would NOT speed up your OutXchanges but you can still OutXchange.

All in all I like the options. Which option we select is our choice and we do NOT have to bring in new money if we don't want to.

**Succeed2k** · April 16th, 2008, 12:30 PM

I think DXS completely missed the point of the question i was asking.

Ok. say you have a DXCredit balance of $10,000. The fees of course are based on this value, are they not?

So if we asked DXS to simply say, drop $8,000 of that, it would mean we would be left with just $2,000. The fees of course would be a LOT less because there is a smaller balance to base it on.

Now say for example you dropped $9,500 of that DXCredit balance, you might find the fees small enough to warrant bring in funds via F.G.

**Garage Logician** · April 16th, 2008, 12:37 PM

Do something that makes sense?

RobbieMor · April 16th, 2008, 12:40 PM

Quote:

Originally Posted by Succeed2k

I think DXS completely missed the point of the question i was asking.

Ok. say you have a DXCredit balance of $10,000. The fees of course are based on this value, are they not?

Yes the fees are based on the total DXCredit balance (including rewards

So if we asked DXS to simply say, drop $8,000 of that, it would mean we would be left with just $2,000. The fees of course would be a LOT less because there is a smaller balance to base it on.

This is true but if you don't want to bring in fresh funds you would want this amount to be as high as possible. And do you really want to pay fees with DXStandard on money which you've brought into your Incoming Balance? I certainly don't.

Not say for example you dropped $9,500 of that DXCredit balance, you might find the fees small enough to warrant bring in funds via F.G.

It's really not a bad thing to pay OA fees with DXCredit. In the past we had to pay with fresh funds. I think people are looking at this in entirely the wrong way.

**Garage Logician** · April 16th, 2008, 12:44 PM

Paying fees is not a bad thing at all assuming we see value for money. Considering performance over the last approximately 3 years however puts a different light on it in my opinion.