FAQs (Frequently
Asked Questions)
What is DXInOne
and the E-Currency Business?
What is the
best way to learn this business?
Why would businesses want to use E-Currency instead
of other payment systems?
How do I Start my E-Currency Business?
Can I Lose Money?
How Do I Best Manage My DXPortfolio?
How Do I Know What Digots To Purchase?
What Fees
are associated with trading within the DXInOne system?
What are the differences between a Spend and DXDirect payments?
How is DXDA calculated?
What is the OADXD Activation Fee, and what is it calculated on?
I just paid my OA
fees. Why didn't my OA fee balance go back to $0?
What should I do if I can't pay my OA fees from my Incoming Balance and have to stay on Standard OA?
How can I OutXchange
funds from my DX G2 Portfolio?
How Do I Repay DXDW?
How Do I Purchase Digots?
What is DXInOne
and the E-Currency Business?
This business, you are investing in digots, which are actually
shares of currency exchange companies from around the world. By
doing this, you are providing liquidity for e-currency exchanges
to take place in the online marketplace. Similar to a bank account,
your funds remain in your account even though they are being used.
Not only can you earn 1.5 - 4% a week on your funds, but the daily
compounding will allow your portfolio to grow substantially in a
very short period of time. It's actually possible to double your
initial investment in 30-50 days and will continue to see growth
each month thereafter. Exactly how much you can make depends on
how much you put into the system, time and money, and how good your
digot picks are for each session.
I would suggest only putting in a few hundred dollars of your own
money to start your portfolio, and let the system work for you,
generating you more money. It will take you a little longer to get
your portfolio up in value, but slow and stead wins the race! This
is a great business to get into now because e-currencies are just
starting to take off now.
What is the
best way to learn this business?
The
best way to learn any business is to read as much as you can about
it, until you're comfortable with it. This free website and forum
are great resources to learn all about DXInOne and the e-currency
exchange business but there is a lot to learn.
One e-book that has stood the test of time is titled Get
Rich Trading E-Currency and
has been a great resource
that provides information for creating all your accounts
to advanced strategies managing your portfolio. Even if you decide
to join our website and forum, her e-book is a great reference to
have for referring to again and again. There are also some
other great resources in the Other
Resources section of this website as well.
Whether
you use a free website and forum, ebook or full support course, you
have so many options available to make the best out of this
business. The rest is up to you.
Why would businesses want to use E-Currency instead
of other payment systems?
More and more businesses will use e-currencies for several reasons:
1. Security - To this day, many
people don't like giving their credit card information over the
internet. And with so many credit cards databases being compromised
lately, I can see why.
2. Price - E-currencies are cheaper
for the business than credit cards. As you should know, credit cards
charge businesses a certain percentage to accept payments with their
cards. E-currencies charge a much, much lower rate than standard
credit card companies.
3. Speed - e-currencies process
instantly, not like many credit cards. This is also why many people
used PayPal, and StormPay because payments are immediate. Many transactions
that involve credit cards, require you to wait until your information
is verifies. With e-currencies, you are already verified, so there
is no waiting.
4. No Charge Backs - Businesses
doesn't have to worry about a charge back disputes with an e-currency.
Once a transaction is complete with an e-currency, the transaction
is complete. Businesses don’t have to deal with customers
reversing the charges. Good companies still offer guarantees and
warrantees, but they don’t have to deal with all the games
bad customers use to try to beat the system
5. Truly Global Acceptance –
Many countries do not accept credit cards for payment. Many times
if you want to order something from a foreign country, you need
to wire funds. This is very expensive and requires you to setup
bank accounts to perform these transactions and it can be very time
consuming and problematic. If your funds don’t get there,
you need to do wire traces. These take up to 30 days. E-currencies
are immediate. Nothing gets lost and you get the product or service
you purchased without waiting.
6. Flexibility – There
are literally hundreds of e-currencies and they continue to grow
all the time. The more ways a company gives customers to pay for
their products or services, the more a business will generate in
income, therefore increasing profits.
There are many more benefits as well, but you should get a good
understanding of why e-currencies are such an attractive option
for businesses that conduct their offerings online.
How do I Start my E-Currency Business?
I explain this in complete detail in the Step
By Step section, but basically you open up a DXInOne account
first. Then you open an e-currency account. This allows you to conver
your money into ecurrency. Then you open an account at a Digital
Gold Currency Exchange Provider to perform the actual conversion
and deposit the e-currency into your e-currency account. Lastly,
you start buying digots, and watch your portfolio grow.
Can I Lose Money?
As with any investment, it would be possible to lose money. The
DXInOne company has been around for 5 years now and e-currency is
just starting to be universally accepted from online merchants around
the world. This is a great time to get into this business, because
the demand is high and it's only going to get bigger.
The way you build your portfolio, is to purchase digots (digital
currency). These digot go up or down during each trading session.
Each trading session is approximately 23 hours long. If you chose
digots that went up in value from the previous session, you made
money on those digots. If you chose digots that went down in value,
you lost money on those digots. The fact is, most digots increase
in value. As with any kind of investment, the stock market included,
is to diversify your portfolio. When you are diversified, the winners
will greatly outweigh the losers. You will make money in this system
and depending on how your digots perform, you can make some very
nice returns. You also see how you're doing every 24 hours, so you
know exactly what your portfolio is worth and how it performed the
previous session. You have total control over your accounts.
How Do I Best Manage My DXPortfolio?
Starting around July 9, 2005,
DXInOne has started implementing some new rules to help manage the
disproportionate TDVs from DXDUs from peoples DXPortfolios. Since some of
the rules have changed, you should read through our
How To Manage My
DXPortfolio page to see the strategies DXInOne suggests for managing
your portfolios. This is literally from their help section off their
website. To make it easier for folks, I just created a page for easier
reference.
How Do I Know What Digots To Purchase?
It depends on who you ask. Some people buy for different reasons.
For example, digots split just like stocks do if they get too high
in price. A digot will usually think about splitting in the mid
to high teens. Many people buy higher priced digots, so after splits,
they will have more digots in their portfolio. Others, like myself,
go in the opposite direction. I like to buy lower priced digots,
with low premiums, to keep keep my fees down, and I can purchase
a larger quantity of digots. Whatever works for you. I outline my
particular strategy in Section 4 of the
DXSynergy Info page. Again, whatever works for you.
What Fees
are associated with trading within the DXInOne system?
As with any stock like transaction, and digots are similar to stocks,
there are fees involved. There are two fees when purchasing digots;
a Buyers Fee and a Premium Fee. These fees together get added to
you accounts Credit Line. A Credit Line is kind of like a loan,
except you don't have to pay this back. However, the amount of money
in your Credit Line (CL) figures into how much DXG (DXGold) you'll
be able to invest in the next days session. I have never heard of
a good reason to pay this CL down, but you can if you like. Depending
on your account value, sometimes it's worth paying it down to get
more DXG Available for the next session and sometimes it just isn't
worth it.
What are the differences
between a Spend and DXDirect payments?
Both a Spend and DXDirect payments
originate from the senders Available Balance (AB) and got to the
Recipients Available Balance and both of these transactions have the
same transfer fees associated with them. The only difference is that
a Spend immediately goes into the AB of the recipient and no other
steps are necessary to complete the transaction. A DXDirect payment
must be "claimed" by the recipient and then "released" by the
sender. A DXDirect would be something you would use for purchasing
something from someone you didn't know, or trust. A Spend would be
used for sending funds to someone you trusted and wanted to just
send money from your account to theirs.
How is DXDA calculated?
DXDA is calculated on the following
formula:
DXDebit Available
= (%Qualified * TDV) – CL - DXDU
Monthly OA fee is based on the amount of DXdebit you've used and the size of your
TDV. Your Incoming Balance (IB) is the only balance where your fee is discounted.
DX encourages us to pay our OA fee from IB.
What is the OADXD Activation Fee, and what is it calculated
on?
If you pay from
your Incoming Balance (IB):
OA fee = TDV - DXDU x 2.75%
OADXD fee = DXDU x 3.75%
If you pay from a Standard Source (Avail Balance, RB, DXDA):
OA fee = 3.75% x TDV + 4% x DXDU
I just
paid my OA fees. Why didn't my OA fee balance go back to $0?
Your OA balance
does not go back to 0 because as your port grows, so do your gains.
DXInOne has this in place so your profits don’t go through the roof
. They keep a tight balance between your OA and TDV gains.
What should I do if I can't pay my OA fees from my Incoming Balance and have to stay on Standard OA?
1. Withdraw all Available DXDebit to your DXAccount Available Balance. Go to Personal -> DXPortfolios -> DXDebit -> Withdraw DXDebit and withdraw all of your DXDebit Available to your DXAccount Available Balance.
If you have more than one DXPortfolio, then repeat this step for each of them.
2. Make sure your OA fees are set to NOT come out of your Available Balance. Go to Personal -> DXPortfolio -> Activation Status. Click on the "Settings" link on your DXPortfolio.
Scroll down to where you see the OA Fee Payment Options 1 through 5. Set the first to "Available Reserve Balance" and all the rest to "Disabled" - this will ensure that your Available Balance will not be touched by your DXPortfolio.
If your OA fee cannot be paid then your DXPortfolio will go out of OA and will not gain DXDebit. It will NOT affect your outxchanges or your DXAccount Available Balance.
3. Wait for things to change. If you want to list those funds in outxchanges you can, but you don't have to. You could instead use them in adsXposed to make money in the meantime.
Do these steps look familiar? They are the same steps that you follow to "get out" of DXInOne. The only difference is that you are not looking to abandon DXInOne. However, in order to keep your DXPortfolio in good standing you do need to pay the OA fee from the Incoming Balance.
With that in mind, these steps will put your DXPortfolio on "hold" until you can either bring in new funds or outxchanges speed up (hopefully the latter).
How can I OutXchange funds from my DX G2 Portfolio?
1. Portfolio G2...DX Debit...Withdraw DX Debit
When you have multiple Ports/Accounts, you are presented with a screen where you can chose the FROM portfolio ,and TO account.
When you've done that the Portfolio you have chosen comes up.
2. From that portfolio , you can then chose with Digots you want to give up. Of course you must chose your worst performing
digots. You can "tag" any digots you want, up to the amount of PF you
have. Its a good way to get rid of your badly performing digots.
3. After you done that, you finalise the withdrawal , and the PF will
be moved to your account , and the digots you tagged will disappear.
4. Now you can OutX the PF from your Account to your External
eService.
How Do I Repay DXDW?
1. Personal - DXPortfolioG2 - DXDebit - Withdrawal Details
2. Select Port
3. Click DXID
4. Select 'Drop Withdrawal' option or Second option (you choose which digots to drop from withdrawal).
You can read the [DXSynergy - News - Article 115] for more information.
How Do I Purchase Digots?
1. Personal - DXPortfolioG2 - Buy Digots - Digot Screen
2. Select your DXPortfolio, click NEXT
3. Choose a Continent (Tip: to avoid currency fluctuations, choose a continent in the same base currency as your port. For example, North Amercica for USD port).
4. Select ALL DIGOT SYMBOLS at bottom of page. Click NEXT or Continue to go to Digot Screen.
5. Simply insert the quantity of a digot you wish to buy in the QTY column and then click the '0's in the adjacent Total Buy column. This will give you your costs for buying that quantity of a digot symbol.
6. After you've bought your digots, scroll to the bottom of page and click on PREVIEW to view your purchase. Go back and buy some more if you still have RB funds remaining and/or cut back on quantity if you've exceeded your RB budget.
7. If satisfied with PREVIEW, click on BUY NOW.
8. You can now go to Port Summary to view your digot holdings.
Tip: Digot Buy Strategy to maximize gains:
LOW PRICE (.20 or lower) LOW PREMIUM%(premium x price/100) HIGH ACTIVITY (click bottom arrow under ACTIVITY to isolate the top 5 to 10 digots with high activity. Filter through criteria and buy qualifiers).
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