Glossary of E-Currency and DXInOne Terms
See the list below for the most
commonly used terms and acronyms use in this business. For a
complete text based help directory and known Error Codes from
DXInOne, please click HERE
Activation Fee (Currency Exchange) -
This is a 'Currency Exchange' fee that is charged when the funding
DXAccount is different to the 'DXPortfolio Currency'.
Available Balance (Also known as
AB) - This Available Balance is 'Available'
to be used for instant and scheduled payments to other DXAccount
holders or DXBusinesses.It may also be used to make purchases with
online merchants or to transfer to other DXAccounts or OutXchange.
Console - This is the base of operation
for the DXMerchant. This application will run in your web browser.
It looks similar to where you would process your OutXchange request
if you are not a merchant. This is where you would earn a more short
term income. It will list transaction types such as outxchange requests,
claims, and history of transactions. With the console you also have
a ‘float’ balance that allows you to process Auto InXchanges.
Credit Line (Also known as
CL)
- Your DXPortfolio Credit Line is where the Premiums and Broker
Fees of Digot Buys and Sells are charged to.
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Digot - A Digot is a unit in the
form of digital value that is determined by the activity and fluctuation
of a country or city. Digot are assigned in the form of a Symbol.
DigotScreen - The DigotScreen gives
detailed information about each individual 'Destination Symbol Unit'.
The table also displays a Symbols basic details of it's 'Symbol',
'Activity', 'Price', 'Premium' and 'Increase' over a 24hr/30 Day
period.
DXDebit - The term used to describe
the value that can be withdrawn from the DXPortfolios TDV (Total
Digot Value). It’s similar to having a line of credit, but
unlike that credit line, DX-Debit does not have to be repaid.
DXDebit Allocated - The full amount
of DXDebit that the DXPortfolio is qualified to draw upon. This
amount is calculated on your last session's Total Digot Value at
the beginning of the session minus any currently listed Digot Sells
and your current Credit Line.
DXDebit Available (Also known as
DXDA) - The amount of funds remaining
available, after deducting the DXDebit Used amount from the DXDebit
Allocated amount.
DX-Debit Qualification - Once a portfolio
has gone through a certain number of sessions, then that DXPortfolio
will DXDebit qualified at usually 80%. That means that you can now
begin to borrow against that portfolio. Your DXDebit qualification
increases each session until you reach 100% Qualification.
DXG - This is the currency of the
DX System. It is transferable from user to user. It can be used
for all of the services provided in the DX System. All representations
are in values of USD or any other type of currency.
DXDebit Used (Also known as
DXDU)
- The amount of funds withdrawn from the DXPortfolio. DXDebit can
be withdrawn and repaid back to the DXPortfolio similar to using
a credit card.
DXGold - The name given to the overall
value stored in the DXSystem. All digital representations of value
be it in USD or another currency are all deemed to be stored in
DXGold.
DXMerchant - This is the Console
side of the Business that allows you to earn generous bonuses from
the processing of Xchanges for the DXSystem. DXMerchants receive
two types of bonuses when receiving or processing an Xchange. The
first of these is the Instant Claim Bonus (ICB), which is credited
to a holding balance until it is collected. The second is a Standard
Claim Bonus (CB), which can only be claimed by creating and completing
a ClaimXchange.
DXProfile
- Refers to the DXUsers
personal profile. This is the holder if all relevant contact, billing
and shipping information as well as default settings and preferences
set or entered by the DXUser.
E-Currency - Funds that are stored
digital and used for various transactions online. This is also how
funds are outxchanged and inxchanged within the DX System. Some
of the main e-currency companies online are Netpay, E-Gold, E-Bullion,
Intgold.
E-Gold - An electronic currency,
issued by e-gold Ltd., a Nevis corporation, 100% backed at all times
by gold bullion in allocated storage.
EOS - End of Session. The ending
period of a DX Gold session. Each DXInOne trading session lasts
approx 23.5 hours.
E-Services - External Companies,
they are designed to be able to bring money in or out of the DXSystem
in the form of InXchanges and OutXchanges.
Fees - Various charges that go along
with the DX System. The most predominant fees are OA and OutXchange
fees.
Incoming Balance (Also known as
IB)-
of a DXAccount is the holding place for all funds that are denoted
as 'Unsecure'. The funds in this balance can only be used in DXPortfolios.
They cannot be transferred to another user or any other area.
InXchange (Also known as
InX)- This is the amount you wish to InXchange from your
external bank account to your DXAccount.
Merchant - ( Also known as
DXMerchant)
(see above) is the user in the DX System that not only has capabilities
of building a portfolio, but also processes InXchanges and OutXchanges.
For their work, DX Gold rewards them with a bonus for processing
InXchanges and OutXchanges, also known as InX’s and Outx’s.
Ortomatic Activation (Also known
as OA) - The process where by the
DX System automatically withdraws your monthly fee from either your
Available Balance (AB) or Incoming Balance (IB). You qualify for
a Discounted fee rate if you pay from your IB. All other balances
used for paying OA fees are paid at the Standard Rate. See you DXInOne
Activation Status screen for current fee percentages. In order to
use DX Debit, you must be in Ortomatic Activation
OutXchange (Also known as
OutX)
- The tem used for taking money out of the E-Currency Exchange account.
Premium - of a Destination Symbol
(Digot Symbol) is a charge, which is applied to your Credit Line.
The Premium value goes towards increasing the 'Buy Price' of the
Digot Symbol each session.
Processing Fee - This is a compulsory
'Flat Rate' fee that is charged to every transfer made from one
account to another.
Reserve Balance (Also known as
RB)
- Can be classed as your 'Working Capital'. When you buy Digots
from the DigotScreen or the Trading House the Buy Price amount is
charged to the Reserve Balance. You can also opt to have your OrtoMatic
Activation (OA) fees charged to your Reserve Balance, this setting
can be changed from your DXPortfolio Settings.
System Activation - The status that
your account is placed in when you miss your OA fee. (A hold on
activation). You do not receive any interest (dividends) in system
activation and if your OA fee is not paid in a few sessions; you
lose your qualification. (If you are 100% qualified at the time
you stop paying your OA fee you will become 0% qualified in system
activation. Don't miss your OA fees because it will take forever
to get it back to the state it was in prior to losing your qualification.
Total Digot Value (Also known as
TDV) - The total value of all the
Digots held in your DXPortfolio. Also known as your Total Digot
Value.
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