News Article Details
Article ID: 172
Article Date: Thursday July 05th 2007 12:35:00 AM (UTC +11:00)
Article Publication: Public
Article Title: DXG Credit Introduction
News Article Content
The feature to OutXchange DXG Credit has now been introduced to the DXAccounts.
To help release the feature those DXUsers who have sufficient and eligible DXG Credit value in their DXAccount are now able to list a $25 DXG/USD DXG Credit OutXchange and get ready to be part of the introduction of the DXG Credit service.
In the next 24 hours a DXG Credit OutXchange will be automatically listed out to the most recently completed E-Service for those DXUsers who have eligible DXG Credit in their DXAccounts. There will also be the release of the option for a DXUser to list DXG Credit OutXchanges directly from their DXPortfolio. The OutXchange request can remain in queue for processing while still earning. For DXG Credit to be eligible to OutXchange there must be an equal or greater amount of DXG Standard held by the DXUser overall in the DXAccounts and DXPortfolios.
DXG Credit is a credit gained from activity in the DXSystem and can be used like a credit card. The value of the DXG Credit is held against the DXG Standard until the repayment and if payment is not met the value is automatically deducted from the DXG Standard. However there are ways to change credit into an asset and we show how below.
With the DXG Credit OutXchange there is a normal period of 30 days from the time of the completed OutXchange to repay the withdrawal. The repayment gains the use of the DXG Credit funds again as well as the OutXchange fee is credited back.
A key advantage when repaying the pending DXG Credit OutXchange is to repay with Federal Gold funds which automatically changes the currency from DXG Credit to DXG Standard "Federal Gold Direct Credit". The advantage with a Federal Gold repayment is that all monies held by Federal Gold Reserve can be transferred throughout the DXAccounts and DXPortfolios as "tagged" funds and are able to be OutXchanged to Federal Gold without normal processing or spend to other accounts.
A further option that will be made available is to repay the pending DXG Credit OutXchange with DXG Rewards. The repayment means that the DXG Credit balance would then be clear and available for use again. The OutXchange fee would still be charged.
Other ways to clear the pending value is with commissions and bonuses that can be gained from the various incomes such as affiliate and advertising bonuses.
"Trial Presentation"
To introduce the release of the DXG Credit OutXchange feature a "Trial Presentation" period has been made available for all DXUsers with DXG Credit who have an equal or greater value in their DXG Standard Balance. The trial will provide DXUsers with a better understanding of how the DXG Credit can be used as a payment and how to use it to gain an asset base.
DXUsers who have DXG Credit in their DXAccount are able to list a DXG Credit OutXchange request to the value of $25 DXG from their DXAccount balances now. In the next 24 hour the option to list a DXG Credit OutXchange will be available from the DXPortfolio.
The 30 day repayment period only commences when the OutXchange request is processed and not at the time of the listing.
The Trial Presentation will operate on a reduced time period of 7 days instead of the normal 30-day period to allow DXUser to see how the DXG Credit operates before being extended out on time and value.
To be eligible a DXUser will need to InXchange a minimum of $25 DXG to activate the service. The InXchange is credited to the DXG Standard balance or Federal Gold Direct Credit.
The DXMerchant Network has been set to receive and also process the listed DXG Credit OutXchange requests in a separate processing queue to the main DXG Standard OutXchange requests.
Once a DXG Credit OutXchange has been processed the 7-day period will commence allowing the time to repay the amount. As the repayments are made other OutXchange requests will be able to listed as the time and value is extended.
Another update will be released within 24 hours with more details regarding the Trial Presentation.
There is a scheduled system downtime for Thursday July 5th 2007 from 11:00 AM to 12:00 PM for a technical upgrade |