News Article Details
Article ID: 159
Article Date: Monday June 18th 2007 2:48:00 PM (UTC +11:00)
Article Publication: Public
Article Title: DXSystem upgrade.
News Article Content
Before the end of this week a system wide conversion of all Type #2 and #3 funds will be completed to Type #1 Funds.
If you have any remaining Type 2 and 3 funds in your account you can either allow the upgrade to complete the conversion or complete the action yourself prior to the system conversion.
Once the conversion has been completed the full system audit will be finalized and the upgrading to the new currency balances, DXG Standard, DXG Credit and DXG Rewards will be completed.
DXG Standard will be the remaining value, which has been traced and accounted for as 'Raw InXchanged Value'. This includes spends or portions of spends which have been received from other users who had remaining 'InXchange Value' at the time of the spend. All DXG Standard value could only have originated from an 'InXchange' at some point in the DXSystem. All values include the processing of OutXchanges (input value) and receiving of InXchanges (output value) in DXMerchant accounts.
DXG Credit will be any remaining value that is a difference between your PF Value at the time of the change-over.
DXG Rewards will be any value, which is over and above the two preceding balances.
DXG Standard will be transferable to other accounts and OutXchangable to e-services.
DXG Credit will be transferable to other accounts and OutXchangable to e-currencies, if there is a positive 'Overall Credit and Debit Result' in the Credit Report.
DXG Rewards will be primarily the earnings of a portfolio which can be used to repay any negative 'OVERALL CREDIT and DEBIT RESULT' found in the Credit Report or traded for DXG Standard and DXG Credit funds in the unique DXChange Trading Platform that will be released with the upgrade.
More information regarding the upgrade will be released as it becomes available.
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