Several months have past since our last update and much has been happening in the background to progress to the next big stage in our development.

As many of you have probably heard, GDT has been granted the telecommunication license here in Vanuatu that has been needed to implement many of our services that require a larger set up here.

In our last report we mentioned that GDT was providing the software and security to a number of new e-currencies, well this has now been completed, and the first payment service and e-currency is ready to be released. Federal Gold will be the first payment service to be released and this will be followed by a series of other payment services that will form a complete interconnecting industry.

GDT has been monitoring the e-currencies at arms length for several years and also learning the hard way with loses in virtually all of the closed payment services including losses in the current running e-currencies due to their lack of internal security (which, is currently under investigation).

We have held back on joining the e-currency industry for a number of years while waiting to develop the best possible system so that the industry can go forward. Presently the main e-currencies are skating on thin ice with the way they operate which confirms what we realized some five years ago that if the industry was to survive it would need to operate the way authorities expect and use a business model which establishes itself as a world standard and that can merge with an existing banking industry.

There is an important role for the e-currency industry to play in providing an operating platform to the Internet world that the banking world can and will only dream about.

We have set a business plan in play that we are not able to easily change and need to continue the development to release the range of services that make up the major keys of the economy.

These services include services such as DXConnect (a social networking service) that has a wide scope to become involved with groups and individuals. DXConnect will enable people to upload topics of interest for others to view on a public showcase and create discussion groups that have a “forum” and/or “chat” type of format.

The DXConnect Messenger is currently being tested and is proving to be quite a versatile service with ‘one to one’ message communications. We are however requiring more users to get online and assist in testing the service to provide good feedback analysis for load testing and benchmarking. The core operating functions behind DXConnect are similar to that which will drive other DXSynergy services including DXAuctions and a wide array of others.

The ‘dXposed’ advertising service is now fully operating in the DXDaily, DXSystem and DXConnect and our marketing team our now focusing on directly working with advertising agents and businesses to use our services. Already DXBusinesses can create a campaign and watch in real-time the views of their advertisements.

The roll-out steps are becoming much quicker now that we have the co-operation of the government departments and the telecommunication license with our DXGlobal Payment Console (DXGPC) now being able to be cleared for full operation including the ClaimXchange where businesses will be able to claim the bonus percentages from their customer payments which will go a long way to covering the cost of using credit cards or various payment methods. We anticipate the availability of the ClaimXchange on the DXGPC in the next 2 to 3 days.

We have included a new diagram to the overall flow of how all the payment services and the DXServices will integrate with the DXSystem utilizing the DXMerchants in much of the process. With the DXSystem being a ‘user to user’ based service up to now this will begin to merge into a fully backed service with the Federal Gold Reserve holding all values across the full network of e-currencies and payment services.

DXAuction and the full upgrade of DXShopping will soon be clear to release after the new payment services are introduced. It has been important that the full payment options be available to both businesses and customers with escrow for a secure product for payment service.

From the diagram in that post you can see some of the other E-Currency companies that they will be creating:

www.etradxchange.com
http://www.networksolutions.com/whois/resu...tradxchange.com

www.e-regler.com
http://www.networksolutions.com/whois/resu...in=e-regler.com

These domains currently redirect to the DXSynergy home page but keep an eye out for them going active in the near future.

Can you post the diagram too?

http://www.dxsynergy.com/GDTMedia/ServicesDiagram.jpg

I have been informed that the first of the new payment services will be released sometime this week.

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.

News Article Details

Article ID: 160
Article Date: Friday June 22nd 2007 4:46:00 PM (UTC +11:00)
Article Publication: Public
Article Title: DXSystem Upgrade

News Article Content

In the countdown to the DXSystem upgrade scheduled over the next days there are three Flowcharts linked below that will provide an early insight into the introduction and use of the three currency values that will operate in the DXSystem.

The DXChange Trading service will be released and become a key control and balance for the market values between the currencies and provide a great secure trading activity.

As part of the upgrade there will be a final conversion of the Type 2 & 3 funds to Type 1 as well as completion of any pending DXDebit Withdrawals with values held in the Incoming balance.

To be able to complete the upgrade there will be a system downtime and a period offline for several hours. The exact scheduled downtime will be in a further News Update.

DXSystem Flowchart: http://www.dxsynergy.com/GDTDownloads/GIF/Flowcharts/S.gif

DXAccount Flowchart: http://www.dxsynergy.com/GDTDownloads/GIF/Flowcharts/S2.gif

DXChange: http://www.dxsynergy.com/GDTDownloads/GIF/...wcharts/DXC.gif

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