Hello,

I'm fairly new to the concept of DX and I'm still deciding whether to sign up an account or not...

I've read quite a bit about it, but one thing I'm unsure of is this:


Say I inXchange $1000 of my real money into DXMerchant A's real e-gold account.

I then get credited with 1000 DXG.

Say four other people also undertake this transaction.

The DXMerchant, although he is 'less' $5000DXG in his DXAccount, now has $5000 real money in his e-gold account.


What is in place to stop this DXMerchant from spending the $5000 real money on a yacht and then abandoning the system, thus leaving an imbalance of real money : DXG, and therefore inadequate funds to pay out everyone's holdings if everyone decided to leave the DX program tomorrow?

I guess I'm unsure about how the float is monitored and 'secured'... how would the DXSystem know if any given merchant's e-gold account balance has dropped below the minimum level he is supposed to have?



Thank you for any help anyone can provide on this matter

A merchant can only receive InXchanges up to the value of their float balance. The only way for a merchant to build a float is to process OutXchanges. That means, if a merchant has a $5000 float, they have brought $5000 real money into the system by processing others OutXchanges. So if they then receive $5000 in InXchanges, they are effectively even. If they choose to cash out their e-gold, the system would be in equilibrium (minus merchant commissions). DXSynergy doesn't need to know what happens in the external e-currency accounts, they only care about the float, which is backed by real money that the merchant has added to the system.

Hope this makes sense

Exactly. Sufficient measures have been put in place to make sure the DXSystem is properly balanced so there is no chance of someone doing a run on the house so to speak.

Help! I don't get it. What is DX?

If you want to learn more about DXSynergy I suggest reading about it here:

http://www.dynamic-xchange.com

Hi bafoby,

I suggest you join DX4All where you will get free up to date information about DXSynergy.

Watching these may give you some additional insight:

http://www.dxpowerteam.com/sample/E-currency_Review.html

This one's was developed during the DXInOne version of the DXSystem. The bonuses aren't as high today under the DXSynergy version as they appear in this audio/video stream, but the genral functionality of the Merchant Console remains the same:

http://www.ecurrencybiz.com/images/ecurren...eSTREAMING.html