FTX is involved both directly or indirectly in every transaction settled on the TruX platform. TruX Platform users can pay for services or subscriptions directly with FTX. Buying directly with FTX will always result in a lower price. However, as most business owners already have a bank account, FTX is not the only payment method accepted. The TruX Platform also accepts fiat currency, which is automatically converted to FTX for a simplified and easy user experience. This means that every transaction will be paid for using FTX, reducing exchange rate risks and dependencies. This enables a self-regulating mechanism — if FTX becomes more expensive, the amount of FTX required for services will automatically reduce.
The FintruX 5% Reserve acting as the ultimate level of credit enhancements is also held in FTX. Over time, the operation of the business should drive this reserve pool to grow in value, providing greater levels of security for smart credits and lower overall interest rates on the platform.
*We are currently drafting a few sample walkthroughs with calculations to enable our users to theorize the growth and subsequent increased security of the reserve pool over time;