Frictionless Transactions and Credit
Underbanked businesses often operate without access to a credit facility; these businesses lack credit data and have a static credit reputation that is unfavourable for credit. By holding FTX and transacting on the TruX Platform, businesses generate alternative credit data and build a dynamic credit reputation that is favourable for credit.
To ensure platform fees are recognized by traditional businesses, fees are denominated in fiat currencies so as to encourage traditional businesses to transit to FTX for discounted fees. The TruX Platform also accepts fiat currencies to simplify user experience for traditional businesses which are not yet familiar with cryptocurrencies.
A profit margin of platform fees paid in fiat is used to purchase FTX at optimal rates in order to inject liquidity back into the token economy. This means that all platform usage is charged within the token economy and thus a self-regulating mechanism is achieved — if FTX becomes more expensive, the amount of FTX required to utilize and subscribe to services decreases.