The Utility Token for Business Growth and Sustainability

FTX is at the heart of every B2B transaction and commercial loan on the TruX Platform. Businesses can utilize and subscribe to services with FTX. The use of FTX always results in discounted platform fees where chargeable.

It is common for businesses to hedge local currencies against foreign currencies at optimal exchange rates by holding foreign currencies in anticipation of cross-border B2B transactions. In the same vein, businesses can hedge their local currencies against foreign currencies at optimal exchange rates by holding FTX in anticipation of future platform usage. Moreover, holding FTX is a business expense incurred in the course of running the business and thus is tax deductible. Businesses holding FTX may also benefit from capital gains or stake their holdings to secure preferable credit terms on the TruX platform or unlock various incentives in stages.

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.

Credit Enhancements and Security

The FintruX Reserve, worth 5% of the total FTX supply, acts as the ultimate level of credit enhancement and is always held in FTX. Over time, the token economy will drive the valuation of the FintruX Reserve, providing dynamic levels of credit enhancement for every B2B transaction and commercial loan on the TruX platform and thus incentivising all businesses with preferable credit terms secured on the TruX platform. In the event of any depletion in the FintruX Reserve, 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 FintruX Reserve.