Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][AIRDROP] ✅ ✅ ✅ Tokrex - The high frequency DEX revolution ✅ ✅ ✅
by
tokrexOrg
on 30/11/2018, 22:38:15 UTC
Quote from: BTV2019 on November 30, 2018, 09:37:57 PM
Quote from: tokrexOrg on November 30, 2018, 06:23:05 PM
Quote from: BTV2019 on November 30, 2018, 05:42:56 PM
Do I need to whitelist (KYC) for the AirDrop?

Hi BTV2019!

No, so far you don't need KYC to participate in the AirDrop.

However, a KYC can be done online in order to trade TOX against other cryptos as soon as the market is opening. The KYC frontend can be found in your account settings -> Onboarding / KYC



Thanks for the quick response. Already in the community! I hope my TOX will be useful to me


Hi BTC2019,

TOX are useful for many things. Here are some information from the whitepaper. The team will create a video on this topic. I keep you updated. With TOX you can operate Nodes (Escrow Nodes, Validations Nodes and Market Nodes) and thereby earn new TOXs.

What are TOXs used for?

Trading fees
Payments of trading fees, which the users themselves determine in competition. On Tokrex there are generally no trading fees, except users set a trading fee for their trades themselves. The scale of trading fees is left to the ecosystem and the users themselves.

License to operate escrow, validation and market nodes
Holders of the currency TOX can operate Escrow, Validation and Market Nodes and thereby earn new TOX.

Operating Escorw Nodes and Validation Nodes
Escrow and validation nodes are part of the high-frequency Tokrex trading platform. The operators of escrow and validation nodes will receive compensation for their services in TOX.

Operating Market Nodes
Market nodes are part of the decentralized order book matching (FloorNet). The operators of Market Nodes are paid in TOX.

Fiat Clearing (CSP)
Fiat transactions executed by Clearing Service Providers (CSPs) become transparent through a Blockchain (Clearing Blockchain). Fees on CSPs are paid in TOX.

Voting rights
Each TOX corresponds to one vote. On Tokrex, each user can create their own markets and offer tokens or coins. Tokrex members can rate tokens or coins. The more TOX a member has, the greater the impact on the rating. In addition, the Tokrex community agrees on many things, such as the user interface design, the development and so on. For this purpose, voting rights can be used.