Quote from: Merribourne on November 04, 2014, 12:37:31 PM

Hi, I looked at that website and the phase 1 business details.

Banx.io - online cryptocurrency exchange

q: Is this exchanging one crytocurrency with another i.e. exchange bitcoin for worldcoin?

BanxTrading - buying low and selling high during price swings

I think I understand, like forex for bitcoin?

BitBanx - purchasing Bitcoin and Litecoin (and selling)

q: how is this different from banx.io?

BanxMining - Bitcoin mining contracts

q: how many bitcoins are you mining daily at the moment?

BanxMint - physical Bitcoins and Litecoins.

q: if you make a physical bitcoin today, is the price fixed at what you paid on that day?

Overall q: do these 5 businesses exist now and if I buy banx shares do the dividends I receive come from the profits from these 5 businesses?

Hi Merribourne, glad to see you here.

1. You are correct, this is only a crypto currency exchange at the moment but we are adding features to it all the time.

2. Exactly.

3. This is essentially a bureau de change for crypto. On Banx.io you cannot buy crypto with FIAT currencies or vice versa. Bitbanx enables you to send us FIAT currency and receive crypto.

4. That is a question for Mark. We are currently in a transition period with our mining as we are moving our mining operation outside of the UK to increase our profit margin due to the increased VAT, electricity and site rental costs over here.

5. We have physical bitcoins and litecoins that have already been minted. If you purchase one today you purchase it at todays price of bitcoin or litecoin and we load the coin with whatever you have purchased as soon as the order has been made. The bitcoin or litecoin that is loaded on the physical coin is subject to market fluctuations just like any other crypto. These are more of a collectors item though.

6. Banx.io, banxmining and banxmint are up and running fully. Bitbanx is very close to going live and banxtrading is also very close. Profit payouts are from all live businesses that are making a profit. At the moment that is banx.io, banxmint & banxmining but as we bring more sites online and ramp up the marketing this will obviously increase.

I hope that answers your questions.