TBX Tokens explained. How to use tokens on the platform.
Dear friends!
Many platform users as well as traders and investors of the crypto community are asking about the functionality of TBX tokens. Today we have decided to disclose this topic in detail.
TBX tokens are utility tokens of Tokenbox platform and are actively used by our clients. TBX tokens are available on the open market, additional supply of tokens is not possible.
What are the benefits for TBX tokens holders when using Tokenbox services?
A certain balance of TBX tokens gives you a discount on trading fees. At the moment, the base commission is 0.2% of the transaction volume. If you have more than 10,000 TBX on our platform, you can get up to a 50% discount. And the most interesting thing is that your TBX tokens are not spent and do not used for the commission payment, they remain on your Wallet balance!
The main function of TBX tokens is to maintain your Portfolio operational on the platform
TBX can be compared to a digital license to use the Portfolio service. Once Portfolio is created, you, as a manager, need to maintain in your Wallet an amount of TBX worth at least 1% of the assets of all your active Portfolios — otherwise Portfolio will not be able to accept new investments and will also be hidden on the marketplace.
For example, the Portfolio manager operates 2 Portfolios and the total assets in these Portfolios are 80,000 USD. In this case, the manager needs to keep TBX tokens worth over 800 USD in the Wallet.
We recommend all managers to keep TBX with reserve due to the high volatility of the cryptocurrency market
For example, 2–3% of the value of assets in your Portfolios. The provision of your Portfolio with TBX tokens is displayed as Level of TBX on the platform screen. If you see a green figure of more than 1% there, that’s fine. As with trading commissions, your TBXs are not expended, you will need to purchase them additionally only when the value of the assets in your portfolio increases.
You can deposit TBX tokens to the platform or purchase them by clicking the Buy TBX button on the platform screen.
