This is calculated on the net amount received from your new clients for their initial purchase of CX from Croinx Systems.
This is calculated on the net amount received from existing clients for additional purchases of CX from Croinx Systems. These commissions provide a regular source of income for ICSPs who continue to service their clients.
If you build strong and happy relationships with your clients, they will be happy to buy and sell CX through you; it is faster and easier for them and they can deal with someone they know and trust. You decide the charge you wish to make for this service. A 5% markup or markdown could be considered as acceptable. Alternatively, you could choose a flat service charge of say two CROiNETs (1CX = 100 CROiNETs).
If you embrace the use of CX and encourage others to use it then you will multiply the amount of possible ways to generate extra earnings for yourself.
More clients plus more CX transactions resulting in more CX purchases and sales translate to more earnings for you. Once clients start buying and selling their CX directly with you, you will earn regular income with minimal effort. There is no limit to how much you can earn.
As a guideline, we believe it is possible to earn 50 CX a month (about 5,000 USD at the current exchange rate).
It costs nothing to become an authorized ICSP. However, like any other business there will be basic costs of running your own CX business. The actual amount will depend on how big or small you want your CX business to be when you start.
However, compared to most other financial services business, the cost to set up and run a profitable ICSP business is very small compared to the potential income.
For a first time purchase, the minimum amount is just one CROINET (ie 0.01 CX) but you may purchase more than this.
In order to maintain the active status of your CX Storage Account (CXSA), your balance should not be less than 10 CROINETs. If your balance drops to below 10 CROINETs, your account will be classified as dormant. You will temporarily not be able to transact in CX. In order to change the status from dormant to active, you will need to purchase or receive a minimum of 1 CX. This does not include the less than 10 CROINETs you may still have in your CXSA.
CX is received into a CXSA either through a purchase by the CX account holder or through a transfer from another CX Storage Account. However, please note that new CX accounts can only be established through a purchase, not from a transfer.
Sales of CX can be credited into a bank account in your chosen currency, or collected as cash at all Western Union, Money Gram and other money Remittance outlets throughout the world.