FXAS Value and Buyback Plan
The FXAS token will be used to pay for any fees on the Fortified X platforms. When a user pays for fees with FXAS, they will benefit from a 25% discount during the initial year of implementation. In addition, 5-10% of profits earned by the Fortified X exchange will be used for the buyback and burn of FXAS tokens until a 5-10% buyback and burn of all FXAS tokens in circulation is achieved. All buyback and burn activities will be announced on the blockchain.
Risk Management
Risks
The Fortified X team is aware of the multifaceted risks inherent in operating a cryptocurrency exchange, including regulatory and operational dimensions. To address these challenges, the Fortified X team has established a resilient infrastructure and security framework, coupled with a team of seasoned experts and leadership
Market Competition
The competition within the cryptocurrency landscape is intensifying, with many non-crypto companies and financial institutions foraying into crypto-related services. This shift necessitates a strategic pivot towards diversifying revenue streams and moving beyond sole reliance on trading fees. Consequently, the Fortified X exchange aims to offer innovative products and services, underpinned by a robust go-to-market strategy, to proactively maintain a leading position amidst the competitive dynamics of the cryptocurrency space.
Last updated