Newsletter #12–30th April 2019

Hello Fox users!

As we commented in the last article the company changed completely its structure and is now part of a crypto-friendly country, the Republic of Estonia, and we can gladly say that Fox Crypto Trading Global OÜ is already making its first steps.

We will be updating you about every important news related to the company, as the current App that will be updated in the following days, but this newsletter has to be focused on the Trading Pool launch as it is this Thursday the 2nd of May!

Trading Pool launch

How does it work?

Trading Pool will be opened this Thursday 2nd of May for ICO investors, and the following day, 3rd of May, for every user. We will now try to give you every detail about the Trading Pool functioning, in case that you still have doubts, then visit our help center, you will find articles and guides to make the Trading Pool easy to set up.

The number of users will depend on the deposits, Trading Pool in this first stage will be limited to 700 ETH(≈ $100,000). This amount will be divided into:

1. 350 ETH will come from every user that wants to deposit a minimum of 3 ETH (≈ $500) and a maximum of 6,5 ETH (≈ $1,000) worth in ETH.
2. 350 ETH coming from larger deposits, the limit for this stage will be $10,000 worth in ETH per user.

The following table shows the opening times of the possible investments you can make. And, please, remember that investments below the minimum or above the maximum will not be allowed, they will be automatically rejected by the smart contract.

In this first stage, the investment will be saved in USDT value to avoid cryptocurrency fluctuations. Also, it will be better for us to find arbitrage opportunities. But keep in mind that deposits and withdraws are exclusively in ETH.

About the profit generated by the bots, you will be able to follow the Trading Pool global performance and check the profit gained until then and also see the profit gained in your user’s square, profit will be shared every 30 days, the time remaining until profit will be specified.

Check out this video to know how to set up and deposit in the Trading Pool:

What is the role of FOXT in the Trading Pool?

1. Fuel the Pool. Everyone who wants to join the Trading Pool will need FOXT token in order to fuel the service, that’s why FOXT can be seen as Gas. The minimum relation of FOXT and investment will be 1:5, a dollar worth in ETH requires 5 FOXT. Therefore, if you want to deposit 5 ETH and they are worth $750 you will need 3,750 FOXT. As in real life, it will be better to have a full tank of gas, we are showing you why in the next points.
2. Pay the Commission in FOXT. You will pay the Trading Pool commissions in FOXT, they will be subtracted directly from the tank of FOXT gas. So, how much will I pay? Well, it depends, the more you full the tank the less you will pay, the standard commission is finally a 25% ONLY over your profit earned (Trading Pool has no fixed cost, only over your profit), this leads to a win-win situation. And you can easily low the commission by holding more FOXT in the tank, and you can reduce it up to 2%!
3. More FOXT, less commission. If you have the full tank of FOXT you will see the commissions over the profit generated reduced. Following the first point example, if you have deposited $750 worth in ETH this will require 3,750 FOXT, this minimum deposit of FOXT gas leads to the standard 25% of the commission. Now, if you hold the double of FOXT 7,500 you will see how the commission is reduced to 16%. This method favours investors that have trusted the most in our project like early investors and investors that are holding large quantities of FOXT.

The ratio between FOXT and Investment and the corresponding commission over the profit generated

Other important Trading Pool aspects

Please remember that you will be able to withdraw your deposit any time, but, if you withdraw before the payment day has passed you will lose the profit generated until then.

Trading Pool will be, because of its structure, a limited service, the users that will not be able to have access will have to wait for the second stage, we will soon provide more details about it!

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• Website: https://foxtrading.io