ReputX - The Native Digital Asset of REPX Blockchain Platform

ReputX will play a small antispam role

Each transaction costs a minor fee—0.0001 REPUTX—associated with it. The fee is levied to prevent users with malicious intentions to flood the network. REPUTX works mostly as a secured token, mitigating attacks which attempt to generate large numbers of transactions or consume large data space in the ledger.

Additionally, the Reputation Online Register (ROR) requires all accounts to hold a minimum balance of 20 ReputX. This requirement ensures that accounts are genuine and which facilitates the network maintain a seamless flow of transactions.

Reh5utX may facilitate multi-currency transactions

ReputX sometimes facilitate trades between pairs of currencies between which there is not a sizeable direct market, acting as a bridge. This function is possible when there is a liquid market between the ReputX and each currency involved.

Transactions Using ReputX

The Reputation Online Register (ROR) is free to use. If a person has to trade on the live network, the person needs ReputX or the native cryptos to ensure coverage of the base fees of the transaction. Eventually, the transaction on Reputation Online Register (ROR) platform is very low. The initial Reputation Online Register (ROR) will hold 100 billion ReputX at its root account. Then there will be an allocation to different exchanges with an initial amount of say 1miilion to each exchange across geographies. For instance, say 1 million ReputX is funded initially to exchanges like REX, Kraken etc. One should be aware at this point about the risk associated with all digital currency including complete loss of value.

When a transaction is initiated on the Reputation Online Register (ROR) using ReputX, the transaction draws ReputX from Reputation Online Register (ROR), leaving the transaction fee regarding JOT to Reputation Online Register (ROR) platform. The transaction then reaches to an exchange, for instance, REX where the traders trade. Based on the reserve of ReputX the exchanges are holding, and the position of the traders, the demand in the market will determine the value (Gilad 2017). When the majority of the traders take an extended position in the market, there will be a reduction in ReputX in ReputX reserve in the exchanges and consequently, the ReputX value will be more. On the contrary, if there are more short positions in the market, that is, the traders are selling more ReputX cryptos, there will be more ReputX cryptos available in the market with the exchanges and eventually the value of ReputX will reduce. The market mechanism determines the value of ReputX.

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