How do X's promote trading?
New members of iOu eXchange receive 1000 points for joining, these are called X's. 'Early Adopters' are given an additional 1000 X's. IMPORTANT NOTE: Xs indicate trading activity on the platform. Effectively Xs are used as an encouragement to facilitate trade between iOu eXchange members. The number of X's used by each member is logged and cumulative values are used to demonstrate each members selling and buying activity.
What value do members place on X's?
For ease of use many Selling Members may ask Buying Members for ONE X in recognition of each £1 price reduction, however they can adjust the ratio. It is the Buying Members choice as to whether they agree to the number of X's requested by the Selling Member e.g. a Selling Member may ask for 2,3 or more X's for each £1 reduction they offer in their iOu eXchange deals.
Is there a joining fee?
Early Adopters will benefit from a £99 saving because there is no registration fee for them, so register today and pay nothing until you make more sales and use less cash when getting what you want.
Are iOu eXchange X's a cryptocurrency?
No, absolutely not... X's are not a currency. The eXchange X's represent one unit of recognition mechanism to demonstrate how grateful a Buying Member is. Of course it may be that a particular Selling Member may be happy to receive ONE X for each £ of discount given, whereas another Selling Member may feel that TWO X's are a fair recognition. X's are used to keep a track of which businesses are trading in a fair and mutually beneficial way.
What is iOu eXchange (iOu-X)?
Is there a monthly subscription fee?
Once you start to benefit from the service there will be a monthly subscription of £23.88 (paid in arrears) which can be cancelled at anytime. Important Note: the monthly subscription is a set figure for all businesses because the service provision and maintenance costs are the same irrespective of a business size.
What are the tax implications?
VAT is paid on an invoice amount; any £'s you pay for goods and services are liable for VAT where applicable. X's are not a currency, they are a unit in a points system that are used as a mechanism to promote trade between a closed group of members, thus they do not attract VAT (or any other form of tax).
How do I become an eXchange member?
Follow this link to FREE REGISTRATION or use the link at the foot of the page. The form is self-explanatory and only requires basic business information. Remember: iOu eXchange has a strict anti-spam policy so email addresses are only used for account activity and communication.