FAQ’S

Even the genius asks questions
Is Crypto-currency really used by people?

Yes, its now being accepted by over 500,000 businesses globally and more and more exchanges are coming up around the world to help people gain access to the currency in easiest ways possible.

How can I join Obtanix?

To join Obtanix, one needs a sponsor. A sponsor is an existing member of Obtanix & the person who introduced you to Obtanix.

If you have a sponsor, his/her username would be required at the time of joining to complete the sign-up process.

What is mining?

Mining is the process of spending computing power to process transactions, secure the network, and keep everyone in the system synchronized together. It can be perceived like the data center except that it has been designed to be fully decentralized with miners operating in all countries and no individual having control over the network. This process is referred to as “mining” as an analogy to gold mining because it is also a temporary mechanism used to issue new units of the currency. Unlike gold mining, however, Crypto-currency mining provides a reward in exchange for useful services required to operate a secure payment network.

Who controls the Crypto-currency network?

Nobody owns the network much like no one owns the technology behind email. While developers are improving the software, they can’t force a change in the protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Crypto-currencies can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

Are my investments with Obtanix safe?

Yes, the investments are safe since we promise positive returns every week for 75 weeks and ourselves take the profit or loss exposure. The returns fluctuate between 2.5-5% every week and hence, even in the worst-case scenario, the returns are substantial.

How do Crypto-currencies work?

From a user perspective, crypto-currency is nothing more than a mobile app or computer program that provides a personal wallet and allows a user to send and receive currency units with them.

Behind the scenes, the currency network is sharing a public ledger called the “Blockchain”. This ledger contains every transaction ever processed, allowing a user’s computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending currency units from their own addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward for this service. This is often called “mining”.

Why do people trust Crypto-currencies?

Much of the trust comes from the fact that it requires no trust at all. Crypto-currencies are fully open-source and decentralized. This means that anyone has access to the entire source code at any time. All transactions and currency units issued into existence can be transparently consulted in real-time by anyone. All payments can be made without reliance on a third party.The whole system is protected by heavily peer-reviewed cryptographic algorithms, like those used for online banking. No organization or individual can control Crypto-currencies, and the network remains secure even if not all of its users can be trusted.

Can I join Obtanix with a company name?

We allow both individual and corporate memberships, however every corporate membership should be represented by an authorized person/director to transact on the account.

Are Crypto-currencies fully virtual and immaterial?

Crypto-currencies are as virtual as the credit cards and online banking networks people use everyday. They can be used to pay online and in physical stores just like any other form of money. The balances are stored in a large distributed network, and they cannot be fraudulently altered by anybody. In other words, currency users have exclusive control over their funds and the assets cannot vanish just because they are virtual.

Are Crypto-currencies anonymous?

They are designed to allow users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, crypto-currencies are not anonymous and cannot offer the same level of privacy as cash. The use of currencies leaves extensive public records. Various mechanisms exist to protect users’ privacy, and more are in development. However, there is still work to be done before these features are used correctly by most users.

Some concerns have been raised that private transactions could be used for illegal purposes. However, it is worth noting that Crypto-currencies will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems. They cannot be more anonymous than cash and are not likely to prevent criminal investigations from being conducted. Additionally, they are also designed to prevent a large range of financial crimes.

Is Crypto-currency secure?

The technology – the protocol and the cryptography – has a strong security track record. The Bitcoin network is probably the biggest distributed computing project in the world. The most common vulnerability is in user error. The wallet files that store the necessary private keys can be accidentally deleted, lost or stolen. This is pretty similar to physical cash stored in a digital form. Fortunately, users can employ sound security practices to protect their money or use service providers that offer good levels of security and insurance against theft or loss.

What is Blockchain?

Blockchain is a transparent & open public ledger where transactions are recorded in blocks. The blocks placed one after another form a Blockchain. Blockchain is an enormously powerful, shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

Can I upgrade my membership at a later time?

Memberships can be upgraded within 30 days of the purchase, following which no upgrade is possible.

Who are the people behind Obtanix?

Obtanix has a dedicated management team based in Europe & Asia, overseeing the growth & operations of the company. The company is funded by a Denmark based business group and has seen multiple rounds of funding led by some of the biggest names in Venture Capital.

Why has Obtanix used Direct Selling as the model of raising investments and not other routes such as Crowd-funding, IPO, direct marketing etc?

It is not just a matter of raising investments but also about creating a user base for our upcoming currency and what model can better fit than direct selling as far as creation of a loyal and dedicated community goes?

What is the major difference between the memberships you offer?

Other than the amount invested and relative returns, there are 3 major differences between the membership packages we offer which are:

Xen: Different packages come with different number of Xenos units. We reward relatively more number of Xens with Advance and Premium package purchases.

Fast Track Bonus: Fast track bonus of 5,7,8 and 10% applies with the increasing amount of membership packages. One point worth noting is that you earn fast track bonuses even on positions signed up by your downlines based upon the differential calculations between you and the downline members.

Daily Capping: For long-term business owners, daily capping changes the entire scene. Your daily capping limit plays a very important role in your earnings every day.

Is my account at Obtanix secure?

Pretty much like the business we are in, we use bank grade cryptography to cipher the user information and access credentials. We ensure that the account is fully secured and only the account owner has the permission to conduct any transactions.

For this purpose, we forcefully ask users to setup Google Authenticator for each account and do not allow any transactions if Google Authentication is not setup.

We recommend you to keep your Obtanix account and email password safe at all times to prevent any misuse of funds. We also highly advise against the use of weak and easily guessable passwords.

We send regular Login alerts on discovery of new devices and browsers and also have a system in place to prevent cross-border account access.

We run the entire infrastructure on Secure Sockets Layer and have a dedicated security team monitoring any hack or phishing attacks on the site and prevent them in real-time.

Can I have multiple accounts with Obtanix?

We do not bar any user from holding multiple accounts at Obtanix. We advise purchasing higher value packages instead of multiple accounts for easy management and long-term results.

 

Can I use the same email address to open multiple accounts?

Each account at Obtanix is identified with its unique username and not email address. Different accounts are allowed to have the same email address.

How does mining help secure Crypto-currencies?

Mining creates the equivalent of a competitive lottery that makes it very difficult for anyone to consecutively add new blocks of transactions into the blockchain. This protects the neutrality of the network by preventing any individual from gaining the power to block certain transactions. This also prevents any individual from replacing parts of the blockchain to roll back their own spends, which could be used to defraud other users. Mining makes it exponentially more difficult to reverse a past transaction by requiring the rewriting of all blocks following this transaction.

Which currencies do you mine currently?

With resources primarily dedicated to Bitcoin mining, we mine 6 Crypto-currencies namely Bitcoin, Dash, Ethereum, Litecoin, Monero and Zcash at our state-of-the-art mining farms with hundreds of connected machines.

Currently, we use best in Class ASIC’s for mining and upgrade to the best available hardware innovation that hits the market and phase out older machines.

 

Where are your mining farms located?

Our mining farms are located in China, Hungary and Poland.

Do you have your own mining pool?

It is a misconception that those who own a pool only can mine different Crypto-currencies. We mine with all major pools which reward all miners via PPS form of sharing. Mining with more than one pool helps maximize returns since mining is majorly dependent upon luck and the network power, and hence diversifying the mining resources to different pools proves much profitable than a single pool in today’s competitive mining environment.

Which mining machines do you currently use?

At present, we have upgraded almost all our machines to Antminer S9 with hash rate of 14 TH/s.

Since when you have been involved in Mining of Crypto-currencies?

We have been an early adopter and player in the crypto-currency space and understand mining fully. We have been engaged in mining activities since early 2012 starting with Bitcoin mining.

How many currencies do you exchange?

We currently support exchange of 38 crypto-currencies. These can increase/ decrease based on demand/supply factors.

Can I exchange my crypto-currency to another using your service?

We have allowed free exchange of crypto-currencies using our website. This is the same system that empowers over 1500 businesses globally who use our technology and platform to meet their crypto-currency exchange needs.

Can I exchange fiat currencies with crypto-currencies using your service?

We are a full crypto-currency exchange and not fiat currency exchange. For exchange of crypto-currencies with fiat currencies and vice versa, there are many exchanges available in every country and region that can facilitate such transactions. We exchange only one crypto-currency to another.

Who is responsible for trading crypto-currencies at Obtanix?

We have setup a 24/7 team and invested heavily in creating a platform to trade in crypto-currencies. The team has relevant experience in banking, blockchain technology, forex and stock trading with hands on experience in crypto-currency trading.

In how many currencies do you trade at the moment?

We trade in almost all currencies available today. On a daily basis, over 500 currencies are substantially traded on our platform.

 

What determines price?

The price of a crypto-currency is determined by supply and demand. When demand increases, the price increases, and when demand falls, the price falls. There is only a limited number of units for every currency in circulation and new units are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable. Because the market is still a relatively small market compared to what it could be, it doesn’t take significant amounts of money to move the market price up or down, and thus the price is still very volatile.

Why do the returns fluctuate every week?

Being a company heavily engaged into financial activities of Crypto-currencies we aim at providing the best possible returns to our investors and distribute 65% of the profits back to our customers. Since the profits vary every week depending upon several factors such as changing economy conditions, demand and supply, volatility of crypto-currencies, difficulties of mining and rewards, varying trade prices etc., the percentage returns on investment also vary but based on our experience they never go below 2.5% and do not project them to go beyond 5% weekly.

 

How can I buy Bitcoin?

Bitcoin and other Crypto-currencies are sold and bought by various exchanges across the globe. A good resource to find local exchanges and sellers would be localbitcoins.com

Who created Bitcoin?

Bitcoin is the first implementation of “Crypto-currency”, which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.

Satoshi’s anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi’s influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin’s inventor is probably as relevant today as the identity of the person who invented paper.

Is Bitcoin legal?

To the best of our knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.

Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. For example, the Financial Crimes Enforcement Network (FinCEN), a bureau in the United States Treasury Department, issued non-binding guidance on how it characterizes certain activities involving virtual currencies.

How can I create a Bitcoin wallet and use it to send and receive bitcoin?

There are many wallets available to use Bitcoin with mobile and desktop applications. A few famous wallets are available at blockchain.info, coinbase.com and greenaddress.it

What is Xenos?

Xenos is the first crypto-currency to be backed by gold. Obtanix is currently generating a huge user base and contracting with various merchants and hardware developers across the globe to trigger a magnificent user adoption at the time of its launch.

 

What is the technology on which Xenos runs?

We have chosen Ethereum’s proven technology to build Xenos since “Proof of Asset” protocol is the easiest, safest and most resource saving way of mining and confirming transactions. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

What is the value of each unit of Xenos and what is it called?

A base unit of Xenos is called Xen and is backed by 1 gm of 99.99% purity Gold as per LBMA or COMEX standards.

What is the redemption policy for Xenos?

Each Xenos unit can be redeemed for equivalent amount of gold. We fulfill global delivery from our secure vaults within 30 days of the refund request. Once refunded, the returned Xen goes back to our pool of unsold inventory, which we place, on global exchanges to buy. Depending upon the quantity of gold, the asset is sent either in form of coin or a bar or both.

What kind of gold do you hold in vaults to back Xenos?

Our governing laws require that we must buy or sell assayed & stamped .9999 pure (99.9%) or better bullion-grade gold for the benefit of customers from an approved list of Refiners & Assayers whose gold meet the minimum specification set by the London Bullion Market Association (“LBMA”) or New York Mercantile Exchange division Commodity Exchange, Inc. (“COMEX”). We have partnered with one of the most trusted names in vault security with roots tracing back to 1859 & our vaults hold the gold reserves required for easy transfer between clients & holders of Xenos units.

Is Xenos live now to trade and exchange?

Xenos is being pre-mined at the moment and will be launched in early 2018 with a projected value of USD 600-700 per Xen.

 

How do you guarantee full backing of each unit of Xen?

We follow a transparent model of bullion buying for the number of Xenos units we are currently pre-mining. Our gold reserves are regularly audited and each ounce of gold is accounted for with equivalent amount of Xenos units pre-mined.

Why is Xenos not made live now and why has it been decided to launch it at a later date?

We are pre-mining a certain number of units prior to our official launch & offering them along with Obtanix Memberships to create a strong & established user base of customers & purchasers—who are the backbone of our success. In conjunction, we are building software applications, multisig wallets for all platforms, POS hardware devices & contracting with merchants and exchanges across the globe for enhancing use while transacting Xens. This is an end-to-end approach ensuring our currency’s success.

 

Why have you chosen Gold to back Xenos while all other currencies are based on demand and supply factors and benchmarked with fiat currencies?

Gold has been a natural money since pre-history & regarded by our ancestors as the single, best way to save, store & exchange value. In fact until 1971, national currencies were linked to or redeemable in gold when “Fiat Money” or unbacked money was re-introduced by the United States and soon, thereafter, in every other country. Gold has gained over 3000% against the US Dollar, which is arguably the world’s strongest fiat currency. No matter how gold is perceived in reality, it has always risen in the long term.

What is the guarantee issued by Obtanix for pre-mined units of Xenos?

We offer full corporate guarantees for each pre-mined unit of Xenos. You would find a Certificate of Guarantee issued by Obtanix in your member backoffice guaranteeing the equivalent number of Xenos units which you have been offered as a part of the pre-launch program.

How many Xens will be pre-mined?

A total of 10% of Xens will be pre-mined from the total available circulation. 90% of total Xens will be held by Obtanix to pursue mining of Xenos and to help keep developing Xenos from the mining returns Obtanix earns.

 

What are the payment modes to join Obtanix?

We currently accept Bitcoin to subscribe to different packages. Additionally, we also accept Obtanix wallet funds and member-generated vouchers to pay for new memberships.

How can I withdraw my earnings?

You can withdraw funds at anytime from your wallet to your Bitcoin address by placing a payout request, which gets processed within 72 hours.

What happens if the Bitcoin payment I made to join Obtanix is failed and not confirmed by the Network?

If the BTC payment does not result in a confirmation, we email you with a payment link to pay for the membership during which time we temporarily suspend the membership. As soon as the payment is made, we reactivate the account in the same position.

 

I need an invoice of my purchase with Obtanix. How can I find one?

We generate individual invoices for each account, which can be found under the “My Account” section of your backoffice.

Can I transfer my funds to another member of Obtanix?

You can transfer your wallet funds easily at anytime from your backoffice which would require Google Authentication to conduct the transaction.

What is the value of vouchers that I generate from my backoffice?

There are 4 different kinds of vouchers pertaining to the membership types we offer. The vouchers have different monetary value and can only be procured from your member backoffice.

How can I fund my account?

We allow funds to be added to every account’s backoffice for wallet transfers or voucher purchases. You can fund your account by paying using Bitcoin. An invoice would be generated which you can pay by scanning the QR code displayed on the system. Equivalent amount of funds are added almost instantly as soon as the payment is successfully received.

 

Can I cancel my payout request?

You can cancel any pending payout requests from the user backoffice. Funds are credited to the wallet instantly and no charges are deducted for any cancellation requests.

 

Are the returns same for all account types?

The ROI returns are same for all account types relative to the investment made. However, you can maximize returns by keeping the returns fully invested to see your ROI grow by many folds in 75 weeks.

Why is Fast track bonus different for different account types?

Starting with industry average of 5%, the bonus goes up to 10%, which becomes quite substantial when you promote Premium packages. Just 5 packages a month can yield USD 5000 in returns every month.

Our unique system of crediting fast track bonus to up-lines based on differential calculations is a first and helps reward members with extra income even from single leg growth in the organization.

Can I sponsor any number of people in my organization?

We follow a Binary structure of placement in your network; but you can sponsor any number of referrals in your downline and place them freely in the right or left leg organizations as per your choice.

Do I get to choose where new referrals get placed in the network?

We have built a very important & useful feature called Forwarding using which you can set up rules to place next sign-ups either on auto balance mode or you can choose to place them in extreme left or right of your organization. You also have the option to place new sign ups on left or right of specific usernames in your downline.

What is the PayDay at Obtanix?

ROI is credited weekly every Monday for the preceding week while Fast Track bonuses are credited instantly as soon as new referrals join the system. Dual team commissions are paid out at the end of the day everyday.

What is the criterion to earn Dual Team Commissions?

There is no criterion to earn Dual Team Commissions. If pairs are formed, the commission will be credited to your account independent of the fact whether you have sponsored anyone personally or not.

Is there any limit on my earnings with Obtanix?

The ROI fluctuates between 2.5-5% every week while there are not limits on Fast Track bonus. Dual Team commissions have a daily capping limit ranging from USD 100 – USD 2500 depending upon the package that the user holds.

Does my ROI start immediately after I join?

ROI starts after the completion of the running week in which you join. In simple terms, you start receiving profits from week 2 of your joining date.

What is the closing time for Dual Team Commissions and which time-zone is followed?

The closing time every day is 12 midnight as per the GMT timezone. All commissions are paid out after the closing time each day.

We display the server time in your backoffice for easy access to the timezone.

Are unpaid sales carry forwarded or they are flushed out from the network?

All unpaid sales (units) are carry forwarded to the next commission cycle for pairing and commissioning.

What percentage of the returns are credited to my wallet every week?

As per our investment guidelines, we credit 50% of the returns in your wallet and re-invest 50% back into the pool increasing your portfolio value every week. We do this to ensure increasing returns with each passing week. This is also done to ensure a lifetime of returns even after 75 weeks with the portfolio value growing with time. You also have the option to re-invest more than 50% of the returns back into your portfolio for increasing returns every week.

What happens after 75 weeks?

The returns are given in a compounding manner with 50% returns being re-invested into the initial amount. This ensures more and growing returns every week. For more returns, users can choose to keep 100% of the returns invested to earn greater returns with each passing week.

After 75 weeks, the initial investment is deducted from the portfolio value and ROI continues on rest of the amount for the next 75 weeks.

What are Unit Pairs?

Units are independent from the number of people in one’s group and contribute to calculate dual team commissions by matching the units from left leg and right leg organizations. Our financial system rewards you based upon number of units and not on the number of people in your organization.

1 Unit = USD 100

1 unit from the left and 1 from right forms a pair.

1 Pair = USD 10

What is Power Leg?

Power Leg is the leg, which holds more number of units in every commission cycle. All unpaid units carry forwarded from last commission cycle + new sales of the current day form power leg.

Can anybody from any country join Obtanix?

Obtanix is a global company based on a ground-breaking concept which means no borders. We are present in more than 80 countries today and growing. Currently, we have not limited our memberships to any territory or country.

Is there an age limit to join Obtanix?

Since we are an Internet driven company, we do not have any barring on the age, however we advise to check with your local CPA to consult about things like tax exposure etc. related to age while doing business with Obtanix.

How much tax I have to pay on my commissions?

We do not charge any withholding taxes or income taxes since we transact using our tax-free companies, which are not obligated to deduct any taxes. You are advised to check with your accountant and CPA regarding your tax obligations as per the law of land of your country.

Is there any VAT or Service tax charged by Obtanix on the investments?

We do not levy any taxes on purchase of our membership packages since our offshore tax free companies do not require any such taxes to be levied upon the customers.

Under what circumstances can my account be suspended or terminated by Obtanix?

We strictly follow the fair usage policies and act against any complaints of misrepresentation or unethical practices by our associates. The accounts are first temporarily suspended pending investigation and terminated if allegations are found to be true.

Apakah mata uang kripto benar-benar digunakan oleh banyak orang?

Ya. Mata uang kripto kini diterima oleh lebih dari 500.000 bisnis di seluruh dunia, dan jumlah pertukaran di seluruh dunia semakin meningkat untuk membantu banyak orang memperoleh akses ke mata uang dengan mudah.

Bagaimana cara mengisi saldo akun saya?

Dana dapat ditambahkan ke semua pusat akun untuk melakukan transfer antardompet atau pembelian voucher. Anda dapat mengisi saldo akun dengan membayar menggunakan Bitcoin. Tagihan akan dibuat, dan Anda dapat membayar dengan memindai kode QR yang ditampilkan pada sistem. Jumlah dana yang sama akan ditambahkan secara langsung segera setelah pembayaran diterima.

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