THORX is our onsite / local currency we use on our website. All deposits and withdrawals are converted to THORX. The symbol of THORX is
Using THORX enables us to render interest and profits for your deposits on the cryptocurrency amount and not in fiat value. THORX is like a fiat currency like USD, EURO and others. Is is our fixed base reference rate.
THORX is not a token of any sort. It is simply used to conveniently convert all incoming and outgoing transactions using a preserved value, making your cryptocurrency amount grow. With THOURLY, the interest we pay our investors is based on the cryptocurrency amount and not on its USD value. This is rather important because the value of each cryptocurrency goes up and down and we will explain why we opted not to use the spot price of cryptocurrencies in USD for deposits and withdrawals. So please keep reading.
THORX is a fixed rate conversion currency to retain your cryptocurrency amount. We use the following cryptocurency conversion rates for your reference. Read further and we will show you why this is the best move for us and why its advantageous to our investors, leaving only one disadvantage and that is: USER CONFUSION.
BITCOIN/THORX rate is 50000.00
ETHEREUM/THORX rate is 2000.00
LITECOIN/THORX rate is 225.00
BITCOINCASH/THORX rate is 650.00
DASH/THORX rate is 300.00
DOGE/THORX rate is 0.07500
Normally, on most platforms, your deposit is converted to USD using the spot current price of your crypto deposit at the time of confirmation (all cryptocurrency deposits require a variable number of network confirmations before the deposit is actually added to your account). With this setup, your USD value is the base reference for the investment plans calculation and computation of profits. This is quite disadvantageous in more than one angle.
Here is one scenario where this is very disadvantageous majority of the time. Imagine making a deposit using spot USD value of cryptocurrency, this time let's use BITCOIN as an example. You deposited, for example, BTC 0.5000000 and the spot current rate of Bitcoin at the time of deposit confirmation was $40,000 per 1 Bitcoin. Your deposit would have been activated as a $20,000 deposit, and let's say the investment plan you chose was to yield you a 50% profit over a period of 20 days. This specific deposit would yield you a gross total return of $30,000, where $20,000 was the principal deposit and the $10,000 is the 50% profit. Sure your deposit has generated you a $10,000 profit, and that's really good, but what if at the time of withdrawal, the value of Bitcoin in USD rose up to $80,000 per Bitcoin?
This is where having a fixed rate from the beginning shines with its advantages, especially to those who understand how cryptocurrencies work. If we were using spot USD value, your original BTC 0.5000000 deposit at this time would return a Bitcoin amount of BTC 0.3750000 inclusive of profits. Yes your USD returns would have gained but imagine having a fixed rate reference for conversion, like how THORX works? The scenario would have been like this. Please read further.
Using a fixed rate like THORX conversions ensures that your cryptocurrency amount increases and not simply its USD value. Let's continue the scenario here. So here is why fixed rate is way better and is the best choice ever. So you deposited , for example like above paragraph, BTC 0.5000000 and we used a fixed rate for both deposit and withdrawal, on a 50% profit plan, your BTC 0.5000000 would be computed based on this amount (0.5000000 BTC) so your total returns would have been BTC 0.750000. How will this happen?
Now you want to withdraw this