BANKEX Community Q&A Week 30 BKX tokens
BANKEX Team
Here is a good read for the weekend! We have prepared the second part of Q&A from the latest Reddit session. Please enjoy and feel free to let us know if you still have questions!
Q: What kinds of additional features are included? Is there anywhere I can read about this?
A: There are plenty of additional features in the BANKEX ecosystem. Take a look at the projects we have launched on our website.
Q: What does this mean: "used to pay for manipulations with asset records”. To change contracts?
A: The BKX token is a 'utility token', which allows you to use the BANKEX platform and pay for services rendered. This also means that the token does not yield dividends, but a record of any manipulation of objects using the token will be included on the blockchain.
Q: How are ad-sharing contracts enforced? If a creator doesn’t live up to the contract ad-sharing agreement, is it enforceable within the smart contract or would it require outside law enforcement? And would the ad revenues from the creator be verifiable/transparent on a blockchain?
A: The blogger has legal obligations to fulfill the contract for advertising. If a blogger doesn't fulfill the terms, we will suspend payments under the contract. There is no outside law enforcement provided for here, but the built-in incentives of buying and prompt termination of actions for unscrupulous bloggers minimize risks for tokenholders.
Q: Will BANKEX exchange only deal with BANKEX assets or with other tokens/coins as well?
A: Other assets/tokens/coins will be included. For example, the MovieCoin financing platform will tokenize the movies and television programs using BANKEX’s Proof-of-Asset Protocol, smart assets, and smart asset assembly.
Q: Why is there an Instagram tokenization but not a youtube/facebook/etc tokenization? Will other assets like coffeeshops and bands be tokenizable soon?
A: Yes, now we are working on Instagram and YouTube. Other social media and assets are included in our future strategic plans.