SMX Token allows you to reduce the commissions when trading on the SIMEX Exchange depending on the balance of the user's account*:
SMX Token does not give an opportunity to receive dividends from the profit of the company, in contrast to the preferred shares.
*You need just to keep chosen amount of SMX on the balance and you will get better trading comissions. We will not burn SMX for comissions. All your tokens belongs to you and could be exchanged into preferred shares.
Whenever you buy SMX tokens we reserve equal amount of preffered shares for you.
The right to receive dividends on a preferred shares is given on condition that the share is held by the shareholder for at least 90 calendar days before dividends payout.
1 preferred share can be exchanged into 1 common share when market price of the company's common shares reach $40 on US public trades. Dividend Rate per share of Series B Preferred Stock means the product 1/10,000,000 times four tenths of the net after-tax income, if any, of the Company for the calendar year corresponding to the Dividend Period.
Token gives the right to have discounts when buying any products and services purchased on the platform based on the calculation of the non-decreasing balance on the user's account.
To by SMX token you can in the personal cabinet in the section "SIMEX token". Token price is 1 USD. The minimum purchase is 200 SMX.