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What is crypto­currency?

Do you want to support your favourite sports club or athlete by buying KiXX? Then let us first explain that KiXX is a cryptocurrency and what that means.

Cryptocurrency is digital money that you can buy and sell for regular money or other cryptocurrencies and are called coins or tokens. These decentralised digital currencies work without a central bank or central administrator and are based on blockchain technology. Unlike regular money, cryptocurrencies are not tangible, only digital. However, because they do represent a value, you must be at least as careful when buying or selling them as you are with regular money.

 

The fluctuating value of cryptocurrencies

Because the value of cryptocurrencies depends on supply and demand, it can fluctuate (considerably). The value of several coins or tokens is still very unstable because these digital coins are relatively new. Of course, this also means that it offers opportunities, because if the value rises sharply, it can yield good returns, but the opposite can also be true. So be aware of this and do not put all your money into cryptocurrencies.

 

Security of KiXX

You can’t keep cryptocurrencies, including KiXX, in a safe. They remain digital, so we have to be careful. Therefore, we have developed a special security method, so that in case of a hack your KiXX will be safe, because of a separation we have built in.

 

Taxes and regulations

Even though KiXX and other cryptocurrencies are not regular money, in most countries income, corporate, property and sales taxes must be paid on everything of value. This also applies to digital currencies. Be aware that it is your own responsibility to comply with local tax laws and any other legal or regulatory mandates.

So it’s great if you want to support your favourite sports club or athlete by buying KiXX, but take some notice here.

Support

BoXX United Limited

Registration Number: 121657
REID: GICO.121657-29
VASP Licence

Madison Building
Midtown, Queensway
GX11 1AA, Gibraltar
info@boxxunited.com

  • About BoXX United
  • Our team
  • Sports Clubs & Athletes
  • Fans & Sponsors
  • What are KiXX Tokens?
  • What is an NFT?
  • News
  • Contact
  • Pre-registration

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