FAQ

GENERAL

Are Tokesn in X11 Blockchain Cryptocurrencies or money?

No, points are settlement points, which can be considered digital coupons. These points are used only for payments in the ecosystem. points in the X11 system cannot be traded. Users can buy points from X11 partners and convert them to local currency.

How do I know that the Service Provider is not a scammer?

Service Providers can choose to register with X11 Notary Service and then the counterparty has been vetted and can be trusted. Not all service providers or sellers choose to use X11 Notary Service if they wish to stay anonymous.

How do I get my X11 points back to Rands?

Money can be transferred to your Bank Account. X11 Company holds the equivalent amount of Rands in their escrow account, and there are X11 points in circulation.

Can someone steal my X11 points?

No, X11 points are recorded in Blockchain, and only the person with the Backup account key can access the X11 Wallet. If you give the Key to someone else, that person can move your points away from your X11 Wallet. Don’t share the account backup keys with anyone.

If I make a Smart Contract with a person and the other party is not performing, will X11 enforce the contract?

No, X11 provides a tamper-free digital contract, which will be your evidence when you report this issue to legal enforcement.