Page 10 - CBI Magazine_July 2020

CBI-X
In order for any Association member to buy a product or participate in any activity of the CBI Ecosystem, they should do so with the following crypto coins and/or tokens: BTC; ETH, CBI or any combination of these. Should the member not have a sufficient amount of any of these, what they have can be traded at any crypto currency exchange.
Forthispurpose,wehavetheCBI-X SA, an exchange registered as a SouthAfricanBusinessfor“On-and Off-ramping” FIAT into crypto. These registered businesses are privately owned businesses which supply and render the required services to the CBI Association on a contractual terms and basis agreed upon, in order to make sure these coins will always be in supply should any other exchange not offer them. A pre- arranged spread is also negotiated in order to minimise slippage and the best possible exchange rates.
How We Operate
The CBI Association enables its members to create wealth through various information, education and blockchain applications and investment tools. The membership fee is purely for the administration of the association and the distribution of these fees, as well as income generated, will be made available at the annual general meeting.
This is a unique and once-off opportunity that might never happen again and every person in the developing world can grab hold of it. We want our members to play a role in it because our vision is wealth creation through CBI. Commissions on the “Sale of Products” are payable, but are however limited. Such commissions are nominal and do not have much effect on the outcome of the participants. This means that any member can participate in any product as long as the price for such product is paid and the member accepts the terms and conditions of participation in such product.
CBI MAGAZINE | July 2020
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