Why there are 3 types of token?
Yes, that's a pretty good question. Why is there 3 types of tokens to begin with?
My apologies if my previous attempt to explain the various tokens wasn't clear. The rational behind 3 tokens can be found in the whitepaper (
https://www.fidentiaX.com/whitepaper).
Here is why we are using 3 tokens:
fdX tokens: this ERC20 token is used for the crowd token contribution period as well as the various utilities covered in the whitepaper. Ethereum has the liquidity for raising funds as well as functionaly have a bigger market for trading after the token goes live. There are many exchanges that caters for ERC20 tokens which will provide a market for fdX tokens in the future.
ISX tokens, this is the platform unified token which will be used for all transactions within the platform. There are various reasons for using a Platform unified token as it allows some form of control against Money-Laundering. ISX tokens cannot be transferred unless in a sales and purchase transaction and is pegged to US$1. this pegging also adds another utility as we can mitigate the fx risk within the platform. There will be situation where by the seller and buyer's currencies mis-match and thats where ISX comes in to minimize FX movement.
Curency Rep tokens, this token effectively is transpaent to most users as it would just be a balance of the user based on their initial deposited currency. We cannot insist that buyer deposits only USD and insist that they convert their fiat/btc/eth/etc into ISX immediately. thus the need for a currency rep token on the platform.
Hope i managed to address your queries.