National Reference Price (Rp/kg)

FAQ

Frequently asked questions

The questions that come up most: what you are buying, how the price is formed, when the money moves, and how you collect the goods.

What am I buying?A right to each kilogramin a licensed SRG warehouse.
What is IXCX?

A commodity market run by PT Super System Technology and connected to the Warehouse Receipt System. Sellers offer stock already stored in licensed warehouses, buyers buy it by the kilogram, and every kilogram is backed by physical goods.

What exactly am I buying?

The right to a commodity by the kilogram. One kilogram on the market equals one kilogram of goods stored in a licensed warehouse, backed by a Warehouse Receipt verified by PT Kliring Berjangka Indonesia. Once filled, those kilograms are your balance: hold them, sell them on, or redeem the goods.

Is this a digital asset?

No. What you hold is a right to physical goods in a licensed warehouse, not a new instrument and not a derivative. It is recorded on our ledger, which regulators can inspect.

What is a Warehouse Receipt?

A document of title to goods stored in a licensed warehouse, issued by the warehouse operator and recorded at the Registration Center. It is governed by Law Number 9 of 2006 as amended by Law Number 9 of 2011.

Which commodities are available?

Nine sectors, from food to salt and minerals. The requirements: the goods exist, keep in storage, and meet minimum quality. Commodities outside the list can still be proposed.

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Who can trade?

Individuals and businesses alike, after email and identity verification. Businesses also submit their company documents; farmers can join through a cooperative or farmer group.

Is there a mobile app?

The IXCX web app opens straight from your phone's browser to follow reference prices and manage your balance. Android and iOS apps are coming soon.

Didn't find your answer?

Email your question to info@ixcx.io.

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