The 24 hour countdown began today (Tuesday June 14) for the initial joining phase of One-X.

Whilst they finalise the set up of their own payment processor they will use Solid Trust Pay (STP) as an interim solution. As I commented in a previous post you will need to take into account any fees associated with funding the STP account to ensure that you have sufficient cleared funds available for the tiers you wish to invest in.

To make this sensible financially you should consider transferring sufficient funds to cover the four tier levels in the first matrix ($40), or enough to fund the purchase of keys at $6 each so that you can pay it forward for others. Unless you have funds that can be easily and cheaply transferred to STP then it doesn’t make a lot of sense to try and fund just the first $5.

As the joining process is dependent on having a sponsor you should wait for a link from the person who introduced you to One-X before submitting your details.

Once you have signed up you will need to wait for notification to fund your first tier as a second countdown will happen before payments will be necessary. This should allow time for STP accounts to be funded in preparation.

Indications suggest that there is pent up demand for this program to open and the potential for spillover is possible. However, on a personal level you should not make a decision to join based on the assumption that you will receive spillover. Your decision should be based on what value you see for yourself, family and friends and whether this makes sense for your personal objectives.

If you don’t yet have an STP account you will need to join sooner rather than later. You will need to provide verification data and it may take a few days to have this approved by STP. Doing this now will speed things up as payments become due.

The One-X blog will contain the latest information about roll out and you are advised to check this on a regular basis.

If I can help with any questions you might have please don’t hesitate to post a comment and I will do my best to answer it for you.