Why the Pecunix fee structure works better

Most Gold-Backed Internet Currencies/storage systems charge a two-component fee:

• Component 1: a flat storage fee
  
• Component 2: an additional percentage fee (per transaction).

Pecunix builds the storage fees into the transaction fees, so you don't pay fees while you save your gold. The Pecunix system offers account holders an incentive to save their gold (because they are benefiting from zero storage costs) rather than move it in and out of the system.

Most GBICs supply gold currency to the market through a system that tends to create a substantial spread between the buy and sell rate. This can be in excess of four percent for most average gold currency users.

Pecunix cuts the spread between buy and sell rates down to a minimum by using innovative marketing strategies combined with preferential wholesale rates. This lower entry barrier ultimately allows for a much more cost-effective system.

Example:

Pecunix

Buy $100 worth of Pecunix at 3% spread and you have $97.00 worth of Pecunix in your account.

Spend your $97.00 worth of Pecunix at the fee of 0.5% ($0.49)

Your total spending power was $97.00 - $0.49 = $96.51

Other GBIC

Buy $100 worth of another GBIC at 4% spread and you have $96.00 worth of 'Other GBIC' in your account.

Spend your $96.00 worth of 'Other GBIC' at the fee of 1% (max $0.50)

Your total spending power was $96.00 - $0.50 = $95.50 (excluding storage fees)