What is a PSX Coin?

• It is the digital currency used to purchase PSX stocks

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How Do I Buy PSX Coins?

• Two ways: 1. Click on Portfolio, then click on Buy PSX Coins, OR 2. Click on Menu, then press Buy PSX coins.

• Enter the amount of coins desired. 

• Then click on Buy Now. This will link to your payment method and will enable you to purchase PSX coins.

• 1 PSX coin = $1 CAD

 

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Can I Purchase PSX Coins with Cryptocurrency?

• Not at this time, however, in future releases we will provide this option via PSX Tokens.

 

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What Happens When A Player Gets Injured?

• There are no adjustments made to the share price based on injuries. If a player is injured, he obviously cannot perform, therefore the adjustments to the share price will be based mainly on demand of his PSX stock

 

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How do I Withdraw Funds?

• Click on Menu, Press Withdraw Funds

• Enter the amount to Withdraw (Remember 1 PSX Coin = $1 CAD)

• Press Request Withdrawal

• Money will be funded into the account that you have set up in PSX

 

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How Does a PSX Stock Value Go Up?

• Based on our PSX algorithm, PSX stocks are impacted primarily by player current and historical performance and market demand for the stock

 

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How Long Until My Order is Executed?

• A trade is executed only when there is a seller and a buyer. 

• As soon as both sides agree on a share price for a certain number of stocks, the transaction will clear.

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If the Sale of a Stock is Pending, but Then Ends Up Changing in Value Before the Actual Stock is Sold, What is the Value That is Sold?

• It would be sold at the current PSX stock price at the time of the transaction, i.e. at the point of sale, not when it is in pended status

 

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What Happens in the Offseason?

• During the offseason, the PSX app will continue to trade shares, however, there will not be a performance element to the algorithm

• PSX stock values will adjust based on market demand for that stock

 

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What Happens to Incoming Players?

• There are a variety of ways a player enters the league and becomes active, including the NBA draft, or promotion from the G-League, or signing a contract mid-season, or otherwise. 

• Once a player becomes active, their PSX stock will be added to the PSX portfolio for trading

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What Do the Icons in the PSX App Mean?

• Golden "S": PSX buying power (or number of PSX coins available to use)

• Grey Arrow: Amount of PSX Coins in pending transactions

• Trophy: Your leaderboard rank