# REVOX-BNB Chain FAQ

### 1. Basic information

What is REVOX-BNB Chain?

REVOX operates on the BNB Chain (formerly Binance Smart Chain), enabling users to use $REX as collateral for coin-margined trading. By leveraging the BNB Chain’s efficiency and low transaction costs, it provides a seamless trading experience. This setup allows flexibility for integrating and modifying the coin-margined trading feature based on performance and user demand.

What is the REX token? What is its use?

$REX being the main governance token of REVOX indicates that it likely plays a crucial role in decision-making processes within the REVOX ecosystem. With a total supply of 3 billion ($3B), REX can be used to pay for AI credits in REVOX’s proprietary products (e.g., Lense, SmartWallet, Studio, Agent Marketplace) and third-party AI products supporting REVOX AI Payment.

### 2. Operational guidelines

How do I get REX?

  [ How to Swap REX for BNB on Kiloex](https://docs.kiloex.io/kiloex/revox-bnb-chain/how-to-get-usdrex-and-usdbnb-on-kiloex)

How to Trade with REX Coin-Margined Trading?

[How to Trade on the REVOX-BNB Chain via KiloEx](https://docs.kiloex.io/kiloex/revox-bnb-chain/how-to-trade-on-the-revox-bnb-chain-via-kiloex)

### 3. Costs and incentives

What Fees Are Charged for Trading REX?

* Gas Fee (Network Fee): BNB
* When trading on the REVOX-BNB Chain, a gas fee in BNB is required. This fee is necessary to process the transaction and record it on the blockchain.

Coin-Margined Token: REX

* When using REX tokens as collateral for coin-margined trading, a certain percentage of trading fees will be charged (calculated in REX). The specific fee rate can be viewed on the KiloEx trading interface.

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How Are REVOX-BNB Chain Trading Points Calculated?

* Point Calculation Rules:
  * Trading points are calculated once at both the opening and closing of the position.
  * The point calculation is based on the price of REX at the time of the operation.
* Important Notes:
  * Since REX is not a stable coin, its price fluctuates with the market, which may cause differences in trading points when opening and closing positions.
  * These differences are normal and are directly related to the market fluctuations of REX.
* Example：
  * At the time of opening: REX price is 2 USD, and the points are calculated based on this price.
  * At the time of closing: REX price changes to 2.5 USD, and the points are recalculated according to the new price.

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Difference Between Revox Coin-Margined and USDT-Margined Trading:

* Margin:
  * Coin-Margined: Uses $REX as margin.
  * USDT-Margined: Uses stablecoins (such as $USDT) as margin.
* Fee Rates:
  * &#x20;Coin-Margined: Fees may vary based on $REX market conditions.
  * USDT-Margined: Fees are calculated in USDT, providing more stability.
* Fund Impact:
  * Coin-Margined: The volatility of $REX can affect the margin.
  * USDT-Margined: Stablecoin margin is not affected by market fluctuations.

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Minimum Position and Margin:

* 1 $REX

Can I Enjoy Rebate, VIP, and Fee Discount Coupons?

* Yes, users can enjoy rebates, VIP benefits, and fee discount coupons.

Will trading competitions and other activities be counted towards coin-margined trading volume?

* Currently, no. Coin-margined and USDT-margined trading volumes are tracked separately. We will specifically launch trading activities for coin-margined trading.

Besides trading, can I participate in other activities to earn profits?

* Yes, you can stake $REX in the REVOX-Vault pool. Staking $REX not only provides liquidity for trading but also allows you to earn high APY rewards.

### 4. Technology and security

What are the technical advantages of REVOX-BNB Chain?&#x20;

* High Efficiency: Utilizing BNB Chain’s high throughput and low latency, REVOX-BNB Chain ensures fast transaction processing, enhancing user experience.
* Low Cost: With BNB Chain’s low transaction fees, REVOX-BNB Chain provides cost-effective trading experiences for users.
* Security: REVOX-BNB Chain inherits BNB Chain’s robust security mechanisms, ensuring transaction safety and data integrity.