Thank you for using CROSSexchange. As planned from the a while ago, we will return XEX to all XEX holders according to your share of XEX.
＜Background of XEX return using fund limit＞
Five months have passed since the start of CROSSexchange and the listing of XEX. In the meantime, there has been no sharp drop in the price of XEX, and to the present we have not used the funds once. The funds are increasing daily.
fund of XEX (as of April 20, 2019)
amound held in fund (XEX) = 180,030,759.55 XEX
fund re-purchase amount = 0
Approximately 700 million dollers equivalent to the dividend pool funds of the fund account (as of April 20, 2019)
* Fund account sharing Funds are posted daily on the website of CROSSexchange, and can be viewed by users anytime.
■ See Daily Report → Fund Sharing Fund
https://www.crossexchange.io/cross/report/fund
<CROSS exchange funds belong to XEX holder>
XEX is the only mining token issued by CROSS exchange, and by holding XEX, you are entitled to the revenue sharing of CROSS exchange.
The funds from this fund will be used to make effective use of XEX holder. Therefore, we will periodically return part of the pooled funds to the holders.
<Two Announcements of using the fund>
① We buy XEX from the market and burn it.
Re-purchase the XEX from the market using the funds pooled in the XEX fund and burn it.
What is a burn?
Make sure that you can't permanently use part of your crypto currency holdings. If you burn coins that have a limited number of issues like XEX, the amount of currency circulating in the market will decrease, and the currency will become more scarce.
Demand → same
Supply → Decrease (by Burn)
Currency value = rising ↑
period:May 1st to end of May
During May, we will re-purchase and burn a fixed number of XEXs over a month.
② Grant a part of fund held XEX to XEX holder
Under certain conditions, certain XEX funds will be granted to XEX holders. Details will be announced soon.
Implementation period:During May
<Future implementation plan>
Target:
Those who own XEX at CROSSexchange (Return method and return rate change depending on the holding conditions and degree of contribution)
Implementation period: Once a quarter (every three months)
CROSSexchange values XEX holders and wants to grow with them.
We will continue to strive for further development and return more profits.
Please look forward to it in the future.
CROSSexchange Team