To users who hold XEX
Thank you for your cooperation to CROSSexchange.
We report that the following have been exchanged to BTC and USDT with the approximately 700 million yen of funds currently pooled in the fund sharing fund.
<exchanged coins: 7 brands>
|
Coin name |
Amount |
|
MONA |
6,500.00 |
|
LTC |
300.00 |
|
REP |
130.00 |
|
ETH |
5,200.00 |
|
NEO |
170.00 |
|
LSK |
11,700.00 |
|
ZEC |
40.00 |
<Coin information after exchange>
|
Coin name |
Amount |
|
BTC |
123.7433 |
|
USDT |
294,103.8095 |
On April 22nd, MONA, LTC, REP, ETH, NEO, LSK, ZEC were exchanged to BTC and USDT at the market rate of CROSSexchange. (Total about 1 million USD)
You can check the funds after exchange on the website
Allocated pool funds of fund account (as of April 23, 2019)
https://www.crossexchange.io/cross/report/fund
In this case, the 7 coins are indicated in the “Account Balance Adjustment" as a minus, indicating that the coin has been exchanged to BTC and USDT.
<Reason for coin adjustment of funds>
・ Good management of fund assets
Fund account assets are managed for XEX holders. Therefore, leaving only selected stocks, we will create a portfolio to increase assets.
・ Use for XEX purchase & burn
A portion of the funds will be used to purchase and burn XEX starting in May. Currently XEX can only be purchased in BTC or USDT. So we converted it to BTC and USDT as preparation funds.
<Funds exchange will be conducted regularly>
We will replace such funds regularly in the future. (Scheduled once a month)
This will bring great benefits to XEX holders.
Management of funds will be done for XEX Holders. We will continue to carry out useful activities such as stock reassignment of the XEX shared funds.
We ask for your continued understanding and support of CROSS exchange.
CROSSexchange Team