To all users who own XEX on CROSSexchange
We have entered the month of May.
As planned, we will carry out the XEX Buyback and Burn using the funds of CROSS exchange fund over the next month.
We initially announced the first XEX buyback on May 1st.
Available asset funds: 24 BTC and 125,000 USDT
XEX Buyback Amount: 1,648,167 XEX
(As of May 1, 2019)
You can check the usage status of assets from daily reports.
★ Daily Report → Fund Sharing Basics
The amount of the fund buyback (XEX) in the table will be displayed when the buyback in May is completed and the quantity is finalized.
The XEX buyback from the market by the fund will be gradual throughout May.
Once the planned number is reached, all bought back XEX will be burned.
What does it mean to ‘Burn’ coins?
Burning is basically permanently disabling the use of a cryptocurrency. If you burn coins that have a limited amount issued like XEX, the amount of currency circulating in the market will decrease, and the currency will become more scarce.
As measures for May, in addition to the current XEX buyback & burn plan, the XEX holder bonus (= holding conditions, XEX granted system with different rewards rate depending on amount of contribution) has been determined. The first bonus will be granted in May, but the plan is to grant a bonus by setting certain conditions once every quarter (every three months). If you are an asset manager of XEX, we recommend that you obtain as much XEX as you can.
The funds from CROSS exchange are for everyone who holds XEX. We will continue to make every effort to return more profits to you.
Thank you for your continued support of CROSS exchange.
The CROSS exchange Team