Thank you for using CROSS exchange.
Thanks to all your support, it will be half a year on May 20th since CROSS exchange’s founding.
We would not have made it this far without your support.
With the feeling of gratitude to you all, we are announcing in advance a buyback of XEX using our Fund on 5/20 in this special use case.
・ 5/20 buyback amount: ~$500,000 USD planned
All bought back XEX will be burned during May, including the first XEX bought back (for ~$250,000) on 5/1.
1. XEX buyback using our Fund
As buying demand temporarily increases, it becomes easier for the market price to increase
As the quantity of circulating supply of XEX decreases, the scarcity of the coin will increase
・ Current Fund Asset Report: 8,587,216.25 USDT (as of May 9, 2019)
■ See Daily Report → Fund Sharing Asset Report
Currently, about US $8.5 million is in the Fund Sharing Asset account. This Fund is used for XEX holders. We will continue to make effective use of it as we have enough funds to buy back about ~$500,000 USD on 5/20.
Thanks to you all, we have reached our 6 month Anniversary.
CROSS exchange will work with XEX Holders for further development.
We look forward to your continued support of CROSS exchange.
CROSS exchange Team