Thank you for always using CROSS exchange.
As scheduled, we would like to announce the burning of XEX coins from the CROSS exchange fund.
【Burn Date and Time】
5/30/2019 6:03:41 (UTC)
【XEX Burned Quantity】
As announced in May, CROSS exchange will use the fund assets to buyback XEX from the market, burning the full amount and making them permanently unusable. As a result, the total issued volume (10 billion coins) of XEX is decreased and XEX scarcity risen.
【CROSS exchange Daily Report 「Fund Shared Assets」】
Please verify the "burned volume (XEX) of the fund" of the XEX owned by the fund account. The burned 4,589,466.57 XEX is displayed as follows:
You can also verify the details of the XEX burning with Etherscan.
【Proof of Burned Coins】
Time Stamp: May-30-2019 06:03:41 AM +UTC (Burn Run Date)
【Proof of Decrease in Total Issued Coins from Burning】
① Total Issued XEX before Burning : 10,000,000,000 XEX
② Total issued XEX after Burning: 9,995,410,533.426573 XEX
① - ② = 4,589, 467.57 XEX (quantity burned)
With the CROSS exchange fund program, we will continue to utilize fund assets regularly and implement measures for everyone who owns XEX.
Thank you for your continued support of CROSS exchange.