Even another big plan surprise is here!
The recent speculation has not been fine enough, and there is not too much joy & enjoyable news in the world.
That's why we also decided on a new plan with the whole team to offer users of CROSS exchange a "surprise offering".
※ By the way, the last surprise project was about 4 months ago!
Let us explain this offering.
The IEO starting from 7/20 is about the sale of the "GRAM Token" of Telegram, but also includes a feature where you can "purchase with your locked-up XEX!" As a result, the expectations from users were very high, and we have received many inquiries.
"Well then, why not let the planning team pay for half of the token price on their own and have the customer buy it at half the normal price?"
Surprisingly, we have chose to adopt this plan!!
Isn't this a generous idea that you can't easily see elsewhere?!
Here is an explanation about this change.
※ There are 3 important points. Please carefully check it.
① GRAM Token Sales Price Modification
Presently, discounts on announced GRAM Token sales prices will be made at each phase and the shortfall will be covered by CROSS exchange.
<GRAM Token Sales Price Modification>
Phase 1 Sales price 3.2 USDT (VIP realized rate of 3.0 USDT) → 1.7 USDT (VIP realized rate 1.5 USDT)
Phase 2 Sales price 3.2 USDT → 1.7 USDT
Phase 3 Sales price 3.7 USDT → 2.0 USDT
②Sales Schedule Changes
By changing the selling price, it is now more affordable to customers. However, since the total number of sales is limited, the sales schedule has been shortened by one day as shown below and the schedule has already been fixed as follows:
Phase 1 7/20 4:00 ~ 7/22 3:59 UTC
Phase 2 7/23 4:00 ~ 7/25 3:59
Phase 3 7/25 6:00 ~ 7/27 5:59
<Sales Schedule>
Period |
Time (UTC) |
Sales Quantity (Gram) |
Sales Price |
Participation conditions |
Phase 1 2 days |
7/20 4:00~ 7/22 3:59 |
92,592.59 |
1.7 USDT/token (VIP Members realized rate of 1.5 USDT) |
XEX Held:more than 10,000 XEX (all locked-up) General Users / VIP Members |
Phase 2 2 days |
7/23 4:00~ 7/25 3:59 |
92,592.59 |
1.7 USDT/token |
VIP Members only |
Phase 3 2 days |
7/25 6:00~ 7/27 5:59 |
92,592.59 |
2.0 USDT/token |
XEX Held: more than 10,000 XEX (all locked-up)
General user / VIP member |
③GRAM Token Listing Determined!
After the IEO ends, the GRAM Token (XGRAM) will be traded on the CROSS exchange platform!
If you participate in the GRAM IEO sale, you may sell GRAM after listing even if you do not wait for the release of the actual Telegram TON, and also customers who cannot join the IEO will also be able to purchase GRAM freely from the platform.
<Schedule>
・3 days after the end of the IEO → GRAM Tokens granted (XGRAM)
・Within 5 days after tokens granted → XGRAM listing (general trading begins)
<The benefits of the GRAM Token IEO offered by CROSS exchange>
1. This IEO is not “First come, First Serve”, will be “application based”. You can apply for purchase at ease anytime during the period.
2. If the sales demand is exceeds the sales supply, the portion of XEX that was not able to purchase GRAM will be proportionally distributed back to your wallet with a 90-day lock, but since you receive a 25% more XEX bonus than usual, it is a structure that can only benefit the customer.
3. After the end of the IEO, XGRAM tokens will be distributed within 3 days where they can be exchanged equivalently with GRAM tokens immediately. Once Telegram's proprietary platform "TON" is officially released, it can be exchanged for GRAM tokens.
4. XGRAM will be listed on CROSS exchange within 5 days of distribution. You can trade it after listing.
5. About IEO and VIP participation conditions,
・ IEO participation conditions: XEX with a lock-up: 10,000 XEX held
・ VIP Qualification: XEX with a lock-up: 200,000 XEX held
If the conditions are met in the middle of each phase, the conditions are automatically changed from that point on, making it easier to participate.
6. About purchases with XEX locked-up
In Phase 2 and Phase 3, you can purchase GRAM tokens with both XEX "with and without a lock-up". The XEX used for the purchase first uses your XEX without a lock, and is then preferentially used from coins whose unlocking date comes the soonest regardless of the lock period (30/60/90 days).
Example:If you want to purchase GRAM Tokens with the following 3 types of XEX:
① XEX without a lock-up
② XEX with a lock-up: 30 days(release date 7/18)
③ XEX with a lock-up: 90 days(release date 7/20)
Order of XEX used
① → ② → ③
7. Due to the proportional distribution during Phase 1 where your XEX that could not be used to purchase GRAM tokens were locked for 90 days (with a +25% bonus), that XEX is now available for purchasing during Phases 2 and 3.
From now on, we will continue to do surprise planning for CROSS exchange for the benefit of our customers.
Please be prepared! CROSS is the Best ♡
Thank you for your continued support!