Thank you for always using CROSS exchange.
The Telegram GRAM token IEO which ended up being very popular ended smoothly at 5:59 UTC on July 27! Thank you very much for everyone who contributed.
The purpose of this IEO was to allow "participation of as many users as possible" on CROSS exchange, and bear partial funding for purchase by the CROSS exchange team through the expansion of making XEX more available (operation with both locked and unlocked XEX). We have taken a variety of measures, including purchasing through proportional distribution.
However, because “the purchase application demand was more than ten times the available sales quantity in all phases,” it was not possible to sell the quantity of GRAM to satisfy all customers.
As a result of receiving opinions and requests from a large number of customers, we decided to conduct a “2nd GRAM token sale.” (Sales Quantity: 100,000 GRAM only)
This 2nd Stage will take place in two phases in a short period of time. If you would like to purchase GRAM tokens, please review the following information.
＜IEO Participation Conditions＞
・XEX Held: 10,000 XEX (with a lock-up)
・Lock Period: 90, 60, or 30 days, all eligible
(same conditions as the 1st sales Stage)
GRAM Token Sale “2nd Stage” Schedule
Phase 1: 8/1 4:00 ~ 8/3 3:59 UTC
Phase 2: 8/4 4:00 ~ 8/6 3:59 UTC
●Phase 1 (2 days)
① Period: 8/1/2019 4:00 〜 8/3/2019 3:59 (UTC)
② Sales Quantity: 50,000 GRAM
③ Minimum Purchase Requirement: 10,000 XEX
④ Maximum Purchase Limit: None (Proportional allocation in case of excess demand)
⑤ Eligibility: General Users and VIP Members
⑥ Sales Price: 1.8 USDT (VIP Members: realized price of 1.6 USDT)
⑦ Purchasing Currency
・XEX (with no lock-up)
※ You cannot participate unless you have 10,000 XEX (without a lock) in your wallet at the time of participation.
※ XEX prices are based on USDT and XEX market rates one hour before the IEO starts.
＜Supplemental Explanation＞
・For VIP members, "0.2USDT" XEX (with a 90 day lock-up) will be cashed back per purchased GRAM.
XEX Cashback Period: After Phase 1 ends
【Calc. Method】
VIP cashback quantity = XEX purchased GRAM x (1 - 1.6 ÷ 1.8)
・VIP certification is for customers who have 200,000 or more XEX (with a lock) in their wallet.You will be eligible as soon as you reach 200,000 XEX.
・You can use XEX pending in an order to purchase GRAM.
・ XEX funds that are permanently locked cannot be used towards the IEO.
● Phase 2 (2 days)
① Period: 8/4/2019 4:00 〜 8/6/2019 3:59 (UTC)
② Sales Quantity: 50,000 GRAM
③ Minimum Purchase Requirement: 10,000 XEX
④ Maximum Purchase Limit: None (Proportional allocation in case of excess demand)
⑤ Eligibility: General Users and VIP Members
⑥ Sales Price: 2.0 USDT
⑦ Purchasing Currency
・XEX (with or without a lock-up, both eligible)
＜Supplemental Explanation＞
・If you meet the IEO Participation Condition of holding 10,000 XEX (with a lock-up), you can participate in the IEO sale.
・If you meet the VIP conditions of 200,000 XEX (with a lock-up), you can use that XEX during the IEO sale.
・You can use XEX pending in an order to purchase GRAM.
・XEX funds that are permanently locked cannot be used towards the IEO.
【2nd Stage Sales Schedule】
|
Period |
Time (UTC) |
Sales Quantity (GRAM) |
Sales Price |
XEX Eligible for Purchasing |
|
Phase 1 |
8/1 4:00 ~ 8/3 3:59 |
50,000 |
1.8 USDT / Token （VIP Members realized price of 1.6 USDT) |
XEX with no lock-up |
|
Phase 2 |
8/4 4:00~ 8/6 3:59 |
50,000 |
2.0 USDT / Token |
・with no lock-up ・with a lock-up (both eligible) |
＜Other items to check＞
1. The GRAM is application based
This IEO is based on an “application system”. You can apply for purchase at ease anytime during the period. (However, you cannot cancel once you apply.)
2. Regarding confirmed purchase quantity
In each phase, if there is more customer purchase application demand than available sales quantity, it will be prorated. In the case of Phase 1, "How much GRAM could you get?" and "How much XEX was returned to you?" will be finalized after Phase 1 for Phase 1, and after the IEO for Phase 2.
3. If you participate with XEX with no lock-up, you will receive a XEX bonus
By proportional distribution, "XEX without a lock-up" that could not purchase GRAM will be returned to your wallet with a “90 day lock + 25% bonus" after each phase. However, those who participated with XEX with a lock-up will not receive a 25% bonus and it will be returned as "XEX with a 90 day lock-up".
・XEX without a lock-up ➡︎ 90 day lock + 25% Bonus
・XEX with a lock-up ➡︎ 90 day lock only
4. About the order of XEX applied to purchase GRAM
The order of XEX applied to purchase GRAM in Phase 2 is first "XEX without a lock" is used, then regardless of the lock period (30/60/90 days), priority is given to XEX with the closest unlocking date.
Example: If you purchase with the 3 types of XEX below:
① XEX without a lock-up
② XEX with a lock-up: 30 days (8/2 unlocking date)
③ XEX with a lock-up: 90 days (8/11 unlocking date)
XEX applied in this order:
① → ② → ③
5. XEX refund period for the portion that could not purchase GRAM
・Phase 1: after Phase 1 ends, but before Phase 2 begins
・Phase 2: after the IEO ends, distributed within 3 days
【Where to Buy?】
➡︎CROSS exchange Launchpad (IEO Platform)
2nd Stage is from 8/1 ~ 8/6.We look forward to your participation.
CROSS exchange Team