Thank you for always using CROSS exchange.
This is an announcement for the Telegram GRAM Token IEO sale.
On the CROSS exchange IEO Platform starting 7/20/2019: we will sell Gram tokens on the CROSS exchange LaunchPad.
【Basic Information】
① Sales Quantity: 277,777.77 GRAM
② Sales Price: 3.2 〜 3.7 USDT
（case for a realized 3.0 USDT for VIP Members）
③ Purchasing Currency: XEX
・The XEX price is based on the USDT and XEX market rates one hour before the IEO starts.
④ Minimum Purchase Requirement: 10,000 XEX
⑤ Maximum Purchase Limit: None (with exception)
※Excluding one part of this IEO, the amount applied for purchase can exceed the total available for sale. However, if it exceeds the total available quantity, it will be prorated according to the application quantity.
⑥ Coin Distribution: Within 3 days after the IEO ends
【IEO Participation Conditions】
・XEX Held: 10,000 XEX (with a lock-up)
※ Lock Period: 90, 60, or 30 days all eligible
※ The 10,000 XEX (with a lock-up) participation condition cannot be used for purchase in the IEO.
【How to Purchase】
The sales period is conducted in three Phases. Please note the participation conditions are different for each phase.
＜Phases 1 〜 3 to be held＞
＜Participation Eligibility＞
・General users can only participate in Phases 1 & 3.
・VIP Members can participate in all three Phases (Phases 1, 2, & 3).
※ A VIP Member is a user who has 200,000 or more XEX locked-up on CROSS exchange.
● Phase 1 (2 Days)
① Period: 7/20/2019 4:00 〜 7/22/2019 3:59 (UTC)
② Sales Quantity: 92,592.59 GRAM
③ Minimum Purchase Requirement: 10,000 XEX
④ Maximum Purchase Limit: None (Prorated allocation if sales quantity is exceeded)
⑤ Eligibility: General users and VIP Members
⑥ Sales Price: 3.2 USDT （VIP Members: actualized price of 3.0 USDT)
※For VIP members, "0.2 USDT" will be available for a cashback per purchased GRAM.
【Calculation】VIP cashback quantity = XEX purchased GRAM x (1 - 3 ÷ 3.2)
※VIP certification is for users who have 200,000 XEX (locked) in their wallets before Phase 1 starts. If 200,000 XEX is achieved during the Phase 1 event, it will not be counted.
⑦ Purchasing Currency
・XEX （without a lock-up）
※You will not be able to purchase unless you have 10,000 XEX (unlocked) in your wallet at the time of participation.
●Phase 2 (2 Days)
① Period: 7/25/2019 4:00 〜 7/27/2019 3:59 (UTC) Scheduled
② Sales Quantity: 92,592.59 GRAM
③ Minimum Purchase Requirement: 10,000 XEX
④ Maximum Purchase Limit: None (Prorated allocation if sales quantity is exceeded)
⑤ Eligibility: VIP Members only
⑥ Sales Price: 3.2 USDT
⑦ Purchasing Currency
・XEX (With or without a Lock-up, both eligible)
※ XEX that is pending in an order, a withdrawal, or funds from a permanent lock are not eligible.
●Phase 3 (3 Days)
① Period: Starts two (2) hours after Phase 2 ends
② Sales Quantity: 92,592.59 GRAM
③ Minimum Purchase Requirement: 10,000 XEX
④ Maximum Purchase Limit: 600,000 XEX
⑤ Eligibility: General users and VIP Members
⑥ Sales Price: 3.7 USDT
⑦ Purchasing Currency
・XEX (with or without a Lock-up, both eligible)
※While waiting for an order, withdrawal, or funds from a permanent lock are not eligible.
＜Point＞
① In this IEO, we feel that “users with a high lock-up ratio” should be “able to participate in this IEO with their locked XEX,” and thus we made it possible to purchase GRAM even with locked XEX during Phase 2. This is a method to allow many XEX holders to participate in this IEO.
② Lock-up XEX with a lock-up can be acquired in various ways, such as through trade mining, trading, QuickBUY, QuickBUY for VIP, the XEX Converter, events, and referral fees.
＜About proportional allocation＞
・By "prorate allocation", XEX not used in purchasing Gram will be automatically converted to XEX with a 90 day lock-up returned to the user’s wallet after the IEO ends. This XEX will have a higher bonus than normally (+ 25% bonus).
・Users can apply with a higher XEX quantity than actually held. However, at the end of each phase
"Payable XEX quantity ≥ XEX quantity to pay at the end of the current phase"
If this case is not fulfilled then it will be considered as not participating in this Phase of the IEO.
【Example of a prorated distribution】
When the applied for quantity is 277,777.77 tokens against the Phase 1 sale of 92,592.59 tokens (exceeds the available sales quantity)
User A applied for 3,000 tokens. (when 1 GRAM token = 20 XEX)
User A's purchase funds will be 60,000 XEX (3,000 x 20).
・The number of GRAMs that can actually be purchased = 3,000 x (92592.59 ÷ 277, 777.76) = 1,000 tokens
・Purchase Price ＝ 20,000 XEX
・The excess 40,000 XEX will be returned in full to the user after IEO completion.
(with a 90 day lock and + 25% bonus)
＜Regarding the purchase with locked-up XEX＞
In Phase 2 and Phase 3, you can purchase GRAM tokens with both locked and unlocked XEX. First, your unlocked XEX is used for purchase, then your XEX with the earliest unlock date is preferentially used regardless of the lock period (30/60/90 days).
Example: When purchasing GRAM tokens with the following three types of XEX -
① XEX with no lock-up
② XEX with a lock-up: 30 days (unlocking date of 7/18)
③ XEX with a lock-up: 90 days (unlocking date of 7/20)
XEX used in this order:
①→②→③
＜Sales Schedule Summary＞
|
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 |
3.2 USDT/token （VIP Members acualized price of 3.0 USDT) |
XEX Held: more than 10,000 XEX (all with a lock-up) General users・VIP Members |
|
Phase 2 (2 Days) |
7/25 4:00 〜 7/27 3:59 |
92,592.59 |
3.2 USDT/token |
VIP Members only |
|
Phase 3 (3 Days) |
Starts 2 hours after Phase 2 ends |
92,592.59 |
3.7 USDT/token |
XEX Held: more than 10,000XEX (all with a lock-up) General users・VIP Members |
※ Please note the sales schedule after Phase 2 may be subject to change.
【Where will the Sale take place?】
CROSS exchange Launchpad (IEO Platform)
7/20 OPEN
We look forward to your participation!!
CROSS exchange Team