This is a notice regarding the Telegram GRAM token IEO sales schedule.
* As announced on July 19th, this GRAM token sale has suffered a significant drop in sales prices for customers due to the cost burden being shifted to the CROSS exchange team. Therefore, we have made it easier to participate in this IEO.
＜GRAM token sale price change!＞
Phase 1 Sales Price 3.2 USDT (VIP realized price of 3.0 USDT) → 1.7 USDT (VIP realized price of 1.5 USDT)
Phase 2 Sales Price 3.2 USDT → 1.7 USDT
Phase 3 Sales Price 3.7 USDT → 2.0 USDT
【Basic Information】
① Sales Quantity: 277,777.77 GRAM
② Sales Price: 1.7 〜 2.0 USDT
※ A realized price of 1.5 USDT for VIP Members only
③ Purchasing Currency: XEX
・XEX prices are based on USDT and XEX market rates one hour before the IEO begins.
④ Minimum Purchase Requirement: 10,000 XEX
⑤ Maximum Purchase Limit: None (Only Phase 3, a max limit of 600,000 XEX)
※ In this IEO, the amount of applied purchases can exceed the actual available for sale. However, if it exceeds the total available for sale, the purchased amount will be prorated according to the quantity applied for.
＜XEX returned for the amount that was not able to purchase Gram during the IEO＞
・Phase 1: After Phase 1 ends, distribution will occur before the start of Phase 2
・Phase 2 & 3: within three (3) days after the IEO ends
【IEO Participation Conditions】
・XEX Quantity held by user: 10,000 XEX (with a lock-up)
※ Lock Period: 90, 60,or 30 days all eligible
※ The 10,000 XEX (with a lock-up) entry condition cannot be used towards purchasing during the IEO.
【How to Purchase】
The sales period is conducted in three phases. Please note that the participation conditions differ for each phase.
＜Phases 1 〜 3 to be held＞
Phase 1: 7/20 4:00 ~ 7/22 3:59 UTC
Phase 2: 7/23 4:00 ~ 7/25 3:59 UTC
Phase 3: 7/25 6:00 ~ 7/27 5:59 UTC
＜Qualifications＞
・General users can participate only in Phases 1 and 3
・VIP members can participate during all phases (Phases 1, 2, & 3)
※ A VIP Member is a user who has 200,000 or more XEX locked up on CROSS exchange. VIP certification will automatically be applied as soon as the IEO is held and when more than 200,000 XEX (with a lock-up) can be confirmed in a user’s wallet. However, if a user’s purchase status of GRAM falls below 200,000 locked XEX, VIP qualification will be lost immediately at that time.
●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 (Proportional allocation in case of excess demand)
⑤ Eligibility: General users and VIP Members
⑥ Purchasing Currency
・XEX (with no lock-up)
※ You are not eligible for purchase unless you have 10,000 XEX (without a lock-up) in your wallet at the time of participation.
⑦ Sales Price: 1.7 USDT (VIP Members: realized price of 1.5 USDT)
＜Point＞
① For VIP Members, "0.2 USDT" XEX (with a 90 day lock-up) will be cashed back per purchased GRAM.
・XEX Cash Back Period: After Phase 1
・【Calculation Formula】 VIP cashback quantity = GRAM purchased with XEX x (1 - 1.5 ÷ 1.7)
② VIP certification is for customers who have 200,000 or more XEX (with a lock-up) in their wallet. Conditions are met as soon as 200,000 XEX is locked.
③ After participation in Phase 1, the portion of your XEX that was not able to purchase GRAM because of proportional distribution, will be converted with a "90 day lock-up + a 25% bonus," which applies for purchasing again in Phase 2 and Phase 3. (Timing of returned XEX: after Phase 1)
●Phase 2 (2 days)
① Period: 7/23/2019 4:00 〜 7/25 3:59 (UTC)
② Sales Quantity: 92,592.59 GRAM
③ Minimum Purchase Requirement: 10,000 XEX
④ Maximum Purchase Limit: None (Proportional allocation in case of excess demand)
⑤ Eligibility VIP Members only
⑥ Purchase 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.
⑦ Sales Price: 1.7 USDT
※ The XEX (with a 90 day lock-up plus 25% bonus) from user wallets for which GRAM was not able to purchase due to proportional distribution in Phase 2 will be returned after the completion of Phase 3. It is not possible to use XEX allocated to purchase during Phase 2 for Phase 3.
●Phase 3 (2 days)
① Period: 7/25/2019 6:00 ~ 7/27/2019 5:59 (UTC)
② Sales Quantity: 92,592.59 GRAM
③ Minimum Purchase Requirement: 10,000 XEX
④ Maximum Purchase Limit: 600,000 XEX (Proportional allocation in case of excess demand)
⑤ Eligibility: General users and VIP Members
⑥ 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.
※ If you apply for purchase with over 600,000 XEX, you will not be able to purchase more than 600,000 XEX.
⑥ Sales Price: 2.0 USDT
＜Sales Schedule＞
|
Period |
Time (UTC) |
Sales Quantity (GRAM) |
Sales Price |
Eligibility |
|
Phase 1 |
7/20 4:00~ 7/22 3:59 |
92,592.59 |
1.7 USDT / token (VIP Members realized price of 1.5USDT) |
XEX Held: 10,000 XEX or more (all locked-up) General users & VIP Members |
|
Phase 2 |
7/23 4:00~ 7/25 3:59 |
92,592.59 |
1.7 USDT / token |
VIP Members only |
|
Phase 3 |
7/25 6:00~ 7/27 5:59 |
92,592.59 |
2.0 USDT / token |
XEX Held: 10,000 XEX or more (all locked-up) General users & VIP Members |
【About the XGRAM Token Listing】
After the IEO ends, the GRAM token (XGRAM) will be listed on the CROSS exchange platform.
We are selling GRAM tokens in Phases 1 ~ 3 in this initial stage, but since the price has dropped quite considerably, it has been purchased by a large number of users. (The distribution of XGRAM will be reflected in your wallet within 3 days after the end of the IEO.)
The listing date of XGRAM will be determined based on the status of this IEO. After the listing, XGRAM will be able to trade freely on the CROSS exchange platform, so we hope as many users as possible will own XGRAM.
＜Other Notes＞
1. GRAM purchases are application based
This IEO is an application based system. You can apply for purchase at ease anytime during the period. (However, you cannot cancel once you apply.)
2. About application quantity
In Phase 2 and Phase 3, it is possible to apply for more than the amount of XEX held. However, at the end of each phase, the following formula；
"Payable XEX quantity ≥ XEX quantity to pay at the end of the current phase"
the situation must be met. If this is not met, you will be considered as not participating in the IEO.
3. About confirmation of purchase quantity
During each phase, if there is more user purchase demand than available sales quantity, the total amount will be prorated. In the case of Phase 1, which is prorated after Phase 1 ends, Phase 2 & 3 will be finalized after the end of the entire IEO.
4. Participating in each phase will give you a potential large XEX bonus
If there is an application exceeding the sales volume (92,592.59 GRAM) assigned to each phase, we will return the XEX not used for purchase to your wallet with a "90 day lock + 25% bonus" after proportional distribution.
If you participate in Phase 2 or Phase 3 using this "Phase 1 returned XEX", an additional 25% bonus will be added to the returned XEX. This is a great benefit for you users!
5. About the order of XEX used for the GRAM purchase
The order of XEX used for GRAM purchase in Phase 2 and Phase 3 is "XEX without a lock-up" first, then XEX with the closest unlocking date regardless of the lock period (30/60/90 days) will be preferentially applied.
Example: When purchasing GRAM tokens with the following three types of XEX
① XEX without a lock-up
② XEX with a lock-up: 30 days (unlocking date 7/18)
③ XEX with a lock-up: 90 days (unlocking date 7/20)
Applied in the following order:
① → ② → ③
【Where is it sold?】Currently Ongoing!
→ CROSS exchange Launchpad (IEO Platform)