Thank you dearly for always using CROSS exchange. The 2nd Stage is upon us.
This is a notice to inform you about the Telegram GRAM Token IEO (2nd Stage) starting on 8/1.
【Basic Information】
① Sales Quantity: 100,000 GRAM
② Sales Price: Phase 1: 1.8 USDT (VIP Members: realized price of 1.6 USDT)
Phase 2: 2.0 USDT
③ Purchase Currency: XEX
・The XEX price is based on USDT and XEX market rates one hour before the IEO starts.
④ Minimum Purchase Requirement: 10,000 XEX
⑤ Maximum Purchase Limit: None
If it exceeds the available supply, purchase amounts will be prorated according to application quantity.
⑥ About purchased GRAM: We will conduct immediate maintenance after the IEO ends. After maintenance, we will distribute GRAM and convert XEX that could not purchase GRAM due to proportional distribution.
＜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 purchase unless you have 10,000 XEX (without a lock) held in your wallet at the time of participation.
＜Supplemental Explanation＞
・For VIP members, "0.2USDT" XEX (with a 90 day lock-up) will be cashed back per purchased GRAM.
【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.
・ 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 that available sales quantity, purchases will be prorated. The token will be reflected in your wallet after maintenance, so please verify.
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".
※ Please note that those who participated with XEX with a lock-up will not receive the 25% bonus and it will be returned as "XEX with a 90 day lockup.”
・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
【Where to Buy?】
CROSS exchange Launchpad (IEO Platform)
→CROSS exchange Launchpad
2nd Stage is from 8/1 ~ 8/6. We look forward to your participation!!!
CROSS exchange Team