Dear CROSS exchange users,
thank you for your continued support.
For the XCR IEO, additional details on sale have been provided.
【Overall XCR Super Node Summary】
Up to 100 XCR Super Nodes are allocated worldwide, and only 20% of the following holders who have acquired Super Node rights by participating in the IEO can receive a 20% revenue share from XEX Private Fund.
① CROSS exchange Super Nodes Sales Amount: 10 Slots
② XCR Private Sale Participants: Applications accepted at the start of the sale ※ Estimated to be 10-20 slots
③CROSS exchange additional sales: if there are additional sales ※ Assumed to be around 10 more slots
【Max Number of Applications】
1 Person, 1 Slot
【For users corresponding to ① above】
The sale will be on a First Come, First Served basis.
【For users corresponding to ② above】
Of the 100 XCR Super Node slots, up to 90 other than the main sale from 9/2,
CROSS will sell globally, but if you are a 2,857,142 XCR holder and apply for over $100,000 in the XCR private sale, you will be given priority allocation.
※ The Super Node purchase rate for 2018 Private Sale participants
1XCR = $ 0.035 equivalent XCR Super Node($100,000 = 2,857,142 XCR
If you would like to purchase Super Node rights for 2,857,142 XCR buyers with over $100,000 in the XCR Private Sale, please apply below.
For applicable persons ② above →XCR super node
※ Please make sure that your email address is correct. If the information is incorrect, the application will not be accepted.
※ Application Period: Until 9/6 3:59 UTC
【For users corresponding to ③ above】
When additional sales of XCR Super Nodes are assigned by CROSS exchange.
Purchasers who purchase over $100,000 of XCR at the IEO general sale to be held from August 26th will be assigned purchase rights for an additional XCR Super Node sale.
(Apply from the form below and assigned by users with a large amount of XCR purchased in the general IEO sale)
For applicable persons ③ above → Application Form
※ Application Period: Until 9/6 3:59 UTC
【Correspondence to applicable XCR Super Nodes】
After all XCR sales, the tokens sold will be counted.
Applicants for XCR Super Nodes must stake XCR to CROSS exchange and receive the same number of XCRS as XCR. (this is conducted and distributed automatically for applicants)
XCR, for which the quantity for the entire XCR Super Node has been determined, are transferred from the fresh address where the XCR was issued to a new address dedicated to the Super Node. The amount of XCR possessed of the entire XCR Super Node can be confirmed by anyone with that address. The same number of XCRS issued as XCRS staked to the XCR Super Node are issued, and the user can see the quantity of XCR and XCRS is the same, that meaning, XCR and XCRS are pegged to each other. Users will be able to verify the number of XCRS of each XCR Super Node in the CROSS exchange wallet.
【Rules for the Staking Interest Rate Distribution by the XEX Private Fund to XCR Super Nodes】
XCR Super Node holders can stake XCR on CROSS exchange, so that up to 20% of the XEX Private Fund's revenue share can be received as the staking interest rate from CROSS exchange.
When you stake your XCR on CROSS exchange, the same number of XCRS as the staked XCR will be awarded on CROSS exchange. The value and quantity of XCRS is pegged to XCR.
At the end of XCR staking, the rights will expire when up to 5% of the holdings are sold to a third party through the RMT exchange and when holdings dip below 80% within 30 days. In addition, XCR Super Node rights will be suspended if the holdings amount falls below 80%. To acquire revoked Super Node rights again, it is necessary to acquire more XCRS than the initially held amount. The staking interest rate varies each time depending on the number of XCR Super Nodes.
The distributions of staking interest rates is scheduled to occur at least once a month, with the first scheduled for October 1st. The distribution method of staking interest will be announced by September 25 with the announcement being made at CROSSexchange. XCR Super Node applicants will agree to the application based on these base conditions.
* The XCR Super Node sale held from 9/2 will automatically stake your XCR and credit the user with XCRS.
If you have any questions regarding the details above, please contact CROSS exchange Customer Support.
Thank you for your continued support.