Thank you for always using CROSS exchange.
Let us inform you about a new measure having great benefits for XEX holders.
What is the 【XEX Legacy Holder System】?
CROSS exchange gives preferential treatment to customers who hold XEX for a long time. Among them, a long-term XEX holder can be treated as a “XEX Legacy Holder” (long-term holders) who can enjoy greater advantages. Let us introduce the XEX Legacy Holder System.
XEX Legacy Holders get their rights with a Premium ♾ lock.
＜Introduction of the Premium ♾ Background＞
Until now, we have received the following opinions from many XEX holders.
・Existing distribution rate: We want a higher distribution of 80% or more
・We want a permanent lock plan
In particular, the “♾ Lock Plan” is a plan that has received many requests from many long-term XEX holders who place importance on revenue distributions because it may be advantageous for tax purposes depending on the country. (please consult with your local tax advisor with matters related to taxes.)
※ See here for details on the Premium ♾ Lock →85% Distribution Rate! A Plan with Benefits Like no Other… What is this XEX “Premium ∞”?
＜XEX Legacy Holder Applicable Customers＞
Customers with more than 1,000,000 XEX locked in Premium ♾
＜XEX Legacy Holder Benefits＞
① Every quarter, you can receive 2.5% of the XEX held by CX Funds in proportion to the amount you have locked under Premium ♾.
(applies only to XEX Legacy Holders)
※ Ex: 8/28/2019 CX Fund’s XEX Held Quanitity: ~527 million XEX
・After promotions begin, if there are 10 XEX Legacy Holders in total
(Breakdown)
① 5 users lock 1,000,000 XEX under Premium ♾
② 3 users lock 2,000,000 XEX under Premium ♾
③ 2 users lock 3,000,000 XEX under Premium ♾
Under the above conditions, assume that the number of XEX held by the fund increased by 80 million at the time of bonus distribution during November, and the number of XEX held = 600 million.
1. The total quantity of XEX Legacy Holders have locked under Premium ♾ is 17 million. (① + ② + ③)
2. If the distribution in November is 2.5%, the bonus distribution will be 15 million XEX as it is 2.5% of 600 million XEX.
3. This 15 million XEX will be proportionally distributed according to the number of XEX Legacy Holders who have qualified under the Premium ♾.
4. Formula:
15,000,000 XEX / 17,000,000 (①＋②＋③) ＝0.88235294 XEX / 1 permanently locked XEX
5. Bonus Amount:
Bonuses based on the amount of XEX held by each XEX Legacy Holder locked with Premium ♾ are as follows.
① 1,000,000 XEX * 0.88235294 =882,352.941 XEX
② 2,000,000 XEX * 0.88235294 = 1,764,705.88 XEX
③ 3,000,000 XEX * 0.88235294 = 2,647,058.82 XEX
The above is a simulation, but premiums over 1 million XEX (approximately $100,000 at the rate as of 8/28), which is a condition of the XEX Legacy Holder, are required for users who lock their coins under the Premium ♾. It is unlikely that many will participate in the event, so it is expected that a large bonus of XEX will be distributed to the participants.
※ XEX Legacy Holders will receive CX Fund Bonuses from their permanent lock and a XEX Legacy Holder Bonus in duplicate.
② XEX Legacy Holder Limited Online Concierge Desk
XEX Legacy Holders will have a dedicated staff (concierge). When situations arise, we will provide individual email support.
In addition, special information may be available from the concierge desk.
As such, XEX Legacy Holders will be provided services that give priority to benefits and merits for various events.
We hope you look forward to the XEX Legacy Holder System.
Thank you for your continued support.