Thank you for always using CROSS exchange.
We would like to report on the August Fund Report and the XEX Fund Assets burning as scheduled.
【Fund Amount used in August】
360 BTC
1,800,000 USDT
【Burn Date】
9/2/2019 AM 6:06 (UTC)
【XEX Burned Quantity】
59,418,837.48 XEX
As reported by CROSS exchange, we conducted a buyback of XEX from the market using the Fund Assets and burned the full quantity so that they cannot be used forever. As a result, the total issued supply of XEX has decreased with the scarcity increasing.
【CROSS exchange Daily Report “Shared Holder Fund”】
Please verify the amount of funds burned (XEX) from the XEX holdings of the Fund Account. In addition to the previous amount burned being: 4,589,466.57 XEX, 59,418,837.48 XEX was burned and is displayed with a minus (-) sign. (Totaling: 64,008,304.053427 XEX)
You can also see that the XEX quantity burned is the same amount as the "XEX buyback quantity" from the buyback.
→CROSS exchange Shared Holder Fund
XEX Burning Details is can be verified on Etherscan below:
【Proof of Burning】
Time Stamp: Sep-02-2019 06:06:32 AM +UTC (Burn Date)
【Proof of reduction in total issued supply due to burning】
→Token ；CROSS exchange token
① XEX total supply before burning: 9,995,410,533.426573 XEX
② XEX total supply after burning: 9,935,991,695.946573 XEX
①ー② ＝ 59,418,837.48 XEX (burned quantity）
With the CROSS exchange Fund Program, we will continue to consistently use Fund Assets and take measures for everyone who holds XEX.
Thank you for your continued support.