CROSS exchange's new function “Premium ∞” is a function to give preferential treatment to users who hold XEX for a long time. By selecting the Premium ∞ button, it is a mechanism that allows you to earn a large amount of distributions with ease and rarity.
If you plan on holding XEX for a long time, please try it out.
【Implementation Process】
Until now, we have received the following opinions from many XEX holders:
・We want an ♾ (Infinity) Lock Plan
・Available Distribution Rates: we want a distribution rate higher than 80%
In particular, the “♾ Lock Plan” is a plan that has received many requests from many long-term XEX holders who place importance on distributions, as it may be advantageous for tax purposes depending on a user’s country. (please consult with you local tax advisors regarding tax implications.)
About 【Premium ∞】
＜Setting Method＞
Revenue Sharing Plan
From the Global Menu, Revenue Sharing Plans select the “Premium ∞” and set the amount of XEX.
＜Rewards Rate when Locked＞
140%
＜Distribution Rate from Revenue Sharing＞
85%
＜Benefits not found in Standard Lock Plans＞
Every quarter, 2.5% of the XEX held by the CX Fund will be prorated and distributed proportionally to the amount of XEX locked under Premium ∞ only for Premium ∞ Users.
＜Bonus Calculation Method＞
※ Ex: 8/28/2019 Current CX Fund XEX held amount: ~527 million XEX
Based on the above scenario,
・When distributing the November bonus, the number of XEX held by the fund increases by 80 million to ~600 million
・while the amount of locked XEX with Premium ∞ button = 30 million overall
Assume the above points for this example:
1. November Bonus Resources: 2.5% of 600M = 15M XEX
2. 15M XEX will be proportionally distributed based on the amount locked under Premium ∞
3. Premium ∞ Locked XEX Bonus calculation per coin:
15M XEX / 30M (Overall Premium ∞ Locked amount)＝0.5 XEX per Premium ∞ Locked XEX
4. Calculation for if 500,000 XEX was locked under Premium ∞
500K * 0.5 (Distribution amount per Premium ∞ Lock) = 250K coins
In the above example, 250,000 coins will be distributed from the CX Fund. (bonus distribution from CX Fund is once every 3 months)
Premium ∞ specializes in revenue sharing, which is one of the important XEX values which will continue to be held without being sold. Perhaps there are fewer Premium ∞ users compared to standard lock-up plans, thus Premium ∞ users are expected to receive larger XEX bonuses from the CX Fund.
Please take advantage of the CROSS exchange new function “Premium ∞”!
Thank you for your continued support.