Thank you for always using CROSS exchange.
Through the CROSS exchange XCR IEO and private sales of XCR, CROSS management was able to raise 104,751,853 XEX.
From that, 69,843,572 XEX was raised in the “General Sales Phase 1” and was locked up into the “Premium 90” Revenue Sharing Plan on 9/2.
The remaining 34,908,281 XEX from the “General Sales Phase 2” will be locked up after the distribution of XCR sold in Phase 2. (scheduled for lock-up on September 3rd)
The locked up XEX will not be sold as previously announced, but will remain locked and not be disbursed into the market. This means there is no price fluctuation due to the sale of XEX, and it plays a crucial role of XEX price stabilization.
In addition, the “XEX Private Fund” persistent buybacks from the market , which will gradually increase overtime, will also potentially have a positive effect on the price in the future.
【The XEX Private Fund Effect】
1. XEX Buyback effect
① Assets obtained from revenue Sharing of the XEX Private Fund will be used to buyback XEX from the trading board (platform liquidity will increase)
② The buyback of XEX will reduce the supply of XEX in the market (= The funds will lock-up and will not be available for the market)
③ As the value of 1 XEX increases, the price of XEX can be expected to appreciate（= it will be more difficult to acquire from the market)
④ With time, the Fund’s buybacks will increase, growing persistently (= coins distributed will be used for buyback as the XEX is held for the long-term)
2. XCR buyback and burning effect
① Using the assets obtained from revenue sharing in the XEX Private Fund, XCR will be bought from the trade board (= platform liquidity will increase)
② The supply of XCR will decrease due to the buyback and burning, increasing the (= from burning those tokens will never return to the market)
③ As the value of 1 XCR increases, the price of XCR can be expected to appreciate (= it will be more difficult to acquire from the market)
④ With time, the Fund’s buybacks will increase, growing persistently (= coins distributed will be used for buyback as the XEX is held for the long-term)
Future Plans
The timing of XEX and XCR buyback and burning from funds obtained from revenue sharing in the Private Fund will not be publicly announced as it may affect the market price, but will be announced after timing is considered.
The active history of the XEX Private Fund will be posted as needed from CROSS’s Official Page https://cross.technology. (scheduled for a later date)
Please look forward to this!
Thank you for your continued support.
※ XEX decimals are omitted