Thank you for always using CROSS exchange.
Regarding Premium ∞ & XEX Legacy Holders, the release time due to these specification revisions is as follows:
・Initial schedule: Early September
・Post revision: End of September 〜 Early October
＜Reason for Postponement＞
Unlike previous lock plans, Premium ∞ has the characteristic of abandoning sales of XEX. For this reason, we did plan something productive for each user, but we eventually decided to revise the specifications so that more users can take part.
【Specifications of Premium ∞】
Premium ∞ is different from previous lock systems due to its characteristics.
＜Characteristics of plans until now＞
Previous Revenue Sharing Plans "Premium 30-90" locked XEX to provide incentives or participate in revenue sharing according to the plan selected.
・Premium 30: Lock Period 30 days Distribution Rate 40％ Bonus: 5% of locked XEX
・Premium 60: Lock Period 60 days Distribution Rate 60％ Bonus: 10% of locked XEX
・Premium 90: Lock Period 90 days Distribution Rate 80％ Bonus: 20% of locked XEX
＜New Implementation: About Premium ∞＞
The feature of the new Premium ♾ is that it does not lock up XEX, but immediately burns it.
＜Specifications of Premium ♾＞
Premium ∞: Immediate Burning of XEX (not a lock-up) Distribution Rate 85% Bonus: 40% of XEX applied for
For example, 10,000 XEX is burned → First the bonus is added increasing the total to 14,000 XEX, resulting in a total of 14,000 XEX being burned.
＜Wallet Display Image＞
Burned XEX will be displayed as “Burned XEX” in the Wallet balance.
Unlike previous lock plans, Premium ∞ will give up all XEX applied to Premium ∞ (immediately after applying) due to the characteristics of abandoning sales.
＜Benefits of Premium ♾＞
In Premium ∞, by conducting an “Immediate BURN”, the number of XEX issued is reduced with the scarcity of XEX increased. This can benefit all XEX holders.
Premium ∞ will earn 40% XEX as a bonus at the time of application, and will also BURN the bonus.
By conducting a BURN and contributing to the value of XEX, the distributions will be paid out at a rate of 85% with respect to the “quantity BURNed”.
In other words, the previous lock plans “contributed to maintaining the value of XEX by locking XEX” and received revenue distributions, but Premium ∞ “contributes to the enhancement of XEX value through BURNing” providing a higher distribution share.
＜About granting XEX bonuses from funds＞
Period: once a quarter, distributed from the CX Fund
・2.5% of XEX BURNed under Premium ∞
・2.5% of the XEX BURNed by XEX Legacy Holders
The above XEX will be granted, but when this XEX is also distributed, it will be immediately BURNed and added to the XEX Burned Amount in the Wallet balance.
This XEX will be distributed as non-sellable XEX (80% distribution rate).
Also, XEX that cannot be sold can be BURNed. In that case, the distribution rate will increase to 85%. BURNed XEX is added to the total burned XEX in the Wallet balance. (in this case, 40% bonus of Premium ∞ will not be granted)
※ XEX bonuses paid from the Fund will last until the end of XEX mining.
【About XEX Legacy Holders】
Conditions of Legacy Holders is to have more than 1,000,000 XEX applied for Premium ∞. Basically, this means it is necessary to BURN more than 1 million XEX to qualify.
◎ Reference Link → About the Introduction of a New System【XEX Legacy Holder】
Details will be announced at a later date.
We apologize to users who are looking forward to the release, but ask for your patience. We truly thank you for your continued support.
CROSS exchange Team