Thank you for always using CROSS exchange. This is a notice from the CROSS exchange Fund.
We will report on the expansion of the CX community limit and future issuance of XEX bonuses.
The CX community uses XEX for marketing expenses to expand the project and is the source of fund distribution for bonuses, events, and campaigns.
XEX Quantity for the CX Community
・Before Revision: 500,000,000 coins
・Post Revision: 1,018,962,268.66 coins
For the increase of 518,962,268.66 coins, we contributed the following quantities from each slot:
・CX SYSTEM: 68,284,509.03 coins
・CX LAB: 68,284,509.03 coins
・CX FUND （unfrozen portion）: 109,255,214.46 coins
・TRADING BONUS: 273,138,036.14 coins
※ There will be no additional CX community slots in the future.
Strategy Moving Forward
For future XEX bonuses, we will make contributions from unissued trading bonuses, considering the supply of XEX in market circulation will not increase compared to the current structure.
＜How to verify the XEX Bonus consumption amount＞
On the CROSS exchange website under “Daily Report”, the progress status will be displayed as “Bonus Consumption Amount” on the other side of the cumulative mined amount.
(Daily Report screenshot on 10/19/2019)
By issuing XEX from the trading bonus slot in this revision, the remaining mining period will be accelerated. But with the introduction of the “New Mining System” implemented on September 25th, in theory the mining acceleration should be 30% slower (amount can change depending on the market).
As CROSS exchange, we will continue to take measures to reduce the market circulating supply of XEX, such as through purchasing XEX with the CX Fund and the XEX Private Fund (alias) while also featuring the infinite ∞ lock system.
We will continuously strive to improve our services for users.
Thank you for your continued support.