Thank you for always using CROSS exchange.
Thanks to you all, the world's first cryptocurrency TOB has been successfully completed.
At CROSS exchange, the purchase price, purchase period, sales conditions, etc. were shown to users in advance, and it was announced to users who wish to sell their XEX that a bulk purchase would be made outside the market. As such, we are reporting today the purchase has been completed as scheduled.
※In our TOB (Take Over Bid), the CROSS exchange fund (CX fund) purchases issued XEX coins from XEX holders at a fixed price.
TOB Offer Price
1 XEX = 0.10 USDT
TOB Application Period
10/17/2019 (THU) 〜 11/8/2019 (FRI) 3:59 UTC
Valid XEX Application Quantity During the Period
XEX Quantity Purchased
For the TOB, the total TOB applications exceeded the purchase funds, thus the quantity of purchases made by the TOB was determined for each user’s application.
・The portion of XEX quantity not purchased during the TOB will be returned to your wallet as unlocked “Free XEX”. In that case, “90-day locked XEX” of 30% of the quantity will be additionally provided.
・XEX that is returned without being purchased from the TOB due to proportional distribution (unlocked XEX principal amount and XEX bonus with a 90-day lock) will not be returned in one lump-sum payment, but will be returned daily divided over 30 days. After the TOB application period, the first day of return will begin within one week. (Return date: November 11, 2019)
CROSS exchange will comprehensively judge the results of this TOB, and will continue to carry out TOB’s periodically in the future at prices of “1 XEX = $0.10 or more”.
The XEX price is expected to be stabilized through improving its value via implementation of the TOB, so users will be able to hold XEX with a greater peace of mind enjoying profits and daily distributions.
CROSS exchange will continuously strive to provide better services to users.
Thank you for your support.
CROSS exchange Team