Thank you for always using CROSS exchange.
“Premium ∞”, which was postponed until now, will finally be released.
Premium ∞ is different from previous lock systems due to its characteristics.
■ Previous Plans
The existing “Premium 30〜90” allows users to locke their XEX and receive XEX incentives (special compensation) and receive revenue sharing according to the plan selected.
・Premium 30: Lock Period 30 days Distribution Rate 40% Bonus: 5% of XEX locked
・Premium 60: Lock Period 60 days Distribution Rate 60% Bonus: 10% of XEX locked
・Premium 90: Lock Period 90 days Distribution Rate 80% Bonus: 30% of XEX locked
■ New Feature: Premium ∞
The new function “Premium ∞” is a plan that does not lock user’s XEX, but immediately burns XEX providing higher distributions.
・Premium ∞: Immediate BURN Distribution Rate 85% Bonus: 40% of XEX Burned
＜Premium Comparison Chart＞
|
Lock Period |
Distribution Rate |
XEX Bonus |
|
|
Premium 30 |
30日 |
40% |
5% of XEX locked |
|
Premium 60 |
60日 |
60% |
10% of XEX locked |
|
Premium 90 |
90日 |
80% |
30% of XEX locked |
|
Premium ∞ |
Immediate BURN |
85% |
40% of XEX locked |
New Revenue Sharing Plan
↑ The new “Premium ∞” Revenue Sharing Plan has been added on the far left side.
With Premium ∞, users can lock free and locked XEX
＜Example of Free XEX＞
If you burn 10,000 XEX (free) → Bonus will be added totaling 14,000 XEX → Total of 14,000 XEX is burned, providing the user with a Distribution Rate of 85% for the burned amount
＜Example of Locked-up XEX＞
A user has locked their XEX in a 90 day Revenue Sharing Plan and their bonus has been added providing the user with 13,000 XEX in total
↑ Looking at the “Locked XEX List”, the sourced 10,000 XEX and the bonus of 3,000 XEX are displayed separately.
↑ If you look at “Burn Currently Locked XEX”, the funds and bonuses are separated allowing users to select and burn each one separately.
As mentioned above, if the 30% bonus has already been granted, it will be deducted from the 40% Premium ∞ bonus and burned providing a 10% XEX bonus.
＜Calculation Method＞
In the case of a 90 Day lock with 30% bonus
(140% / 130% - 1) ＝ 7.69% will be granted as Premium ∞ and burned.
※ If 90-day Locked XEX is acquired through a campaign and is burned, the net difference will be 7.69%.
How to verify the quantity of XEX burned
↑ The quantity of XEX burned will be displayed as “Burned XEX Quantity” in the user’s wallet balance
■ About Premium ∞
① BURN
Premium ∞ differs from previous lock plans, and due to the property of abandoning a future sale of the XEX, all XEX applied to Premium ∞ will be Burned. (it is executed immediately upon application).
② Benefits for all XEX Holders
Premium ∞ executes an immediate Burning, which reduces the total supply thus increasing the scarcity of XEX, so all XEX holders can enjoy the benefits.
③ Burned after receiving bonus
Premium ∞ provides a 40% XEX bonus at the time of application while also burning the bonus amount.
＜Burned Quantity＞
(for Free XEX) Applied XEX Quantity + 40% XEX Bonus
(for locked XEX) If there is a bonus at the time of lockup, it is adjusted to 140% in total taking into consideration the bonus at the time of lockup.
④ High Distributions can be earned while contributing to the value of XEX
If you use Premium ∞, distributions will be paid based on the amount of XEX like other plans, but with Premium ∞ users can receive a higher revenue share due to the increased contribution value of XEX. (Distribution rate of 85% with respect to the quantity Burned)
■ How to use Premium ∞
Example: If you apply with 1,000 XEX under Premium ∞, 1,400 XEX will be Burned and will appear under the user’s BURN history.1,400 XEX will be added.
① Click on “Burn it” from Premium ∞
② Agree to the terms by checking the checkbox and clicking on "Confirm".
“Enter the Quantity”
③ Enter the “Burn Quantity” under the Premium ∞ Plan, then click on “Burn it”
④ After burning the XEX, you can confirm the transaction to the public address from the Burn history in your wallet balance.
Click on Burn History
XEX Burn History
※ This is displayed here when a burning is completed and a transaction ID is generated.
＜About XEX Bonus from the Fund＞
For those who use Premium ∞, quarterly distributions of "2.5% of XEX held by the CX Fund will proactively be allocated by Premium ∞ users according to the amount of XEX utilized.”
When this XEX is distributed, an immediate Burning will take place and be added to the XEX burned quantity of a user's wallet balance.※ XEX bonuses provided by the Fund will last until the end of mining.
＜About XEX Legacy Holders＞
The release date will be announced on a future date. Thank you for your patience.
Premium ∞ is a plan that specializes in revenue sharing, which is one of the most important values of XEX values. Perhaps there are fewer Premium ∞ users than normal lock-up plans, so Premium ∞ users are expected to receive a large amount of XEX bonuses from the CX Fund.
Please try out the new CROSS exchange feature “Premium ∞”.