Thank you for always using CROSS exchange.
Finally, a new trading system for CROSS exchange will be starting! This allows customers to easily and conveniently use the "Three transaction modes".
The “new transaction fee-return system (Reward Mode)” is a revolutionary mechanism that allows you to pay transaction fees in XEX and obtain crypto assets (cryptocurrencies) such as BTC, in amounts exceeding the transaction fees paid. The mode providing returned transaction fees is different from the standard Trade Mining mode.
New System release date: 2/19/2020
＜Customer Request＞
System maintenance will be included with the new system release on February 19th. At that time, all orders on the platform will be automatically canceled. Please execute or cancel your order by then if you so choose.
※ The "Auto Mining" set before maintenance will be completed after maintenance has finished.
Explanation of 3 Trading Modes
① Trade Mining Mode
The current mining system (Automatic Mining & Manual Mining)
＜Trading Fees＞
Users can pay 0.1% of the transaction amount and receive XEX in the same amount or more (depending on the plan selected) as a reward.
※ Daily Mining Limit: Max of 48,000 XEX
＜Targeted Persons＞
Those wanting to continue mining XEX as before
＜Notes＞
・ Two Mining Methods: Automatic Mining (temporarily suspended) & Manual Mining
・ Owning mined XEX still allows you to receive up to 80% of CROSS exchange revenue
② Standard Trading Mode
Standard trading. Buy and sell coins on the trading platform.
＜Trading Fees＞
Main Board
Maker Order: 0.05% Taker Order: 0.09%
Innovation Board
Sell Maker 0.1% Taker 0.1%
Buy Maker 0% Taker 0% (no trade fees)
＜Targeted Persons＞
Those who want lower trading fees than other exchanges
＜Notes＞
・ Revenues earned from transaction fees are allocated to the revenue distribution of XEX holders
・ Our trading fees will be the lowest in the world
※ There is no implementation of Reward Mode on the Innovation Board.
③ Reward Mode
New commission return system "Pay XEX with commissions and receive cryptocurrency"
＜Trading Fees＞
・ 0.02% of the trade amount paid in free XEX
・ 0.03% of the trade amount earned in BTC or other cryptocurrencies
Example: Pay a 0.02% commission fee in XEX, but the user gets back 0.03% in the traded cryptocurrency (BTC, USDT, ETH, XRP, etc.)
＜Targeted Persons＞
Those who want to pay trading fees in XEX and earn commissions in cryptocurrency such as BTC
※ Reward Mode can also be used with "Margin Trading".
【Detailed Table of Trading Fees】
Main Board
|
① Trade Mining Mode |
② Standard Trading Mode |
③ Reward Mode |
|
|
Maker |
0.1% |
0.05% |
−0.03%
(0.02% paid in XEX) |
|
Taker |
0.1% |
0.09% |
N/A |
Innovation Board
|
①Trade Mining Mode |
②Standard Trading Mode |
|
|
Maker |
Buy 0% Sell 0.2% |
Buy 0% Sell 0.1% |
|
Taker |
Buy 0% Sell 0.2% |
Buy 0% Sell 0.1% |
＜Terms Explained＞
※Maker Order: Orders placed on the trade board providing liquidity.
※Taker Order: An order to execute a Maker order.
Maker orders are generally orders that are not filled immediately after placing the order, but are placed on the trade board. This is almost synonymous with a limit order, but a limit order is not always a Maker order. If the market price heavily fluctuates, there will be a time lag before the order is reflected on the board, and it may not end up as a Maker order.
Taker orders are generally filled immediately after placing the order. (All market orders are Taker orders)
※ Maker and Taker orders can be reliably determined when the order is executed.
Sample Screenshot of the 3 Trading Modes
↑ Users can choose from the three trading modes (Trade Mining Mode, Standard Trading Mode, Reward Mode) according to their trading style and preference.
※If you change the trading mode after placing an order, the setting of the trading mode at the time of execution will apply.
【Important】 The "Auto Mining" from our previous trading model will be replaced with "Reward Mode". Therefore, automatic mining will be halted after 2/19. (we will inform you in advance when automatic mining will restart.)→Auto Mining Suspended & Manual Mining Limits Revised Notice
CROSS exchange will continuously strive to enhance services based on customer needs.
Thank you for your continued support.