Thank you for always CROSS exchange.
As previously announced, CROSS exchange will suspend automatic mining on the following schedule and change the upper limit of manual mining as one of the measures to increase the value of XEX.
About Auto Mining suspension and Manual Mining Limit revision
Date: 2/19/2020
The timing for resuming automatic mining is undecided. ※A decision will be made based on market conditions.
＜Background of Automatic Mining suspension＞
As a result of conducting a questionnaire survey from CROSS exchange users, more than 84% of the respondents agreed to suspend automatic mining.
What is the positive market impact of a temporary suspension of Automatic Mining?
Temporarily suspending automatic mining is one of the measures taken to raise the XEX price.
1. By temporarily suspending automatic mining, XEX can be acquired only through XEX trading boards or through Manual Mining. We can expect transactions on XEX trading boards to increase.
2. Temporarily suspending Automatic Mining will stop the issuance of new XEX tokens.
3.It is expected that the reduction in the supply of newly issued XEX will reduce the dilution of distribution and will have a positive effect on the XEX price.
About Manual Mining limit Revision
・ With the suspension of automatic mining reducing the increase in supply of XEX,
the daily mining limit for manual mining will be reduced to half of the previous level.
＜Before Revision＞
1 Day Mining Limit: Max of 96,000 XEX
＜Post Revision＞
1 Day Mining Limit: Max of 48,000 XEX
Manual Mining Plans
Manual Mining Daily Upper Limit (XEX)
|
Mining 90 |
Mining 60 |
Mining 30 |
Mining 0 |
|
|
Before Revision |
96,000 |
72,000 |
57,600 |
48,000 |
|
Post Revision |
48,000 |
36,000 |
28,800 |
24,000 |
CROSS exchange will strive to provide the best services for its users.
Thank you for your continued support.