Thank you for always using CROSS exchange
We are pleased to announce that we will completely stop the mining function of XEX in aim to improve its value.
This means the scarcity of XEX will inevitably increase due to the fact that mining is completely stopped and new XEX cannot be further issued. This measure will be a major turning point for XEX.
<XEX Mining Stoppage Date>
8/24/2020 6 UTC〜
* In CROSS exchange news, the CEO told us mining will be stopped on August 17th, but we apologize for this revised announcement.
Long-term maintenance is required when XEX mining is stopped. In the current situation where deposits and withdrawals from CROSS exchange are increasing, we decided that it is not appropriate to stop the function including long-term deposits and withdrawals, thus we have decided to make this revision.
The maintenance on August 24th will take about 2-3 hours.
<About unissued XEX>
Unissued XEX will not be issued in the future. We will announce later this month when we burn them.
<Users utilizing Premium ∞ Lock-up>
Users who own Premium XEX will be granted a fund bonus (2.5% of XEX held by the Fund which is proportionally distributed to Premium ∞ Lock holders) during early September as scheduled.
*As stated in the previous notice, this fund bonus will be the last due to the stoppage of mining.
<How to acquire XEX going forward>
After mining is stopped, no new XEX will be issued, so the only way to get XEX is by purchasing it from the trade board (including QuickBUY).
<Trade Modes going forward>
Trade Mining Mode will not be available for trading after mining is stopped.
The above will be the only trading modes available.
<Revenue Sharing going forward>
CROSS exchange distributions will continue to be distributed to XEX holders.
Thank you for your continued support.