Thank you for always using CROSS exchange.
We would like to provide information on the schedule flow for the XEX buyback.
XEX Buyback Flow
1. CROSS exchange will perform system maintenance the day before the XEX buyback.
If you plan to apply XEX for the buyback that is outside of CROSS exchange, we recommend you deposit it into your CROSS exchange wallet.
* XEX held on Koindex can be bought back on Koindex.
5/11/2021 7:00 UTC for approximately 2 hours
Reason for Maintenance
Please note each function will be temporarily suspended in order to support the buyback of XEX, and some functions will be discontinued in preparation for future integration.
- Suspension of XEX deposits/withdrawals
- Suspension of XEX/USDT trading
- Removal of the Automatic Relock-up
- Removal of the Manual Lock
- Removal of QuickBUY
- Discontinuation of the XEX Converter
- Removal of the XEX/BTC pair
* After the XEX buyback USDT is granted, the Trade Board pair XEX/USDT and deposits/withdrawals of XEX will resume. (Sch. for June 4, 2021)
2. The following day, the XEX buyback application will start on an external website. The XEX buyback application website will be announced when it starts.
XEX Buyback Application Period
5/12/2021 12:00 UTC ~ 5/25/2021 11:59 UTC
* The start time may change depending on our system’s status. In that case, we will make a separate announcement.
You can revise the amount applied during the period. At the end of the application period, the amount applied will be finalized. Please note we cannot accept applied amount changes after the period ends.
All Locked XEX under 30, 60, & 90 days will be unlocked
All 30, 60 & 90 day locked XEX owned by users will automatically be unlocked and become free XEX during the buyback application period.
* Once the buyback application starts, you can apply with your XEX that is still locked for buyback on that website.
After XEX is unlocked, the XEX distribution rate will be 80%.
* Permanently Locked & Burned XEX is not applicable for the buyback and thus will NOT be unlocked. Permanently locked XEX will be exchanged for "Rights token". Burned XEX is eligible for swapping for XCR and Rights tokens. The exchange rate for the XEX swap is 0.005 USD.
XEX Buyback Rate
1 XEX = 0.003 USDT
3. USDT Distribution from Buyback
The USDT from the buyback will be distributed to your CROSS exchange wallet by 12:00 UTC on June 4, 2021.
We will announce details of the swap to XCR and the integration of CROSS exchange and Koindex separately, so thank you for your patience.
CROSS exchange Team