XCR Listing Time Revision Notice

We would like to send our thoughts and prayers out to those affected by the coronavirus, which is rampant worldwide. In addition, we would like to thank the healthcare professionals who have responded during these unfortunate circumstances.

Even in Azerbaijan where CROSS is headquartered, the coronavirus has forced us to switch over to working from home due to restrictions of going outside. We are trying our best to avoid hindering user transaction abilities.

Due to the decline in the stock markets, which has had a correlating effect on the cryptocurrency market, liquidation of capital investments has accelerated while the price of BTC has fallen by more than 30% over the past month, leading to future market uncertainty.

The real economy has receded and all assets, including foreign exchange, equities, and commodity products, have fallen in value, as data has shown global GDP could possibly fall into negative growth during this half century.

This is also the case with cryptocurrencies, where BTC, before its Halvening event, has fallen sharply with no upward trend visible quite yet.

Under such circumstances, we have been discussing the timing of listing XCR for over a month.

As a result, we will inform the holders that we have reached the following conclusion.

As concluded,

listing in the current market environment, where economic damage is expected to be larger than during the 2008 economic downturn, should be considered a tentative measure, as it could lead to a disadvantage for investors.

However,

XCR has increased its value in unlisted markets.

The ONECARD going on sale as of yesterday has an XCR deposit function implemented as an XCR use case.

As a result, the value of XCR has increased to about $0.1, approximately 4x that of the first phase of the XCR Private Sale (equivalent to $0.025).

Additional XCR functions for the future,

XCR token issuing function

is planned.

By maximizing the benefits that users gain from holding XCR, we will gradually increase the value per XCR.

The essence of CROSS (XCR) is to build a platform for exchanging value of digital assets.

The option of listing exists as a way to exchange XCR for other digital assets (in many cases for BTC).

However, in the current cryptocurrency market, the value of tokens is weighted by the prices on exchanges, and it is viewed that price drops = value drops.

The intrinsic value of XCR is to make everything in the world a digital asset with the technology of CROSS, and to make the exchange of value ​​(transactions) with digital assets existing in the world seamless.

The resulting transaction volume increases the value of XCR.

In other words,

the intrinsic value of XCR should not merely consist of a basic price (traded price) of a trade by traders on a myriad of exchanges around the world.

However, listing on exchanges is indispensable for explosively increasing the number of XCR holders and ensuring liquidity.

With this in mind,

we will take advantage of this unlisted period to enhance XCR’s feature implementation and increase its value from within the platform.

The listing date of XCR will be set by the end of 2020. While observing market trends, we will determine the listing schedule by monitoring the balance of market conditions with the enhancement of XCR value.

Until then, we will release products related to XCR and assimilate users.

Features released in the future as described above,

XCR token issuing function

will be released.

We sincerely apologize to those looking forward to the listing of XCR.

Thank you for your continued support for CROSS (XCR).