2019.08.22

Sales has Started for Key Currency, XCR Token

CROSSexchange has decided to hold a token sale of XCR as the next IEO (CROSSexchange LaunchPad).

Purpose of the XCR IEO

  • To increase the value of XCR and XEX

What is CROSS (XCR)?

CROSS

CROSS is a global project developing various digital asset exchange products including the exchange, CROSS exchange, for the coming digital asset & money society.

CROSS

The Value of CROSS (XCR)

To "provide a platform for exchanging all digital assets".


CROSS exchange, which launched on November 25, 2018 as the first product of CROSS,
in a blink of an eye, has grown to become one of the top cryptocurrency exchanges in the world, promoting the name of CROSS exchange and CROSS (XCR) globally gaining many users.

★CROSS (XCR) (CROSS Whitepaper)
★CROSS（XCR）website

About the XCR Token Sale

First Public Sale

At the time, the ICO offered a private sale only to "investors on a whitelist", so it was not available to general users.

CROSS (XCR) ended its private sale in early 2018, acquiring more than 30,000 token holders, and while there are many requests for additional sales, we had not made any additional token sales until now and made the XCR value a premium we have been working on.

Announcing 100,000,000 XEX Acquisition Target & Establishment of Private Fund

With this CROSS (XCR) IEO, CROSS, which operates CROSS exchange, will exchange value between XCR and XEX (up to 100 million XEX), and will establish a private XEX fund with the acquired XEX.

Usage of XEX Private Fund Assets

  • ⇒ 25％, Used for XEX buyback (mainly improvement of liquidity)
  • ⇒ 25%, Used for XCR burning and liquidity improvement
  • ⇒ 50％, Used for CROSS network development costs

XEX acquired by the XEX Private Fund will be 100% permanently locked up and will not ever be sold (including initial acquisition).

Impact on the market

CROSS
Buyback by Private Fund
The large-scale buyback of XEX for XCR will significantly reduce the market distribution volume of XEX. In addition, the XEX private fund will continue to purchase XEX, and it is expected the circulting supply of XEX will decrease further and thus increasing its future value.
CROSS
Burning from Transactions
Regarding XCR, it is expected the circulating supply will gradually decrease and scarcity will increase per token due to transactions by services developed by CROSS and purchases and burns by the XEX private fund.

Token Distribution Schedule

For users who purchased CROSS tokens from the CROSS exchange LaunchPad, your XCR will be reflected in your CROSS exchange wallet within 7 days after the end of the IEO.

Listing Schedule

The listing schedule of XCR is as follows:

September

Listing on RMT (Real Money Exchange)

Transactions by bilateral exchange

↓

November~December

Listing on multiple exchanges such as CROSS exchange

XCR Token Buyable Currency

  • XEX

* Regarding the XEX price; since large price fluctuations are expected by the day of sale, the price is based on the market rate 1 hour before the start of sales in each phase.

* Sales by XEX with lockup are not currently planned. We will carry this out only when it is possible to sell them depending on the supply situation.

Minimum Purchase Amount

  • 300 USDT worth of XEX

IEO Maximum Sales Amount

  • General sales: Up to 156,553,307 XCR
  • Supernode: Up to 14,285,714.3 XCR
    ⇒ 1 Supernode is about 100,000 USDT Max of 10 Accounts

※What is a CROSS (XCR) Supernode?

  • 1. Up to 20% of transaction rewards from the XEX Private Fund will be returned.
  • 2. Up to 20% of the transaction rewards created by XCR will be returned (by ONECARD, RMT, XEX private fund, etc.)
  • 3. You can obtain special rights for services that generate all transactions developed from CROSS (% increase in transactional returns).
  • 4. You can obtain access to a node right after the mainnet of XCR is released.

Schedule

General Sale

  • 1. 8/26 13:00 〜 8/28 12:59 VIP members exclusive
  • 2. 8/28 17:00 〜 8/30 21:00 VIP members & general users

Sales for Supernode

  • 1. 9/2 13:00 〜 9/4 12:59 VIP members exclusive
  • 2. 9/4 17:00 〜 9/6 12:59 VIP members & general users

* VIP members are users who have more than 200,000 locked XEX on CROSS exchange.

Sales Price

１XCR = 0.07～0.11 USD　 (depending on market conditions)

Maximum Purchase Amount

No lockup Maximum sales volume on XEX: None (some upper limit exists)

* If the total amount of sales is exceeded, it will be distributed proportionally according to the application quantity.

(Example of proportional distribution)

  • For example, when the sales limit of XCR is 138,888.88 XCR in the general sale, and the purchase application of 277,777.76 XCR is made by all the purchasing users (sales quantity is exceeded).
  • User A has applied for the purchase of 1,000 XCR.
  • The quantity of XCR that User A could actually purchase is as shown in the formula below:

1000 x (138,888.88 ÷277,777.76)=500 XCR

  • 1. Purchase quantity of user A ＝ 500 XCR
  • 2. Of the planned purchase quantity of 1,000 XCR, 500 XCR worth of XEX will be exchanged for XCR tokens, and the remaining XEX will be locked for 90 days and returned to Mr. A's wallet.

Where will the sale take place?

CROSS

CROSS exchange Launchpad (IEO platform)

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