Thank you for always using CROSS exchange.
We would like to inform you the XEX burn was conducted as planned.
【Burn Date】
10/8/2019 9:18AM (UTC)
【XEX Burn Quantity】
61,364,000.63 XEX
As previously announced, we used the funds to repurchase XEX from the market burning the full amount. As a result, the total issued supply of XEX has been decreased.
【CROSS exchange Daily Report “Shared Holder Fund”】
Please verify the quantity of funds burned (XEX) in the XEX holdings of the Fund account. In addition to the previous 64,008,304.053427 XEX, the current quantity of 61,364,000.63 XEX that was burned is displayed with a minus sign. (Cum. Total: -125,372,304.683427 XEX)
You can also verify that the quantity of XEX burned is the same as the quantity of XEX bought back.
→ CROSS exchange Shared Holder Fund
Details of the XEX burning can also be viewed on Etherscan below:
【Proof of Burning】
Timestamp: (Oct-08-2019 09:18:35 AM +UTC) (burn date implemented)
【Proof of Reduction in Total Issued Supply Due to Burning】
→Token: CROSS exchange token
Total XEX Issued Supply after Burning: 9,874,627,695.016573 XEX
By burning XEX, the total issued supply of XEX has now decreased. This means the scarcity of XEX has increased.
※ The timing of the buyback and burning of XEX with Fund assets will not be made public because it will affect the market price, and will thus always be announced after taking into consideration of the timing.
With the CROSS exchange Fund Program, we will continue to use the Fund assets regularly and take positive measures for everyone who owns XEX.
Thank you for your continued support.