What is a Cross exchange? – Being surrounded by its charm-
Answer Mr.CROSS questions
Mr.CROSS

Mr. Kei, I often hear about Cross exchanges recently and personally, I’m wondering why is it so attractive?

Mr.kei
Well, there are many reasons, but one of them is the return of the exchange’s profits to users.

Mr.CROSS

Profit’s return to users? What do you mean?

Mr.kei
There is a transaction fee on the exchange, right?

Mr.CROSS

Do you mean the fee deducted for every transaction between currencies?

Mr.kei

That’s right. The “Cross exchange” fee is 0.1%.

This happens when you exchange virtual currencies.

Mr.kei

For example, let’s say you exchange 1,000 USD of BTC to USDT.

How much is 0.1%?

Mr.CROSS

It is 1USD!

Mr.kei

Exactly! That is the transaction fee.

Mr.kei

Since 1USD is deducted and exchanged it’s calculated that the user receives USDT for 999 USD after the transaction. This transaction fee becomes the revenue of the exchange.

Mr.CROSS

Just 1USD!?

Mr.kei

You see it! Lol

Mr.kei

But the world’s largest exchange’s Binance has a transaction fee of 0.1%, and the Cross exchange has the same fee. Definitely, they are the cheapest of the major exchanges.

Mr.kei

If there are still 100,000 transactions in a day, how much will the exchange earn?

Mr.CROSS

100 USD・・・1000 USD・・・ 10,000 USD・・・ 100,000USD!?

Mr.kei

Exactly. Just think about it! Even if they get just 1USD per transaction for 1,000 USD,

if it is repeated 100,000 times a day, it will generate revenue of 100,000 USD!

Mr.kei

The great thing about Cross exchange is that you get a unique exchange token called XEX, equivalent to 0.1% of the transaction fee.

Mr.CROSS

Really? Can I get the currency with the amount same as commission?

Mr.kei

Exactly. Don’t you think that’s amazing?

Mr.CROSS

But is it okay if the commission increases?

Mr.kei

That’s OK. XEX tokens are unique and belong only to the exchange so they are like company’s stocks.

Mr.kei

A commission of 0.1% has come into the exchange as revenue from BTC and other altcoins.

Mr.CROSS

I see. But isn’t there any loss if XEX is sold right away?

Mr.kei

I think so.

However, even if the XEX received by the user is sold immediately, it is the same result as the fee-free service because it is the same as reducing the amount originally deducted 0.1% as a fee.

Mr.CROSS

Glad to hear there is no fee!

Mr.kei

Right! But very few users actually sell it right away.

Mr.CROSS

Why? Isn’t it better to sell it and get out of the charge?

Mr.kei

Actually, the great part of Cross exchange is here. You can get dividends from the profits of the exchange just by holding XEX.

Mr.CROSS

Oh, really? Getting dividends? Is this the return you mentioned earlier?

Mr.kei

Yes, just by holding XEX, you can receive a 20% dividend from the exchange’s revenue depending on how many stocks you own.

Mr.CROSS

Really? That’s just really amazing!

Mr.kei

Furthermore, XEX has a lock period, so you can choose from four plans.

 

 

Mr.CROSS

Are you serious?

Do you mean if it is 90-day lock, I’ll receive 80% reduction from exchange revenue? Sounds great!

Mr.kei

That’s true. That’s why most people choose 90-day rock.

That means that you can easily increase the value of XEX without worrying about being sold immediately!

Mr.CROSS

Great!

Mr.kei

Furthermore, the number of XEX you can receive at the time of trading is different by extending the days of the lock.

 

 

Mr.CROSS
90 days lock means 130%?

That means that even if you pay 0.1% for the fee, 0.13% of XEX will be returned.

In other words, the user gets 30% profit?

Mr.kei

Exactly!

Mr. CROSS, you understand it well!

Amazing, right?

Mr.CROSS

But if so, the exchange will go bankrupt?

Mr.kei

It’s fine. The profits of the exchange are secured because it is returned after being properly recorded as revenue

Mr.kei

In addition, 20% of the traded mining XEX is paid to the fund’s account and saved, and since it is glass-sided, everyone can grasp the financial strength of the exchange, so it is safe.

* As of November 1, 2019

Mr.CROSS

Then, as an exchange, it returns to the user as much as possible while earning profits. Moreover, savings in case of emergency are well established. CROSS exchange is a very fair and safe exchange for users!

Mr.kei

Yes, it seems that some users actually receive hundreds of dollars every day.

Mr.CROSS

Hundreds of dollars!?

Mr.CROSS

Thank you! I got it!

I will also start Cross exchange from now on!

How to Register on CROSS Exchange and Enable Automatic Mining

How to Register on CROSS Exchange and Enable Automatic Mining