Mr. Kei, I often hear about Cross exchanges recently and personally, I’m wondering why is it so attractive?
Profit’s return to users? What do you mean?
Do you mean the fee deducted for every transaction between currencies?
That’s right. The “Cross exchange” fee is 0.1%.
This happens when you exchange virtual currencies.
For example, let’s say you exchange 1,000 USD of BTC to USDT.
How much is 0.1%?
It is 1USD！
Exactly! That is the transaction fee.
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.
You see it! Lol
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.
If there are still 100,000 transactions in a day, how much will the exchange earn?
100 USD・・・1000 USD・・・ 10,000 USD・・・ 100,000USD!?
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!
The great thing about Cross exchange is that you get a unique exchange token called XEX, equivalent to 0.1% of the transaction fee.
Really? Can I get the currency with the amount same as commission?
Exactly. Don’t you think that’s amazing?
But is it okay if the commission increases?
That’s OK. XEX tokens are unique and belong only to the exchange so they are like company’s stocks.
A commission of 0.1% has come into the exchange as revenue from BTC and other altcoins.
I see. But isn’t there any loss if XEX is sold right away?
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.
Glad to hear there is no fee!
Right! But very few users actually sell it right away.
Why? Isn’t it better to sell it and get out of the charge?
Actually, the great part of Cross exchange is here. You can get dividends from the profits of the exchange just by holding XEX.
Oh, really? Getting dividends? Is this the return you mentioned earlier?
Yes, just by holding XEX, you can receive a 20% dividend from the exchange’s revenue depending on how many stocks you own.
Really? That’s just really amazing!
Furthermore, XEX has a lock period, so you can choose from four plans.
Are you serious?
Do you mean if it is 90-day lock, I’ll receive 80% reduction from exchange revenue? Sounds great!
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!
Furthermore, the number of XEX you can receive at the time of trading is different by extending the days of the lock.
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. CROSS, you understand it well!
But if so, the exchange will go bankrupt?
It’s fine. The profits of the exchange are secured because it is returned after being properly recorded as revenue
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
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!
Yes, it seems that some users actually receive hundreds of dollars every day.
Hundreds of dollars!?
Thank you! I got it!
I will also start Cross exchange from now on!
How to Register on CROSS Exchange and Enable Automatic Mining