This time, Fintech project utilizing blockchain developed based on Switzerland, one of Europe’s leading financial powerhouses, Mr. Roger Ver, who is well-known as “Bitcoin Jesus”, and member of bitcoin.com, “Azbit To introduce the current situation and business of the Swiss virtual currency business. The other day, we will talk about the FinTech business that they are promoting by “CROSS exchange” which was the main sponsor at the blockchain event held in Azerbaijan, a famous oil-producing country in the Middle East.
The home of the Cross Exchange, launched in November last year, is Azerbaijan, which faces the Caspian Sea and is being called “the second Dubai.” It is surrounded by Russia, Turkey and Iran, and is known as a country where energy industries such as oil and natural gas are thriving. And Cross Exchange is a virtual currency exchange that has received official approval from the Azerbaijan government.
Cross Exchange, as the second-generation virtual currency exchange, has a strategy of returning 80% of the fee income, which can be regarded as the lifeline of a virtual currency exchange, to users. Although there is no big difference with the dividend exchange token that has been popular for a while, the secret weapons are automatic transaction mining and exchange token XEX without a surge. The ability to design and deploy a novel mechanism that immediately and stably returns profits to users in an intimate manner may be a strength only in the later stage.
Simply put, a user can receive an exchange token called XEX by depositing a virtual currency pair in a cross exchange and performing transaction mining. Deposited virtual currency is automatically botted. The actual transaction fee will be 0.1% of the transaction amount, but the idea is that it will be substantially free because you will receive this considerable amount of XEX. The mechanism by which transactions are made automatically and XEX can be obtained is called “automatic transaction mining”.
Then, 80% of the commission revenue pool accumulated on the exchange will be returned to users daily as a dividend. Moreover, I am happy because the dividend at that time is not denominated in XEX, but in the denomination of the first currency. In other words, when XRP / BTC is received, dividends by XRP and BTC will be implemented. Even if the XEX price goes up, the average dividend is around 10% per month.
With this “automatic transaction mining” mechanism, Cross Exchange has achieved “at the time of launch, a transaction volume of about 2 trillion yen on a 24-hour basis” (speaking person). Needless to say, this is well above the trading volume in Binance and BitMex, and in some ways it can be said to be terrific.
Of course, the phenomenon of volume increase due to automated trading by bots has been seen in other emerging exchanges. However, what makes Cross Exchange interesting is that it is designed so that the price of the XEX token issued by the exchange will not go up and down. It can be said that it is an innovation that there is no “displacement removal” to the user who came after by the radical upsurge fall down drama often seen in “trade mining” until now.
One of the secrets is the mechanism for “locking up” XEX tokens. Users who want to conduct “automatic transaction mining” in cross exchange can set up a “lockup period” for holding XEX tokens without selling them for up to 90 days. The longer the lockup period, the higher the dividend rate. The payout ratio is so high that 90% of users will lock up again after the lockup period. This is helping to stabilize the XEX price.
In other words, you can receive a bonus of more than twice the amount deposited just by deciding “Don’t sell for 90 days!”
In addition, the company has been trying to stabilize prices by conducting periodic “burns” such as those performed by the quarter each quarter, or by making exchanges themselves market-making when prices are likely to surge It has not been seen in the “trading mining” specialized type exchange. There is also a sense of security for those who choose a long term lockup.
2019/6/8 1XEX=0.06JPY par Day
Many Japanese use it They are repeating 90 day lockups
Therefore, the price of XEX does not fall easily
If you want use Cross Exchange
Here Link Bonus 60XEX Free need KYC and At least $ 90