Contrary to their whitepaper before the ICO.
The CryptoXchanger Team has important information for you. In our bid to improve the platform we held consultations with our attorneys, and after some analytical calculations, we arrived at a decision. Going forward, we will not be able to retain the Lending Program as earlier planned. To guarantee that all your interests are protected we will be making modifications to ensure that our platform does not evolve into a financial pyramid model in the course of paying out accrued interests because it is a model that is prone to eventual collapse.
The primary objective of our team is to create and sustain a decentralized exchange, and we are already making positive progress in this direction. At the moment, our attorneys are processing the registration of the company in a European country, and we have started interviewing candidates who will join our winning team. Your interests come first in our plans, and we have created excellent incentive packages to compensate everyone for the cancellation of the Lending Program.
In our earlier announcements, we mentioned that ExchangeCoin had been scheduled to be listed on the external exchange in December/January and this plan has not changed. Before this event, we will be releasing the desktop wallets to enable our customers to transfer their coins to the personal wallet. There will be no restriction to accessing your coins and holders will have the option to sell their EXCC or save them.
In January, we will organize the first EXCC Airdrop. And all holders with a minimum of 50 EXCC will be eligible to claim the free EXCC offer. There is good news for holders who decide to save their EXCC during the ICO; they will be paid a remarkably higher percentage bonus. And that’s not all, for our first Airdrop, we will allocate a significant part of the ExchangeCoin Bonus leftovers (valued at over 1 million EXCC). We will publish the address where the bonus coins will be kept so everyone can check how many coins are available at any time. The number of bonus EXCC receivable will depend on the number of coins held. However, everyone will receive a fair percentage(e.g. user X holds 1000 EXCC, and there are 3 million EXCC eligible for the bonus, this means user X will receive 0.00033%, approximately 330 EXCC). We will publish the detailed Terms and Conditions for the Airdrop exercise soon.
