December 3rd, 2018
The EOSex team has successfully completed their ICO sale, despite some of the worst crypto-market conditions not seen since 2014–2015. We want to thank everyone who participated in our community, for supporting this revolutionary platform. It’s only just begun, as we continue to venture forward to provide the ultimate ecosystem for: traders, investors and crypto-enthusiasts. No crypto can truly be a success without a large community backing.
As of December 1st, 2018, there were a total of 1,802,864,039 EXP sold, out of a possible 2,500,000,000 EXP; 72% of all available tokens were sold to the general public. A total of 1021 investors participated in the EXP token sale, attributing to our focus of community and adoption. The remaining 697,135,961 EXP (28%) will be burned, sent to the EOS address: “eosexdestroy.” This is burn period is set to occur between December 4th and December 6th, 2018.
Development Efforts & Release of EOSex DEX
Momentum, excitement and passion continues to drive all development efforts, delivering on everything that was presented in the whitepaper.
We are pleased to make a major announcement today, that EOSex DEX has been a high-priority development effort for the EOSex team, and it’s scheduled to go live in about two weeks from now. We’ll be outlining in the separate article how: EOSex’s DEX ultimately functions, how you’ll be able to access the platform and trade via Scatter. The article is already finished and currently being translated from Mandarin to English.
In addition to our DEX announcement, expect a new-and improve UI to be released shortly. A separate article outlining what’s been changed/improved can be found here.
Investors & Bounty Participants Disbursements
A reminder for all investors, on the first day of every month, 20% of your invested sum towards EXP will be distributed to your designated EOSex account’s wallet. You can expect disbursements to occur on the 1st day of every month, over the next 5 months. This plan-of-action was set forward, to stabilize EXP prices when trading on the open-markets.
For all bounty participants, the bounty campaign is set to end on December 30th, 2018 and EXP all payments will be done by February 1st, 2019. We’ll make another announcement outlining the details for our bounty participants. If you have any questions, we encourage you to ask in our Telegram Group.
Incentivizing EXP
EXP investors, traders and holders are entitled to share in 70% of the daily profits, generated on the EOSex exchange. 70% of the previous day’s exchange profits, are set aside, and distributed according to your balance. The determining factor of your balance is divided by the total number of EXP tokens in circulation.
In addition, each day, 30% of that day’s profits are set-aside to buy back EXP tokens from the open market and then send those EXP to the burn address, eosexdestroy. Essentially, taking them out of circulation and reducing the overall number of outstanding tokens. Daily figures are set to be published on: the total number of EXP tokens in circulation, the total number of buy-backs, the total number of tokens sent to the burn address and a breakdown of major token holders.
EOSex’s team is made up of some of the most talented individuals from around the world, which set out to: create, maintain and secure our revolutionary EOS-Based exchange. Professionals from across the blockchain field: finance, IT and law, have made this ICO a major success. The EOSex team has only just begun, and our efforts will ripple across the fabric of EOS’s ecosystem and all major crypto-currency related businesses.