Cross Exchange Mining Explainer Video About CROSSexchange trading mining

The basic rules for mining

The basic rule for mining is, the trading fees for the user will be converted to XEX, and will be returned to the user at a certain ratio.

What is XEX?
XEX token (XEX) is a unique token issued by CROSS exchange giving rights for users to receive dividends.
The maximum tokens issued  10 billion. Please refer to the data announced by CROSS exchange for the currently issued total in circulation.

How is XEX generated?
XEX in CROSS exchange starts from 0 and is generated in three ways: mining, freezing, and trading.

This page mainly focuses on how to generate XEX by mining.

In CROSS exchange, mining is done in the following way.

• Transactions on Traditional floor
• Mining in a mining pool
• Mining with an API connection 

Trade Mining

On the trading floor, we provide third-party automatic mining tools as well as functional support for everyday transactions.
When a user deals with CROSS exchange, transaction fees will be converted to XEX based on the price of XEX(mining coin) and returned to the user at a certain ratio. Mined coins are counted and issued every hour. 

Automatic mining in mining pool

In order to reduce the burden of user mining, CROSS exchange has an “automatic mining” tool.
The user selects a pair of priority mining pool and mining transaction on the mining function panel, and simply enters the amount of the cryptocurrency used for mining and it will be completed.

In this mining program,”self-mining: self-dealing” is performed to continuously and automatically generate transaction fee. In automatic mining, XEX (mined coin) is generated until the cryptocurrency used for mining becomes minimal.
This program automatically stops when the transaction or the mining output per unit time reaches a specified upper limit.

＜4 mining pools、8 Pairs＞

How do I start automatic mining?

Step 1

Individual mining pools have a mining restriction on transaction fees and hourly mining, at the same time XEX produced in a mining pool is automatically invested in a revenue sharing plan. (See revenue sharing plan)

Step 2

After selecting the mining pool, the user can select any mining transaction and mine, according to the type of digital currency held.
Even if you mine any pair in the same mining pool, the effect is still the same.

Note: If you want to participate in mining, you need to pass KYC.
Those who are not already verified cannot participate in mining, so please perform authentication beforehand.

Eg. BTC_USDT transaction pair of the Mining90

When you click on a trade pair, the operation screen is displayed.

As on the BTC side, enter a number smaller than the currency balance in the input box on both sides. (The amount of funds required is larger than the minimum start amount)
A considerable number of USDT will be displayed automatically on the opposite side of the input box. (Price will be calculated based on real time)

Click to open mining. Mining can not start if the numerical value of the input box on either side is larger than the corresponding balance (see USDT balance)
At this point the user can reduce the number in the entry box or click the transaction button to purchase and replenish the exchange’s USDT.

Automatic mining is started if the balance of BTC and USDT is greater than or equal to the value in the input box.
On the main screen of the automatic mining, the mining pool and transaction pair undergoing automatic mining are displayed.
Automatic mining can only be done with one trading pair in one mining pool.Automatic mining can only be done with one trading pair in one mining pool.

When mining starts, click on the transaction pair executing the task. The user can stop mining at any time by checking the amount of mining pool available and the amount of remaining mining pool available.
(After stopping, mining can be resumed by selecting mining pool and the trading pair)

When the mining amount reaches the upper limit, mining is automatically interrupted. If the user does not stop mining at this time, the mining work will resume automatically after 1 hour.
If the remaining minable capacity (both sides) is less than the minimum startup capital, mining will end.

【Features and Caveats of CROSS Exchange Automatic Mining】

Since the automatic mining system posts orders to the actual board, the balances of currency pairs may deviate with a lapse in time with no stipulation.

In that case, please be aware that trading may be carried out in more than the quantity of each currency in wallets set for automatic mining.

If a currency pair set for automatic mining is deposited more than the set amount in a particular wallet, we recommend that you periodically check the mining status.
※Automatic mining can be stopped and reset by the user.

In the future, we will update the system for an improved and more comfortable automatic mining.

The similarities and differences between trading mining and automatic mining are as follows:

	trade mining	automatic mining
is there support for mining transaction	◯	◯
is there support of automatic mining	×	◯
choice of mining	◯	◯
Mining output is included in the mining limit	◯	◯

What is the difference between mining based on the mining function board and mining based on the trading function board?

The basic principles of mining are the same, regardless of the mining function board or the transaction function board.
The fee consumed in the user transaction is converted to XEX and returned to the user at a fixed rate.

The two main similarities and differences are as follows.

	trading function mining	mining function mining
is there support for mining transaction	◯	◯
is there support of automatic mining	×	◯
choice of mining	◯	◯
Mining output is included in the mining limit	◯	◯

 

The mining limit per hour

The hourly mining limit is the upper limit of mining transactions across CROSS Exchange.
Even when mining on exchanges or automatically mining with mining pool, the mining output is totaled and time mining restrictions apply.