xCrypt Important Update!!!

2 min readJul 1, 2019

Dear Community,

We would like to inform you on an executive decision we have made around the planned listing on IDAX.

IEO Update: In short, we have decided not to list with IDAX. This decision comes with a few pieces of information that we would like to share. Last week, a report came out about IDAX scamming companies for IEO listing fees. Unfortunately, we were one of the companies that were pressured into engaging their buy simulation. In total, we lost roughly 8 BTC and were denied any refund requests despite the completely failed IEO.

We do not have faith in IDAX to help us when the token is listed and they refused to refund the tokens that were already sent to the platform. Due to this, we feel like a listing would be very detrimental to the company and our token holders.

Listing Plans: We have decided to pursue other exchanges to list on. We have already a few secured but we are in talks with even larger ones that have more accurate volume. We estimate that happening mid-July to early August, with the later range being for the bigger exchanges that have a more formal process.

Token Holders: In order to guarantee IDAX does not interfere or try to ruin current token holders, we did a token swap to ensure everyone has clean tokens moving on to the next listing.

Others Reasons :

Swaps with older projects like : ETERBASE , Careon Chain (REO COIN) , PECUNIO Blockchain Investments , creata.io and much more, affected our investors and community .
IDAX holding huge quantity of tokens.
We added lock period for some token holders like :

XCRYPT TEAM — 1 YEAR
XCRYPT ADVISORS — 6 Months
XCRYPT BOUNTY — 30 DAYS

IMPORTANT NOTICE :

PEOPLES WHO PARTICIPATE ON IEO IDAX MUST ASK FOR FULL REFUND!!!

We thank you for your continued support and hope you understand our reasoning behind this decision. It was not easy, but as a legitimate company, we simply could not entertain the fact of listing and giving the benefit of the situation to IDAX who has reportedly done this to nearly a dozen companies.

Best,

Loren, CEO

WEBSITE: https://xcrypt.club

ICO WEBSITE : https://ico.xcrypt.club

xCrypt Exchange : https://xcrypt.exchange

Telegram: https://t.me/xCryptclub

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xCrypt Discord Channel: https://discord.gg/YmVzvqY