Details released regarding the Relex Loyalty Token program

Individuals were offered the ability to swap 100,000 RLX tokens for an RLXR1 token this past week, with each token representing a step in a loyalty program devised by Relex.

No additional information was initially released regarding the loyalty program except the following:

1. 100,000 RLX could be traded for 1 RLXR1 token via the Relex Capital investment portal.

2. The loyalty token RLXR1 promised no benefits whatsoever.

3. The RLXR1 token would be locked up for 13 months, and then 100,000 RLX would be returned to the original owner.

4. The RLXR1 token could be used to invest in projects on the Relex Capital investment portal throughout the lockup period, but doing so would void the ability to trade that token for 100,000 RLX.

5. Only whole denominations of RLXR1 would be accepted. Divisions of tokens would be voided.

6. RLX tokens locked up would remain in the wallet over the duration.

Now that the offering has concluded, we are happy to release the information regarding the RLXR1 Loyalty Program.

1. Individuals who hold RLXR1 receive a status level in the loyalty program equivalent to the whole number of RLXR1 loyalty tokens they hold.

2. Every month, individuals who are members of the RLXR1 Loyalty Program will receive 1,500 RLX over the next 12 months per RLXR1 Loyalty Program rank.

3. At the end of the 13 months, individuals will be able to reclaim their original RLX by redeeming their RLXR1 for 100,000 RLX each. Regardless of reclamation or not, the start of the thirteenth month marks the cessation of the loyalty program.

4. Individuals will have one year to trade their RLXR1 tokens for RLX tokens after the loyalty program ends.

Thank you to those who participated in the RLXR1 Loyalty Program. We will be contacting CoinMarketCap to inform them of the token lockup and to adjust the circulating supply appropriately. Please bear with us as we try to contact their customer service.