Crosswise | Announcements – Telegram
Crosswise | Announcements
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Next-Gen Cross-Chain DEX building a seamless DeFi user experience. Crosswise bridges the gap between centralized and decentralized exchanges.

Website: https://crosswise.finance/

English Telegram: @crosswise

Linktree: https://linktr.ee/crosswisefi
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Dear Community,

The voting has ended and the vote was 65% in favor of 1:1 Restitution with 552 votes. We will now go ahead on that basis and will update you as soon as everything is better defined.

We hope that this vote indeed reflects the community's will, and that it will translate into a solid CRSS holder base.

Thanks to all who participated!
Hi everyone,

Crosswise is offering its users that have lost their $CRSS Tokens due to wallet hacks the option to regain their un-vested Tokens from the Pre-Sale.

Following conditions apply:

1. Your wallet got hacked and you still got CRSS Tokens in your wallet or un-vested in Pre-Sale contracts.
2. You are able to verify your identity. We will confirm your email address you have used during our Pre-Sale Whitelisting and your personal data.
3. We will compensate 50% of the amount that is still left un-vested. The other 50% is going towards the Crosswise Marketing Wallet to boost the ecosystem.

To apply for a refund please fill out the following form:

https://form.typeform.com/to/qohcitNh

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Deadline: 11th May 1PM UTC.

All requests for compensation after the deadline will not be accepted.
Dear Community,

We would like to announce that we received the initial audit report from Techrate yesterday!

We’re happy to share that the audit only highlighted 2 issues to resolve. We expect to be able to resolve these issues within approximately 5 days. It will then take Techrate another 4-5 days to do a final report, which we will share with the community. The relaunch will be scheduled as soon as possible after that. We expect a launch to be feasible early June.

Once again, we thank everyone who has been waiting patiently for their support.

Team Crosswise
Q & A

Dear Community,

As requested, we are releasing the long awaited Q & A. Please find the community’s questions answered below.


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Q) What exactly does the compensation scheme look like and how long will it take? What % of total coins will be released at launch?
A) Compensation will be distributed via a dedicated compensation staking pool. Therefore there is no fixed percentage released at launch. Instead compensation will be distributed with every block until the total has been reached.

Much like standard rewards, compensation tokens will vest over 5 months, with the option to “instant claim” compensation and paying a 25% fee. The overall duration has not been decided yet but is likely to be in excess of a year.

Q) What happens to holders that had their tokens vested? Is there a vesting schedule for compensation?
A) Compensation will take place at the same pace for everyone, regardless of whether you had tokens vesting at the time.

Q) How is the team calculating pre-sale tokens in regards to compensation?
A) There is no difference in the way that pre sale tokens are accounted for. Whatever you held at time of exploit AND didn’t sell will be re-instated on a 1:1 basis.

Q) How are we going to avoid strong sell pressure on launch as there are speculators trying to get easy money?
A) Given that compensation will be distributed gradually, there won’t be much sell pressure at launch, as there will be very few tokens in circulation. The compensation vesting schedule helps spread that sell pressure across a longer time frame, making it more manageable.

Q) Will Crosswise be listed on any CEXs in the near future?
A) We are currently looking at several exchanges in the space, but do not intend to list on any centralized exchanges until our protocol is more mature and the crypto market shows signs of recovery.

Q) Are the audits back from TechRate yet? Why is it taking so long?
A) As previously announced, we have received the initial report, and have already re-submitted our amendments. We initially encountered an issue that required a complex solution, and thus took some time to develop.

Q) What will LP providers be compensated for?
A) We will assess the monetary value of the LP at time of exploit and pay out compensation in CRSS token on a 1:1 basis.

Q) What happens to dip buyers that bought at a very low entry price?
A) Dip buys are being evaluated but remain a secondary consideration.

Q) Is the team still working on the project?
A) The team is actively working and building the project. All team members are full time employees of Crosswise Labs.

Q) What farms will be available at launch?
A) Farms will be released in stages. For the first 14 days there will be a single CRSS staking pool together with CRSS/BNB & CRSS/BUSD 2 LP Farms. Further farms will be made available after the initial 14 day period.

Q). When is the relaunch happening?
A) We expect to re-launch Crosswise DEX before mid July 2022.
The Crosswise Finance re-launch is imminent, review what's in store for the re-launch and the incentives we've made available to the community in our latest Medium update.

We truly appreciate the patience and support demonstrated by many!

https://crosswise.medium.com/crosswise-re-launch-community-incentives-4c53749ac8cc

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LIKE & RT
Crosswise-finance.pdf
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We are happy to finally announce completion of the Crosswise Finance smart contract audit with Techrate! In this last revision we managed to eliminate all pertinent issues. The one remaining low-severity issue is a gas limit issue we will never face in practice.

We are now launch ready, and have fixed a launch for the month of August, with a current targeted launch mid August.

You may find the complete Techrate report on Crosswise here:
Dear Crosswise Community,

As we near re-launch, we would again like to express our appreciation for your support, and provide you with an overview of what is to come.

Overall, Crosswise V2 brings with it a significant overhaul and UI upgrade, making it more user-friendly and sleeker than ever! The Biconomy gas API has been fully integrated and ushers in a new era for Crosswise users, with zero gas fees and low transaction finality.

The Crosswise DEX V2 trailer is now live and showcases the user experience that we offer with the upgrade on relaunch.

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Read on in our latest Medium as we outline features on relaunch, v2 upgrades, farms & pools, tentative timeline, compensation, and what’s next.

In the meantime, thank you everyone, for your patience and support.

Team Crosswise
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Dear Community,

It has been a long wait, but we are nearing the final stages of preparation for re-launch, and thus also the long-awaited compensation scheme.

The Crosswise compensation scheme is a compromise that aims to be as fair as possible, prudent, yet practical.

Kindly read on to learn fully about what compensation entails:

https://crosswise.medium.com/preliminary-compensation-scheme-details-fa6e18a2fd6

LIKE & RT: https://twitter.com/crosswisefi/status/1554723622240915456?s=20&t=kvr44BAwRoqheVndsIa7bw
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Voice AMA Recording 13. August.2022

For everyone who didn’t have time to join our community AMA - we are happy to share the recording!
Dear Community,

It has come to our attention that Ted, who was the former moderator here and CMO, has been recruiting users for his own project in this group.

His appointment came to an end due to a lack of attention to detail and productivity. This latest revelation comes as a massive disappointment and we have therefore banned him from the group.

- WE ARE NOT INVOLVED IN ANY OF HIS PROJECTS
- WE DO NOT ENDORSE ANY OF HIS PROJECTS
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Pls find the recording of our AMA from the 21. August below!
Please ask us if there are any open questions:
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Channel name was changed to «Crosswise | Announcements»
Forwarded from Greg (never DMs first)
Dear Crosswise Community!

We would like to get your opinion! With the re-launch approaching we have been having an internal debate regarding the optimal launch price and would like to get your opinion on the matter as well. There are 2 main options:

1) 0.95 BUSD: Same Launch Price

We launch at the same price. This keeps things simple.

2) 0.80 BUSD: Slightly Lower

We provide a small additional incentive for new investors.
Recording of our Community AMA, 11. September 2022
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