Dear Crosswise Community,

As you may know we intended to publish the complete preliminary compensation scheme and results today.

Unfortunately we hit a small snag in a the LP component of the calculations and will need a few days to fix it and re-test everything. This will not delay the launch in any way and we expect to be able to publish full results by the end of this week. Given that the other parts of the calculations are robust we do not expect another round of changes.

As you will appreciate once we publish the methodology, the entire compensation process is extremely intricate and fraught with potential logical pitfalls. Thus extensive testing is required, and is a necessary evil anytime a change is introduced.

We’re sorry for the delay, but look forward to completing this part of our re-birth!

Dear Crosswisers,
We are still accepting applicants for our Over the Counter (OTC) Deal for Crosswise Liquidity providers!
🚀 get 5% Bonus CRSS
🚀 own Galaxy Farm with generous rewards

Form: https://form.typeform.com/to/xCnxJmxM
Details: https://crosswise.medium.com/crosswise-re-launch-community-incentives-4c53749ac8cc

Preliminary Compensation Ennoscriptments published:
https://twitter.com/crosswisefi/status/1574040203139825664

The Final Crosswise Compensation Ennoscriptments details have been posted on Medium:
https://twitter.com/crosswisefi/status/1577620591158251520

Dear Community, Just a quick update on progress towards re-launch.

Compensation Ennoscriptments Finalized

The entire compensation ennoscriptment calculations have been audited by the community and finalized. One user highlighted an issue that affected those still holding the original presale CRSS token in their wallets. This has been remedied and as of today, the calculations are all accurate. The feedback period has lapsed and we will now deem the ennoscriptments as final. A final run of these calculations will be executed just prior to launch. THEREFORE, DO NOT MOVE ANY TOKENS, AS YOU WILL EXCLUDE YOURSELF FROM COMPENSATION BY DOING SO.

Re-launch: End of Oct - Beginning Nov

We are still working towards a launch in october but may take until the beginning of Nov. Some major additions we wish to ship as part of the launch are major gas optimisation, our governance/dividend token sCRSS, as well as the building blocks for DAO voting. We believe these functionalities will put us in a great position for the re-launch. They are well worth adding and waiting for.

Liquidity Partner Program

For those that missed the news, we are setting up special pools with a 3 month lock for liquidity providers wishing to farm longer term in exchange for a minimum +40% APR, and the convenience of buying CRSS over the counter. For more information join the group: https://news.1rj.ru/str/+Ou08H-t2deQ0ZmVl

Dear Crosswise.finance Community,
our Liquidity Partner Program is still open for users, but not for much longer!🔥
Join the Liquidity Providers Telegram Group if you are interested in purchasing $CRSS before launch at a special price and provide Liquidity! 🌟
🔗 Telegram Group: https://news.1rj.ru/str/+Ou08H-t2deQ0ZmVl
Details

Liquidity Partner Program

The Crosswise Liquidity Partner Program is a special initiative intended to provide additional incentives to community members in the first months after re-launch. We thus ensure sufficient liquidity whilst rewarding our long-term supporters.

Limits & Requirements

- OTC price will be 1.05 BUSD per CRSS
- Minimum 500 BUSD and maximum 25K BUSD per partner
- Total maximum of 200,000 CRSS for sale Over The Counter
- Allocation on a first come, first serve basis
- Only the wallet that was used to send BUSD will receive CRSS
- Deposit into Locked Pools with a 3 months lock
- The OTC sale will close once the maximum allocated CRSS is sold or 48 hours before launch

Target APR

For the duration of the Program, we will ensure the APR exceeds the APR offered in the standard equivalent pools by at least 40%. Given the mechanics of staking pools it is not possible to predict exact APRs. We will therefore monitor rates closely, review them on a weekly basis, and adjust the multipliers accordingl

Join the Liquidity Providers Telegram Group now! https://news.1rj.ru/str/+Ou08H-t2deQ0ZmVl

Dear Crosswise Community,
we know that everyone is eagerly awaiting the release of V2.
As you have seen we managed to finish the compensation ennoscriptment scheme and already started preparing towards re-release with our brand new Ambassador Program and Liquidity Provider Program. At the same time our team is doing good progress at getting everything ready for re-release:
* Marketing
* Documentation
* Smart Contract Test
* Usability Tests
* Scalability Tests
* Fallback Setups
* Content Strategy
* DEX LIsting Schemes
* DEX Advertisement Offerings
* Customer Support
and much more.
Crosswise came back from a major exploit that would leave any other project closing its doors, believe me. We have kept on investing our own, private money and also our time to save the project and present an outstanding V2.
The question is: What is our community doing to help our small team?
Being honest and from what I get its spreading negative energy throughout Telegram and Discord with an aggressive and rude attitude towards us. If you don't believe in us re-launching, then why do you even waste your time on asking us every week about the launch?
Also, how do you want to make your investment count if any new potential investors and users only see your FUD in the group?

The ultimate goal should be to make Crosswise.finance an attractive project for new users to invest in! If that won't happen the project will certainly fail and not because of the team, but its community's behaviour.
Best regards,
Frederic
Crosswise.Finance Team

Dear Community,

We hope everyone is doing well and not too affected by the FTX implosion. It’s been a crazy few days in this space.

One upside is that people are generally more keen on DeFi as a result. This is obviously favourable for us, yet we will need the overall sentiment to have improved in time for the 3rd Dec. For those wondering, we do not for the moment think that any artificial delay would be warranted, but will be keeping an eye on the situation.

In the meantime, we wanted to update you on a few things:

Liquidity Partners
We launched the Liquidity Partner Program a while back hoping to re-launch much sooner. In the meantime a lot has happened in the markets and as of right now, we are not seeing the same level of demand as previously pledged.

What this potentially means is that we would have to launch with low liquidity and gradually build it back up. Obviously the farming rewards will help encourage users to provide LP, but we would have wanted to be able to plan ahead a little better.

Therefore we want to remind everyone that the program will be closing soon, and there will be no other OTC purchases possible post launch. For those that may have been away for a while, if you wish to become a Liquidity Partner, please join the dedicated group https://news.1rj.ru/str/+Ou08H-t2deQ0ZmVl for details.

We have published a statement regarding the finances and costs of Crosswise development and how we handled investors funds, written by Frederic Beeg, CEO of Crosswise Finance, on Medium:
https://crosswise.medium.com/statement-addressing-finances-and-costs-72e63b78fa0c

Dear Community,
we have decided to the new updated version of Telegram for groups, which introduced dedicated topics.
You will now be able to see a list of topics on the left side of the menu when clicking on our group.
Please let us know if you would like to add any other topics besides the ones already created.
-Crosswise.Finance Team

We are excited to introduce sCRSS, our Stakeholder Token. 🚀
https://twitter.com/crosswisefi/status/1595649397144309760

Only 3 days to go!
LIke and RT:
https://twitter.com/crosswisefi/status/1597955124751568896