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CROSS is a project aiming to develop an exchange platform that trades various digital assets globally including CROSS exchange for the coming digital asset and digital money society.

The value of CROSS (XCR) is to “provide a platform for exchanging all kinds of digital assets.”

The purpose of this IEO implementation, is to improve the value of XEX issued by XCR and CROSS exchange.

CROSS is designed to use transaction fees for the XCR buyback & burning (burning of of XCR tokens).

XCR’s value can increase through the buyback and burning of XCR by transaction fees through the various services provided by CROSS.

The buyback and burning of XCR will most recently be made through the following services:

Transaction fees for cryptocurrency prepaid cards using XCR, which…

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Source: https://news.bitcoin.com/pr-cross-exchange-launches-ieo/