We are pleased to announce that from today the CPT to LIXI exchange functionality is available in your personal accounts as promised.
The exchange procedure works as follows:
- Every CPT token holder can voluntarily exchange any amount of CPT tokens for the same amount of LIXI tokens at any time.
- 5% of LIXI tokens received by the CPT holder in the exchange become immediately available for circulation in the Cryptaur / CPT Point ecosystem (transfers, payments, trading against ETH after April 22). The remaining 95% will be frozen in the user’s account for 12 months from the date of the exchange (each transaction is considered as a separate exchange with its own dates). Freezing of tokens is necessary to ensure a gradual transition to a new token and avoid sharp rate fluctuations, which is in the common interests of all project participants.
- The unlocking of LIXI tokens at the end of the 12-month period will happen automatically (without the need for any action on the part of the holder) according to the following scheme:
— in the 13th month, 1% of the blocked balance is unblocked,
— in the 14th month – 2%,
— in the 15th month – 3%, …,
— in the 25th month – 13%
— and in the last 26th month the remaining 9% will be unlocked.
In conclusion, let us briefly recall the upcoming events the Golden Phoenix program brings to us. LIXI ⇔ ETH trading will be launched on April 22. Also, from April 29 it will be possible to purchase LIXI for BTC at a fixed rate, with each such purchase by a CPT Point user unfreezing their referrer’s frozen LIXI tokens in the amount of 10% of the purchase.
Detailed instructions will be published by the support service.