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Transferring xMEX

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xMEX is special for its transfer locking mechanism, since it is supposed to be bound to the account. But sometimes people have to move for various reasons, so do tokens.

The xMEX Move function comes as a solution for this precise and usually inconvenient case.

The xMEX Move (also known as Escrow) contract facilitates the transfer of xMEX from one account to another, with limitations in place to overcome scamming and abuse of token transfers that go against the idea of holding xMEX. Therefore, it shall be used with its strict conditions in mind and, most likely, only in extreme situations.

xMEX Move flow​

  1. Sender selects the batch of xMEX tokens to be transferred; after Move button clicked, sender has to fill in the receiver address and initiate the tokens transfer;
  2. Receiver will be able to redeem the transferred tokens ONLY after a certain amount of days;

xMEX Move limitations​

  • Sender can only send an xMEX batch to a receiver only ONCE per 30 days;
  • Receiver will be able to redeem the tokens after 30 days;
  • If the receiver did not redeem the tokens from a specific sender, that sender will not be able to send tokens again to the same receiver. Therefore, the receiver has to redeem the tokens first;
  • Receiver can't accept new transfers from any other address after a sender sends him tokens. A 30 days cooldown period is applied to the receiver after a transfer was initiated towards him.
  • Only xMEX can be moved, while LKMEX can not. The only way LKMEX can be moved is via conversion to xMEX beforehand.

Canceling xMEX moving transfers​

We care about the security of users' accounts. That’s why the contract has a transfer cancelling feature available that allows an Admin to cancel malicious transfers resulting from account thefts, exploits or scams. In case you did not initiate an xMEX transfer, please contact the xExchange team. You'll need to provide proof of a complaint issued by an official police authority, which we can use as a basis to cancel unauthorized xMEX transfers from your account.

Please note the fact that the team can not and will not cancel any ongoing transfer that doesn't fall within this legal category of complaints. Therefore, the integrity and correctness of any transfer is under the sole responsibility of the users.