Dear XTers,
Thank you for your continued support and trust.
Regarding the previous “ALEOALEOCLOUDMINING Subscription”, we have remained in close communication with the project team and have been closely tracking the project’s latest developments.
We regret to inform you that, following the launch of the Aleo mainnet, significant shifts in the network ecosystem and overall market conditions have resulted in actual mining returns falling far below initial projections. After a thorough review and to ensure the best possible protection of our users’ interests, XT has decided to initiate a dedicated refund and compensation plan. We understand the expectations you placed on this product and sincerely apologize that the final outcome did not meet those expectations.
In line with our user-first commitment, the following resolution will be implemented:
1. Core Arrangement: Principal Refund + Yield Compensation
XT will refund 100% of your original subscription principal, and additionally provide yield compensation calculated from your subscription date to the projected Aleo token unlocking date, using the XT 1-year deposit rate as the benchmark.
2. Compensation Method
The full amount (principal + yield compensation) will be converted into XT and distributed directly to your account.
3. Distribution & Vesting Rules
- Distribution Timeline: XT tokens will be issued within five business days.
- Lock-up Period: All distributed XT will be subject to a 1-year lock-up.
- Vesting Method: Locked XT will vest linearly over 12 months (released once per month) and will be automatically credited to your spot account. You may view all details directly in your spot balance.
4. Example Calculation
For illustration:
- Subscription Amount: 10,000 USDT
- Duration: 200 days (from subscription to expected unlock date)
- XT 1-year deposit rate: 7%
Calculation:
- Yield Compensation = 10,000 × 7% × (200/365) ≈ 383.56 USDT
- Total Distributed Amount = 10,000 + 383.56 = 10,383.56 USDT
- This total will be converted to XT at the market price at the time of distribution and placed under the vesting schedule.
We once again offer our sincere apologies that this product did not achieve the expected results. At XT, safeguarding user interests remains our highest priority, and we truly appreciate your continued understanding and support. We will keep working to curate and deliver financial products that are more robust, reliable, and aligned with your needs.
If you have any questions, please reach out to our online customer support team.
Thank you for your support!
XT Team
November 19, 2025
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XT reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.