WazirX founder Nischal Shetty announced that the platform will distribute assets in crypto tokens based on user holdings.
WazirX’s Distribution Plan
Pending approval of the restructuring scheme, users will receive a proportional share of liquid assets based on their token holdings as of July 18, 2024. This step addresses outstanding creditor claims and ensures distributions in tokens visible in user portfolios.
Claims Calculation Tool
A Rebalancing Calculator has been developed to help users calculate their expected claims. This initiative allows users to better understand what portion of assets they can expect to receive.
Goals of WazirX Restructuring
The main goal of the restructuring is to maximize returns for both users and creditors. Shetty emphasized the company’s long-term goal of bringing back maximum value.
WazirX's restructuring aims to optimize asset returns for users and creditors through a new distribution plan in crypto tokens.
