📢 Third Townhall Announcement
Join us to learn about the formation of the Committee of Creditors (COC) and its roles and responsibilities in the restructuring process.
🗓️ 4th October 2024 at 1:30 PM IST
🕜 Set a reminder 👉 https://www.youtube.com/live/CzOm_nM3UeY?si=svI5aOipCvggBl9k
Join us to learn about the formation of the Committee of Creditors (COC) and its roles and responsibilities in the restructuring process.
🗓️ 4th October 2024 at 1:30 PM IST
🕜 Set a reminder 👉 https://www.youtube.com/live/CzOm_nM3UeY?si=svI5aOipCvggBl9k
📢 Disclosure of 240,000+ wallet addresses pursuant to debt restructuring process
At WazirX, we’ve always believed that transparency is key to building and maintaining trust with our users. Today, we’re taking another step forward in that journey by sharing something important, an affidavit that includes the details of approximately 240,000 wallets with balances. This affidavit will be filed with the High Court of Singapore today as directed and will also be provided to creditors in the ongoing restructuring of Zettai Pte Ltd.
For more details, please read the blog 👉 https://wazirx.com/blog/disclosure-of-240000-wallet-addresses-pursuant-to-debt-restructuring-process/
At WazirX, we’ve always believed that transparency is key to building and maintaining trust with our users. Today, we’re taking another step forward in that journey by sharing something important, an affidavit that includes the details of approximately 240,000 wallets with balances. This affidavit will be filed with the High Court of Singapore today as directed and will also be provided to creditors in the ongoing restructuring of Zettai Pte Ltd.
For more details, please read the blog 👉 https://wazirx.com/blog/disclosure-of-240000-wallet-addresses-pursuant-to-debt-restructuring-process/
📢 Proof of Reserves is now live
In line with our commitment to transparency, you can now verify wallet addresses and review asset balances through our Proof of Reserves.
Click here 👉 https://wazirx.com/proof-of-reserves
Note: A Proof of Reserves dashboard with dynamically updated data by CoinGabbar (a renowned platform for tracking crypto assets) will be available soon.
For more details, please read the blog 👉 https://wazirx.com/blog/wazirx-publishes-proof-of-reserves-for-october-2024/
In line with our commitment to transparency, you can now verify wallet addresses and review asset balances through our Proof of Reserves.
Click here 👉 https://wazirx.com/proof-of-reserves
Note: A Proof of Reserves dashboard with dynamically updated data by CoinGabbar (a renowned platform for tracking crypto assets) will be available soon.
For more details, please read the blog 👉 https://wazirx.com/blog/wazirx-publishes-proof-of-reserves-for-october-2024/
📢 Scheduled maintenance is now completed.
Thanks for your patience 🙏
Thanks for your patience 🙏
📢 Introducing the Scheme Timeline Calculator
The Scheme Timeline Calculator is an interactive tool designed to guide you through each step of the restructuring process. It enables users to explore scenario-based timelines and keep track of essential dates. While WazirX is dedicated to progressing as quickly as possible, certain phases depend on Singapore court schedules, particularly during the holiday season. This tool enhances transparency, keeping you well-informed throughout the journey.
Access the Calculator here 👉 https://wazirx.com/scheme-timelines
The Scheme Timeline Calculator is an interactive tool designed to guide you through each step of the restructuring process. It enables users to explore scenario-based timelines and keep track of essential dates. While WazirX is dedicated to progressing as quickly as possible, certain phases depend on Singapore court schedules, particularly during the holiday season. This tool enhances transparency, keeping you well-informed throughout the journey.
Access the Calculator here 👉 https://wazirx.com/scheme-timelines
📢 Fourth Townhall Announcement
In this Townhall, we will introduce the new Rebalancing Calculator and discuss other value drivers that are being explored as part of the restructuring efforts.
🗓️: 6th November 2024 at 5:30 PM IST
🕠: Set a reminder 👉 https://www.youtube.com/live/NfU7Yruatdo?si=0IXWZ_cGfyj3Pj5C
In this Townhall, we will introduce the new Rebalancing Calculator and discuss other value drivers that are being explored as part of the restructuring efforts.
🗓️: 6th November 2024 at 5:30 PM IST
🕠: Set a reminder 👉 https://www.youtube.com/live/NfU7Yruatdo?si=0IXWZ_cGfyj3Pj5C
📢 Introducing the Rebalancing Calculator!
With the Rebalancing Calculator, you will be able to see how Liquid Assets will be rebalanced to reflect the token denominations in each Creditor’s platform balance. Future updates will demonstrate how Creditors can benefit from potential market price gains on their rebalanced tokens.
Access the Rebalancing Calculator here 👉 https://wazirx.com/rebalancing-calculator
With the Rebalancing Calculator, you will be able to see how Liquid Assets will be rebalanced to reflect the token denominations in each Creditor’s platform balance. Future updates will demonstrate how Creditors can benefit from potential market price gains on their rebalanced tokens.
Access the Rebalancing Calculator here 👉 https://wazirx.com/rebalancing-calculator
Here's a short video explaining how the Rebalancing Calculator works 👉 https://www.youtube.com/watch?v=qzewNsUJJkY
📢 We have received several questions from the community regarding the Rebalancing Calculator. Below is the answer to one of the most common queries:
Q 1. Why does the quantity of Tokens go up and down, even when 52% of Tokens are allocated?
Ans. The quantity of tokens changes as the total value of the portfolio fluctuates. When the prices of individual tokens rise or fall, the number of tokens we need to purchase during the rebalancing process to maintain the portfolio's value is affected.
For example, if we currently have a $390 million unbalanced portfolio, after rebalancing, we will still have a $390 million balanced portfolio, but the distribution of tokens may vary based on market prices. So, if prices increase, the quantity of tokens may decrease, and if prices decrease, the quantity of tokens may increase.
For more detailed answers to additional FAQs, please read our updated blog here 👉 https://wrx.gg/rcfaqs
Thank you for your continued patience and support 🙏
Q 1. Why does the quantity of Tokens go up and down, even when 52% of Tokens are allocated?
Ans. The quantity of tokens changes as the total value of the portfolio fluctuates. When the prices of individual tokens rise or fall, the number of tokens we need to purchase during the rebalancing process to maintain the portfolio's value is affected.
For example, if we currently have a $390 million unbalanced portfolio, after rebalancing, we will still have a $390 million balanced portfolio, but the distribution of tokens may vary based on market prices. So, if prices increase, the quantity of tokens may decrease, and if prices decrease, the quantity of tokens may increase.
For more detailed answers to additional FAQs, please read our updated blog here 👉 https://wrx.gg/rcfaqs
Thank you for your continued patience and support 🙏
📢 Enhancements made to Rebalancing Calculator
Based on community feedback, we have made some enhancements to the Rebalancing Calculator like Currency Preference.
Read this blog to know more 👉 https://wazirx.com/blog/new-enhancements-to-the-rebalancing-calculator/
Based on community feedback, we have made some enhancements to the Rebalancing Calculator like Currency Preference.
Read this blog to know more 👉 https://wazirx.com/blog/new-enhancements-to-the-rebalancing-calculator/
📢 There’s some confusion or misinformation about how liquid assets are being managed. Whether it’s due to misunderstanding or malicious intent, we want you to have the facts and full clarity about the restructuring process. Here’s an example to make it clear:
1. Before the hack, let’s say the total assets were 1 BTC and 1 ETH, equally shared among 5 users.
2. At the time, 1 BTC was worth $100, and 1 ETH was worth $50, making the total value $150. Each user’s share was $30 ($150/5).
3. Unfortunately, 1 ETH was stolen in the hack.
4. Later, BTC’s price increased to $150.
5. Now, the portfolio value is back to $150 due to BTC’s price increase. Each user will still get their $30 share.
This means WazirX doesn’t keep the $50 gained from BTC’s price increase. It goes to you, the users.
Don’t let anyone mislead you. You deserve the truth, and we’re here to ensure you get it. The upside belongs to you ✌️
1. Before the hack, let’s say the total assets were 1 BTC and 1 ETH, equally shared among 5 users.
2. At the time, 1 BTC was worth $100, and 1 ETH was worth $50, making the total value $150. Each user’s share was $30 ($150/5).
3. Unfortunately, 1 ETH was stolen in the hack.
4. Later, BTC’s price increased to $150.
5. Now, the portfolio value is back to $150 due to BTC’s price increase. Each user will still get their $30 share.
This means WazirX doesn’t keep the $50 gained from BTC’s price increase. It goes to you, the users.
Don’t let anyone mislead you. You deserve the truth, and we’re here to ensure you get it. The upside belongs to you ✌️
FAQ: Why is there a difference between the investment value and the rebalancing calculator value?
A: The Rebalancing Calculator displays Your Claims as of 18 July at 1 PM IST, which represents the total value of your WazirX platform crypto account balance.
Your initial investment value will vary as cryptocurrency prices can fluctuate widely due to a number of market factors. Investing in cryptocurrencies involves significant risk and may result in losses.
A: The Rebalancing Calculator displays Your Claims as of 18 July at 1 PM IST, which represents the total value of your WazirX platform crypto account balance.
Your initial investment value will vary as cryptocurrency prices can fluctuate widely due to a number of market factors. Investing in cryptocurrencies involves significant risk and may result in losses.
FAQ: Will I get USDT or my token?
A: The Rebalancing Calculator displays Your Claim as of 18 July 2024 at 1 PM IST in both USD and INR and Your Share of Liquid Assets, which will be made available for distribution to you upon the Restructuring Effective Date.
Your Share of the Liquid Assets USD value will be distributed to you in cryptocurrency tokens, in accordance with the token denominations that represent Your Claim, as displayed on the Restructuring Calculator. The quantity of tokens will vary depending on the individual price movements of the tokens that represent Your Claim when the rebalancing occurs.
For more detailed answers to additional FAQs, please read our updated blog here 👉 https://wrx.gg/rcfaqs
A: The Rebalancing Calculator displays Your Claim as of 18 July 2024 at 1 PM IST in both USD and INR and Your Share of Liquid Assets, which will be made available for distribution to you upon the Restructuring Effective Date.
Your Share of the Liquid Assets USD value will be distributed to you in cryptocurrency tokens, in accordance with the token denominations that represent Your Claim, as displayed on the Restructuring Calculator. The quantity of tokens will vary depending on the individual price movements of the tokens that represent Your Claim when the rebalancing occurs.
For more detailed answers to additional FAQs, please read our updated blog here 👉 https://wrx.gg/rcfaqs
Watch this example-based explanation of how the Rebalancing Calculator works 👉 https://www.youtube.com/watch?v=O0DT4xap8II