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With the Scheme, our goal is to maximize recoveries for all Creditors through the issuance of Recovery Tokens.

Once the Scheme becomes effective, we aim to distribute the Rebalanced NLPA within 10 business days. Additionally, Recovery Tokens (RTs) will be issued for the remaining claims. These RTs will be repurchased over time using asset recoveries and profit-sharing, providing further opportunities for recovery.

We believe this approach can offer a fair and efficient solution for our community, and we are grateful for your patience and support as we move forward together.

Read more about Recovery Tokens and their role in the Scheme 👉 https://wazirx.com/blog/first-distribution-and-recovery-tokens-what-wazirx-users-need-to-know/

WazirX Announcements ✔
With the Scheme, our goal is to maximize recoveries for all Creditors through the issuance of Recovery Tokens.

Once the Scheme becomes effective, we aim to distribute the Rebalanced NLPA within 10 business days. Additionally, Recovery Tokens (RTs) will be issued for the remaining claims. These RTs will be repurchased over time using asset recoveries and profit-sharing, providing further opportunities for recovery.

We believe this approach can offer a fair and efficient solution for our community, and we are grateful for your patience and support as we move forward together.

Read more about Recovery Tokens and their role in the Scheme 👉 https://wazirx.com/blog/first-distribution-and-recovery-tokens-what-wazirx-users-need-to-know/
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How Does Bitcoin Work?

Bitcoin is built on a distributed digital record called a blockchain. As the name implies, blockchain is a linked body of data, made up of units called blocks that contain information about each and every transaction, including date and time, total value, buyer and seller, and a unique identifying code for each exchange. Entries are strung together in chronological order, creating a digital chain of blocks. “Once a block is added to the blockchain, it becomes accessible to anyone who wishes to view it, acting as a public ledger of cryptocurrency transactions,” says Stacey Harris, consultant for Pelicoin, a network of cryptocurrency ATMs. Blockchain is decentralized, which means it’s not controlled by any one organization. “It’s like a Google Doc that anyone can work on,” says Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax. “Nobody owns it, but anyone who has a link can contribute to it. And as different people update it, your copy also gets updated.”

With the Scheme

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