After months of problems, the restructuring of troubled Exchange Coinflex is about to graduate
After months of problems, the restructuring of troubled Exchange Coinflex is about to graduate
- Coinflex suspended the withdrawals in June after a single customer had not fulfilled a Margin Call, the stock Exchange shared with
- less than a million tokens were assigned to the veto against the plan
months after the unveiling of your $ 47 million production plans, the struck crypto exchange Coinflex wins the support of the community for your latest plan to save the company.
The Coinflex restructuring plan would give the creditors a 65 % participation. Existing regular shareholders and shareholders of series A lose equity. Investors of series B will continue to be shareholders, and 15 % of the company are reserved for an employee option plan that is performing overtime, said Coinflex in suggestion .
creditors receive Coinflex Redarken, RVUSD, equity and Flex coordinated the company.
in June, a week after the withdrawals were stopped due to a non-fulfilled margin call of a non-mentioned counterparty, the stock exchange announced that it was trying to procure missing funds by issuing a new token, RVUSD, which would achieve a return of 20 %.
"We are transforming a problem into an opportunity," said CEO Mark Lamb back then.
Since the beginning of the vote on Sunday, the restructuring plan has received the consent of 96 million Coinflex votes token
The voting period comes for a month after the stock exchange has applied for the restructuring on the Seychelles. If the plan is driven up as part of the current proposal, Coinflex keeps $ 10 million, the Termlet For the notes of the restructuring plan, an amount is of crucial importance to advance the restoration efforts.
"The 10 million are not only intended for the company's operation, but also finance legal costs in connection with RVUSD," said Lamb in the Telegram group of the Coinflex community. "RVUSD would be significantly less valuable if this trust had no meaningful support." With regard to the fact that the plan was decided, Lamb was carefully optimistic when he spoke to token owners. "I keep my breath," he said in a telegram message. "But it definitely feels like that, yes." . . The Post After Months of Issues, Troubled Exchange Coinflex’s Restructuring Poised to Pass is not a financial advice.