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Beloved tribe. 👋
As you know, we have recently launched a ‘Rebalancing Calculator’ to show how rebalancing will affect the distribution of Liquid Assets under the Scheme.
Based on community feedback, we’ve made some major improvements to it.These updates are aimed at improving usability and transparency.
- Currency preference. Users can now select their preferred currency, INR or USDT (previously limited to USDT).
- Price display. The price used for calculations is now displayed, providing greater clarity on the data used in the calculator.
As a reminder, please note that the Rebalancing Calculator is intended to help you understand how the proposed rebalancing will affect the distribution of Liquid Assets under the Scheme.
It will show how Zettai intends to rebalance the tokens to reflect the token denominations in each Driver’s platform balance.
Please note that the Rebalancing Calculator is for demonstration purposes only and will be updated daily with the latest market prices at 10 AM IST.
You can access the Rebalancing Calculator here
Important note:
- The Rebalancing Calculator is intended only demonstrative purposes and allows users to visualize their proportionate distribution of Liquid Assets in token denominations generally corresponding to the balances of the Creditors’ Platform accounts under a potential reorganization plan, which is still subject to approval by the requisite majority of creditors and sanction by a Singapore court.
- is the Rebalancing Calculator intended for experiments and understanding the proposed restructuring approach.
- The rebalancing calculator aims to demonstrate the restructuring approach to liquid assets only The amounts shown below the rebalancing counter are indicative only and are not a commitment by Zettai to any specific level or amount of recovery.
- is the Rebalancing Calculator subject to update and improvementand we will notify the Creditors as and when those updates are made.
Frequently asked questions
Q 1. What is the purpose of the Rebalancing Calculator?
A: To help you understand how Liquid Assets are expected to be rebalanced after the Reorganization is implemented, we have designed a “Rebalancing Calculator” which currently aims to show how the rebalancing will affect the distribution of Liquid Assets under the Scheme.
Q 2. Will market prices be updated regularly in the Rebalancing Calculator?
A: The Rebalancing Calculator updates the market prices every day at 10:00 AM IST and will represent what the rebalancing would look like if it happened on that day; There is no continuity with the Rebalancing Calculator product from the previous day.
Q 3. Does the Rebalancing Calculator guarantee specific recovery amounts?
A: The rebalancing calculator is intended to show only the restructuring approach to net liquid assets. The amounts shown under the rebalancing calculator are indicative only and do not represent any specific level or recovery amount commitment by Zettai.
Q 4. Will I get the exact marks shown on the Rebalancing Calculator?
A: Amounts shown are indicative only and do not constitute a commitment by Zettai to any specific level or amount of compensation.
Q 5. Are there certain assets that will not be included in the Rebalancing Calculator?
A: The Rebalancing Calculator does not cover Illiquid Assets or any other potential recoveries we are working on, such as the resumption of WazirX platform operations, white knight collaborations and stolen tokens recovery, all of which are being worked on to improve creditor recoveries.
Q 6. Which token prices will be considered for the actual recalculation?
A: The actual rebalancing will take place in the near future and the details will be disclosed to the creditors after the rebalancing.For now, the Rebalancing Calculator will help you understand what the rebalanced liquid assets will look like as per your claim.
Q 7. Why is there a difference between investment value and rebalancing calculator value?
A: The Rebalancing Calculator displays your claim as of July 18, 13:00 IST, representing the total value of your WazirX platform crypto account balance.
Your initial investment value will vary because the prices of cryptocurrencies can fluctuate widely due to a variety of market factors.Investing in cryptocurrencies involves significant risk and may result in losses.
Q 8. Why do tokens increase and decrease daily?
A: Cryptocurrencies are like any other investment and their value can fluctuate widely due to a number of market factors, including:
Market demand and supplyLike any asset, the price of cryptocurrencies is affected by the balance between buyers and sellers. With limited supply, high demand can drive prices up, while low demand can cause prices to fall.
Investor sentiments. News, social media and public perception can significantly influence investor sentiment. Positive news can lead to increased buying, while negative news can stimulate selling.
Regulatory news. Announcements by governments and regulators about the legal status and regulation of cryptocurrencies can cause price fluctuations.For example, news of a country banning or restricting the use of a cryptocurrency can cause prices to fall.
Technological developments. Innovations, improvements or security breaches in the underlying blockchain technology can affect the value of cryptocurrencies. Successful updates can boost confidence and prices, while security issues can lead to declines.
Macroeconomic factors. Broader economic trends such as inflation rates, interest rates and economic stability can also affect cryptocurrency prices.
Q 9. Will I receive USDT or my token?
A: The Rebalancing Calculator shows your claim on 18 July 2024 at 1:00 PM IST in both USD and INR and your share of Liquid Assets will be available for distribution to you from the Effective Date of Rebalancing.
Your share of liquid assets will be allocated to your available cryptocurrency tokens according to the token denominations representing your claim, as shown in the Reset Calculator. The number of tokens will change depending on the individual price movements of the tokens representing your claim when the reset takes place.
Q 10. I should get about x/2 (52%) tokens but I am getting less tokens.Why is the number of tokens decreasing daily as the market price increases?
A: The Rebalancing Calculator shows your claim on 18 July 2024 at 1:00 PM in both USD and INR and your share of liquid assets that will be available for distribution to you from the Effective Date of Restructuring.
Your share of liquid assets will be allocated to your available cryptocurrency tokens according to the token denominations representing your claim, as shown in the Reset Calculator. The number of tokens will change depending on the individual price movements of the tokens representing your claim when the reset takes place.
Disclaimer: Cryptocurrency is not legal tender and is currently unregulated. Please ensure that you exercise sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information presented in this section does not represent any investment advice or WazirX’s position reserves the right, at its sole discretion, to modify or amend this blog post at any time and for any reason without notice. prior notice.
