the "Claim portal. The team will update you on important news to make the $XPLA support process run smoothly.

10 Feb 2023, 04:12
the "Claim portal." The team will update you on important news to make the $XPLA support process run smoothly. We will make a separate announcement when we find out about an additional bond information registration in addition to FTX Digital Markets Ltd. The methods of support as well as the overall time frame for which we are preparing may need to be revised or altered depending upon the circumstances. We will keep our official community updated on the next steps. With your assistance and enthusiasm, Team XPLA moves forward. Thank you.

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10 Feb 2023, 04:12
(10/02/23) Next Step for ‘Relief Fund Support’ Hi. This is Team XPLA. Team XPLA is here to inform you of a reference regarding FTX's petition for bankruptcy and the next step after the approval of ‘Relief Fund Support’ Proposal. [$XPLA Support Process] - As a means of protecting holders from the issues associated with FTX, Team XPLA will provide support with $XPLA from Reserve upon receipt of ownership information and other ancillary data. - Team XPLA anticipates that in accordance with the bankruptcy procedure of the court, individual holders will be able to identify their account information and balances data around the 23th of April. The overall support process is outlined below. - However, the steps are designed in accordance with the court procedure. Depending on the circumstances associated with retaining objective proof of ownership, the timeline will be followed as below. [Timeline] - Step 1 (~10 Mar) : Transfer 19,600,000 $XPLA to the Contract assigned from Reserve - Step 2 (10 Mar~) : Collect information to prove FTX individual holder’s ownership - Step 3 (24 Apr~) : Compare the proof of Ownership and request additional documents - Step 4 (15 May~) : Supporting process starts - Step 5 (TBA) : Retrieve supported $XPLA [Step 1] Before 10 March: Transfer of supply Since the proposal on "Assigning $XPLA from Reserve for FTX holders as support finance" was approved, supplies will be transferred during March. The Process procedure will be opened transparently under our transparency standard. [Step 2] 10 March~: Collect information to prove the ownership - As an alternative to preparing for a situation in which the legal delay of the bankruptcy proceeding delays the proof of ownership, Team XPLA will plan on making use of the supporting evidence that each individual has to support their claim. - We will gather data on FTX subscription information and the fact of possession. [Step 3] 24 April~: Compare the proof of Ownership and request additional documents - We will get ready to process the support based on the data that proves the ownership and the conclusion of a contract when the objective proof of ownership, like the retention quantity and establishment of an account, is provided to every FTX holder by 23rd April 2023, from the FTX bankruptcy procedure related legal jurisdiction organization - If verifying the information is difficult, we may request additional data to the Step 1 data. [Step 4] 15 May~ : Supporting process starts - Support will begin on 15th of May with evidence based on the data gathered. The details, like the specific support process, will be provided when the time comes. - To prevent the duplicate receipt of XPLA from the court’s bankruptcy process, an additional agreement can be concluded between XPLA Foundation and FTX holders. [Step 5] TBA: Retrieve supported $XPLA - Reclaiming the $XPLA that was supported will begin once the FTX bankruptcy issue is resolved or when the period for reclaiming $XPLA from locked FTX is possible. - The details on the $XPLA collection will be announced separately when we inform you about ‘[Step 2]’. ※Important※ Information on winding up a petition of FTX - We discovered that you can submit information regarding an FTX Claim of FTX Digital Markets Ltd. through the Claim Portal by PWC. * Claim Portal: - This is step 1(Claim register) out of a 5 process to verify and provide bonds, and it needs 3 categories of personal information to register a claim. Also, Step 4 offers you an opportunity to check the user’s balance. - The team anticipates precisely identifying the holder's account and balance information via the Claim Portal. To speed up the process of identifying balances, we strongly recommend that all the holders impacted by this FTX issue participate in this procedure. *Reference: We will use official data from organizations related to the FTX legal process as the first priority, even if the information is not identified through
(10/02/23) Next Step for 'Relief Fund Support'. This is Team XPLA.
(10/02/23) Next Step for ‘Relief Fund Support’ Hi. This is Team XPLA. Team XPLA is here to inform you of a reference regarding FTX's petition for bankruptcy and the next step after the approval of ‘Relief Fund Support’ Proposal. [$XPLA Support Process] - As a means of protecting holders from the issues associated with FTX, Team XPLA will provide support with $XPLA from Reserve upon receipt of ownership information and other ancillary data. - Team XPLA anticipates that in accordance with the bankruptcy procedure of the court, individual holders will be able to identify their account information and balances data around the 23th of April. The overall support process is outlined below. - However, the steps are designed in accordance with the court procedure. Depending on the circumstances associated with retaining objective proof of ownership, the timeline will be followed as below. [Timeline] - Step 1 (~10 Mar) : Transfer 19,600,000 $XPLA to the Contract assigned from Reserve - Step 2 (10 Mar~) : Collect information to prove FTX individual holder’s ownership - Step 3 (24 Apr~) : Compare the proof of Ownership and request additional documents - Step 4 (15 May~) : Supporting process starts - Step 5 (TBA) : Retrieve supported $XPLA [Step 1] Before 10 March: Transfer of supply Since the proposal on "Assigning $XPLA from Reserve for FTX holders as support finance" was approved, supplies will be transferred during March. The Process procedure will be opened transparently under our transparency standard. [Step 2] 10 March~: Collect information to prove the ownership - As an alternative to preparing for a situation in which the legal delay of the bankruptcy proceeding delays the proof of ownership, Team XPLA will plan on making use of the supporting evidence that each individual has to support their claim. - We will gather data on FTX subscription information and the fact of possession. [Step 3] 24 April~: Compare the proof of Ownership and request additional documents - We will get ready to process the support based on the data that proves the ownership and the conclusion of a contract when the objective proof of ownership, like the retention quantity and establishment of an account, is provided to every FTX holder by 23rd April 2023, from the FTX bankruptcy procedure related legal jurisdiction organization - If verifying the information is difficult, we may request additional data to the Step 1 data. [Step 4] 15 May~ : Supporting process starts - Support will begin on 15th of May with evidence based on the data gathered. The details, like the specific support process, will be provided when the time comes. - To prevent the duplicate receipt of XPLA from the court’s bankruptcy process, an additional agreement can be concluded between XPLA Foundation and FTX holders. [Step 5] TBA: Retrieve supported $XPLA - Reclaiming the $XPLA that was supported will begin once the FTX bankruptcy issue is resolved or when the period for reclaiming $XPLA from locked FTX is possible. - The details on the $XPLA collection will be announced separately when we inform you about ‘[Step 2]’. ※Important※ Information on winding up a petition of FTX - We discovered that you can submit information regarding an FTX Claim of FTX Digital Markets Ltd. through the Claim Portal by PWC. * Claim Portal: https://digitalmarketsclaim.pwc.com/ - This is step 1(Claim register) out of a 5 process to verify and provide bonds, and it needs 3 categories of personal information to register a claim. Also, Step 4 offers you an opportunity to check the user’s balance. - The team anticipates precisely identifying the holder's account and balance information via the Claim Portal. To speed up the process of identifying balances, we strongly recommend that all the holders impacted by this FTX issue participate in this procedure. *Reference: We will use official data from organizations related to the FTX legal process as the first priority, even if the information is not identified through