$OX greatly improves upon exchange token models, allowing users to trade for FREE if their staked % $OX is above their volume %
Even better, for the first year we have a Bonus Staking Multiplier, giving up to 12X free volume 🧵👇 2/ The initial multiplier will start at 12X
Meaning traders can secure a 100% trading fee rebate on a trading volume percentage equivalent to 12X their current staked $OX tokens
The multiplier will decrease by 1 every month throughout the year until it returns to 1X
May 23, 2023 • 9 tweets • 2 min read
1/ Enabling users affected by crypto bankruptcies to find liquidity is at the heart of our product
However at the other side of the trade is the claims buyer
OPNX are opening the claims buying market up from a small number of participants to a market available to anyone 🧵👇
2/ Features of the OTC claims market:
- Notoriously opaque
- Plagued by high fees and barriers to entry
- Only makes sense for large claimants
- Price dictated by a small number of players
- Lacking liquidity
- Transactions are irreversible
May 19, 2023 • 11 tweets • 2 min read
1/ Tokenized claims will be going live on OPNX Soon™
OPNX grants you far more degrees of freedom than any other option. Once you have tokenized your claim, which route will you take? 🤔
A thread 🧵 on the 3 types of OPNX claim tokenizooor 🥸👇
2/ 1️⃣ The Holdooor 🧑🏻🤝👩🏽
The Holdooor is very cautious in nature. He wants to make sure that he gets the best possible payout on his claim. He doesn't necessarily want to liquidate his claim immediately & is willing to wait for more updates in the bankruptcy proceedings
May 15, 2023 • 9 tweets • 2 min read
1/ How the tokenization of crypto insolvency claims opens the floodgates for billions of dollars of trapped liquidity to re-enter the market 🌊💸
A thread 🧵👇
2/ The insolvency events of firms such as @FTX_Official, @CelsiusNetwork and others have affected 20M+ users and left over $20B of crypto market liquidity sidelined while insolvency proceedings are undertaken
May 12, 2023 • 12 tweets • 3 min read
Why tokenize your crypto bankrupcy claim VS other options? A thread 🧵👇
1/ From a claimant standpoint, crypto bankruptcies are fraught with frustration
Following the standard pathway, claimants face multi-year waits (or more) for claim payouts
Processes are subject to constant delays, adverserial incentives and uncertainty about when / how much
May 8, 2023 • 10 tweets • 2 min read
9 reasons crypto bankruptcy claims trading on orderbooks is so urgently needed. A thread 🧵👇
1) Immediate value unlock🔓: Claimants can immediately unlock and utilize the value in their claims, avoiding the significant opportunity costs of waiting years for claim maturation
May 1, 2023 • 10 tweets • 2 min read
1/ Claims on OPNX: Why and How 🧵👇
Problem: Millions suffered subsantial financial losses in the market collapse last year
Worse still, 20M+ people were left with $20B+ in personal funds frozen on insolvent platforms like FTX & Celsius—with no way to access their trapped funds
2/ Solution: OPNX will soon launch a marketplace for claims onboarding & trading on public orderbooks, allowing claimants to unlock the value in their claims
This saves years of waiting, enabling claimants to put trapped capital to work and avoid significant opportunity cost
