THORChain plans to respond to the US$200 million debt crisis by issuing equity tokens."

Crypto 7x24

2025-02-03 16:17:54

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Online reports that as part of a restructuring effort to resolve the debt crisis, THORChain's management body passed an important proposal to convert defaulted debt into equity tokens. Specifically, the approved plan involves converting defaulted debt into equity by issuing a new token called TCY to creditors. TCY token holders are entitled to 10% of THORChain's revenue permanently.

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