Today is an important day for Wazirx customers, as Wazirx Balloting is going to end the IST at 6 pm today. Starting from March 19, this is a chance to take important decisions for the future of the voting platform. In this voting, 4.4 million users of Wazirx have the opportunity to give their opinion, which will affect the restructuring plan of the platform.
Just a few days ago during wazirx balloting A new twist came in Wazirx Restructuring PlanIn which Wazirx made an important announcement that it has $ 478.5 million “liquid assets”. This announcement is considered very special for the company’s future and return of users’ funds.
Important decision for users
Users have limited options. Wazirx Control has warned that if the restructuring proposal is rejected, there may be more suspension of funds, some of which have been stuck for the last 9 months. As such, Wazirx is at a significant turn for balloting users, where a wrong decision can cause even more major problems.
There will be 3 days after the end of Wazirx Balloting, after which a third party auditor will review votes. After this, the results of the vote will be announced on 8 April. During this time, Wazirx Customers are constantly trying to take legal steps. Recently, the National Consumer Disputes Redressal Commission (NCDRC) dismissed several complaints of users and now users are expecting interfense from the Supreme Court after the Delhi and Kerala High Court.
Protection of funds
The biggest issue of Wazirx Customers is that their funds are not safe. Wazirx has promised that if the restructuring proposal is approved, they will refund 85% of users’ portfolio, which can cause a relief for users whose funds have been stuck for a long time.
Conclusion
Now Wazirx balloting Everyone’s eyes are on this important decision on the last day of. Will Wazirx Balloting Users open a way of change or will it prove to be a late taken step? It must be seen whether users are involved with accuracy in this decision or it will increase further difficulty for the future of the platform. Wazirx balloting can certainly prove to be a turning point.
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