OPNX co-founders make a tender offer to CoinFLEX creditors: offering 25% equity and 1 billion OX

ChainCatcher news, Open Exchange (OPNX) co-founder Mark Lamb published an open letter to CoinFLEX creditors making a tender offer, where accepting creditors will collectively receive 25% equity in OPNX, distributed proportionally based on the size of their claims.

Additionally, CoinFLEX creditors who accept this offer will collectively receive 1 billion OX tokens through their OPNX accounts or via automated DeFi platforms like LlamaPay in a trustless manner, with a 10-year exercise period. The first 50% of creditors who accept the offer will receive 2/3 of the OX allocation, distributed proportionally based on the size of their claims, while the remaining 50% of signing creditors will receive 1/3 of that allocation, also distributed proportionally based on the size of their claims.