Uncertainty is the worst. What token holders can expect now?

Question

Uncertainty is the worst. What token holders can expect now?

If we have a look at Proposal #110 on EverDAO, voting for the Everscale Token Recovery Plan is scheduled for tomorrow, finishes the day after tomorrow and execution starting from Thursday. This is a time reference for when token holders can expect to be able to exchange old tokens for new ones. I hope by Thursday there will be detailed instructions for token holders 🤞 Please, let us know if the above is not correct.
Proposal #110

To reinstate regular trading and cross-chain transfers of WEVER, we propose the following steps:

-- Deploy a new WEVER ERC-20 smart contract and immediately connect it to Octus Bridge;
-- Redirect all trading activities on centralized platforms to this new token;
-- Introduce an automated process to facilitate the exchange of the old WEVER ERC-20 tokens for the new version. This procedure will integrate semi-automated Anti-Money Laundering (AML) screenings to discern any connections with the misappropriated funds;
-- Offer current WEVER ERC-20 token stakeholders an appeals mechanism if their funds do not pass the AML screening;
-- Set a final date for this exchange process on April 22, 2024. After this deadline, the old WEVER ERC-20 token will be considered obsolete and burned. The equivalent amount of frozen WEVER TIP-3 tokens on the Everscale platform will then be unfrozen, converted, and reallocated to the network's treasury.
...

#cryptocurrency #english #ton #toncrystal

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23.10.2023

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Aleksandr | Everscale · Accepted Answer

Some components of the proposal have already been set into motion, such as the deployment of the new ERC-20 token. Therefore, it might not be accurate to use it as a strict timeline reference. Given the unique and unscheduled nature of the situation, it's challenging to provide a precise prediction of its conclusion. On a positive note, it's possible that things may resolve sooner than anticipated, though there's also the potential for it to take longer. We're thankful for your understanding and patience 🙏

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Uncertainty is the worst. What token holders can expect now?

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