Digital Energy House

How To Recover All The Funds If We Can Just Raise $3.5m

My fellow affected users,
I believe at this point, our hopes from the legal process will see recoveries of 5-10% of the total funds. That's still a lot of recovered money, but it's also meaning that most affected users are still losing 90-95% of their funds. For me, this is my single largest financial loss. Many people on here have lost a lot more money, or are affected in serious ways.
I feel a profound sense of duty to help in any way I can. Below is a detailed process (modified version of my last proposal to fix a number of issues pointed out by other Reddit users) which should provide an opportunity to recover all of the lost funds over time. It can be executed now for $3.5m, and of that at least $2m will go right back to affected users within the first year. We have about $200m at stake here, individual users have lost $50m in some cases. It's hard for me to believe that we as a community couldn't pull together these funds.
All of this could be accomplished by purchasing the exchange assets and managing them ourselves in a specific manner. Here's a budget breakdown:
All of these costs add up to $3m and would be expected to purchase and enable the exchange to operate for one full year (12 months). As some costs may not be fully accounted for or unexpected costs can arise, it is recommended to set the funding target at $3.5m.
Raising this money is no easy task. I only have a few recommendations:
Once the funding is completed, the exchange development process would proceed.
Similar ideas have been tried and worked out successfully:
I feel very strongly in doing everything I can to help this situation achieve the best possible outcome. There is a great opportunity here. If we want to proceed with this, we need to build a team and raise the initial capital. I'm happy to help in any way I can, but I can't do this alone. We need some people to sign onto it who can see the potential and are serious about making it happen.
Thank you very much for reading and your support or feedback of this idea.
submitted by azoundria2 to QuadrigaCX [link] [comments]

Bitcoin Mining & Learning how to start with Crypto Currencies Unboxing Wirex Payment Card TRADE SMARTER ON BINANCE WITH 3COMMAS  Binance Trading Tool Gilt Dragon - Triangle Silver Coin Bitcoin Elliott Wave Technical Analysis

Now, Australia (and the world) is getting its first listed Bitcoin trader, in the form of Bitcoin Group Limited (ASX: BCG), which recently released its prospectus to interested investors. I’ll ... With a limited supply of only 500 million and long term consistent buybacks of ... Upon the TAO Exchange launch, TAOCOIN (TAO) will be integrated in technology wise with pairing to Bitcoin (BTC), Ethereum (ETH), and TRON (TRX). We will look to expand possible pairing with the Klaytn (KLAY) blockchain cryptocurrency. Current TAOCOIN (TAO) In Circulation: TAOCOIN (TAO) In Circulation: 0 of ... Growth prospectus is for SMEs (small and medium-sized enterprises) who are looking to raise capital via public offerings. Growth prospectus is a new term introduced in the new Prospectus Regulation… Aptorum Group Limited (NASDAQ: APM) (“Aptorum Group”), a biopharmaceutical company focused on the development of novel therapeutics to address global unmet medical needs, announces further positive data from its current investigational new drug (IND)-enabling studies for ALS-4, a small drug molecule candidate indicated for the treatment of infections caused by Staphylococcus aureus (or ... Thank you for taking the time to read this brief outline, and I hope that it helps you to create a compelling proposal to attract investment – whether it be through Venture Giants, or otherwise! How to present a powerful business presentation to Investors. Angel Investor Report published a how-to guide on pitching to investors. They suggested that startups need to: Tell a story; Keep it ...

[index] [30025] [8197] [50002] [12667] [7108] [6264] [45918] [10259] [34853] [3842]

Bitcoin Mining & Learning how to start with Crypto Currencies

Bitcoins Brain 0.3 hourly Bitcoins Brain is a new hyip in Btc that started on May 15Braincoins Brain proposes to make its neurons work join here Best site for earn profit 10 ... Bitcoin Mining & Learning how to start with Crypto Currencies. HashFlare Hashflare Coupon Code 17C28C05 This link will get you a Cyrpto Mining account on Cex and the first 100 ... - Outline the steps involved in implementing and maintaining an EnMS at your facility - Provide a step-by-step walk through of the Department of Energy’s online tool – 50001 Ready Navigator ... #binance #3commas #cryptocurrency Today I outline the benefits of using 3commas while trading cryptocurrency on exchanges like Binance and BitMEX. JOIN BINAN... That feeling when you #unbox your new Wirex Payment Card This one is for the #ASMR community Download now: ⚡ if you'd like to support Wirex, please throw this video a like ...