INTRODUCTION
The breaking of the system security protocol of the platform system led to the plan of distribution of assets by the Easyfi teams as major plan in disbursement compensation of financial assets to their users based on the token holder’s deposit of net assets in the system network.
INTENDED ACTION
The redistribution of the assets will kick start within 48 hours where maximum compensation will for the users whose net balance worth on the protocol is not greater than spot prices ($1000) while users who have net worth greater than spot prices will be paid in interim compensation schedule which means 25% upfront and 75% in EZ IOU. A reconciliation financial statement will issue out to each users on the restored EasyFi application network as a proof of payment evidence.
COMPLETE GUIDELINES PRIOR TO DISTRIBUTION
The following are the necessary guidelines before the distribution of tokens can commence for all users as follows:
ACCOUNT RAPPROCHEMENT
This is an essential step that needs to be donefor each account of token holders to verify the payment made of the transaction with date as a proof of initial deposit through snapshot.
DATA FINALIZATION
The next guide was to conclude on the net value of financial assets to be compensated which include the great value of data extraction and it takes a lot of time for the protocol teams to finalize in order to avoid any unnecessary error during compilation.
AGGREMENT FOR EZ IOU
After finalizing the data of original assets of the users, the following step was the creating and proving the swap contracts in creating an agreement for token holders, afterward integrating of network system commences which will enables users to start collecting their EZ.
CONCLUSION
After the completion of necessary guidelines, the distribution of original assets of 25% deposited on Polygon application network as well EZ IOUs was carried out .This is a strategic plan to integrate users and more investors back into the network system.
To know more about Easyfi, kindly check https://easyfi.network
Article Written By : Adasofunjo Michael Oluseye