1.7.1 Claim Registration -Custom Code

In order to tokenize your claim on D/Bond market place, you need to first find your custom code, this number is sent to the email associated with your FTX account, from [e-mail]

All data comes from the public disclosure of Ftx’s claims agent, Kroll, and is open to all users. https://media.ra.kroll.com/ftx/schedules/1/FTXSchedules.html

Kroll published the list of balances held by FTX creditors at the time of bankruptcy. However, this data was anonymized by a "customer code" (not to be confused with the FTX user ID).

IF YOU ARE A CUSTOMER, IN ORDER TO IDENTIFY YOUR CLAIM ON THE SCHEDULES AND STATEMENTS, PLEASE REFER TO THE CUSTOMER CODE PROVIDED TO YOU BY THE DEBTORS.

If you are an FTX creditor WITH a positive balance at the time of bankruptcy:

[...] had a net positive account balance as of November 11, 2022 and you do not receive this email by March 31, 2023, please contact [e-mail] with your full name, your contact information, the username associated with your FTX account, your account number and/or any other identifying information.

Note: They will send it to the email associated with your FTX account.

Select the amount you wish to cashout

Once you've completed the KYC verification process through D/Wallet, you're ready to set up your offer and place it on the D/Bond OTC market. The platform operates using a Dutch auction method, which provides an efficient way to determine the price of the tokenized claim.

A Dutch auction (also called a descending price auction) refers to a type of auction in which an auctioneer starts with a very high price, incrementally lowering the price until someone places a bid. That first bid wins the auction (assuming the price is above the reserve price), avoiding any bidding wars. This contrasts with typical auction markets, where the price starts low and then rises as multiple bidders compete to be the successful buyer.

Here are the inputs you might need to provide to set up your auction:

• Claim Amount: This is the value of the unsecured claim you are tokenizing and putting up for sale.

• Minimum Price（reserve price）: This is the minimum amount you are willing to accept for your claim. The Dutch auction starts with a price higher than the reserve price and gradually lowers it until a buyer is found or it reaches the reserve price.

• Starting Price: This is the initial price at which the auction will start. It is typically set higher than the estimated value of the claim to attract potential buyers.

• Auction Duration: This is the length of time the auction will be open. During this period, the price will gradually decrease from the starting price towards the Minimum price.