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The proposal was unanimously approved and the vote was held from January 24th to 31st. With the support of the Relief Fund, individual her XPLA holders can now exercise their voting rights by delegating via proxy to validators who can vote on their behalf.
Overall, 75.32% of eligible participants voted. 100% voted in favor of the governance proposal.
After the vote, XPLA will begin working to support investors whose $XPLA coins remain tied up with FTX. A total of $19.6 million of his XPLA will be transferred to the reserve wallet and used to bail out affected investors.
Ecosystem participants can check the status of the transfer as the transferred XPLA is stored in the contract.
Once objective proof of ownership becomes available, $XPLA can be claimed through legal process. The XPLA team is also looking to support owners who have already secured proof of title in case court proceedings are delayed.
XPLA is the first blockchain to develop and approve a relief fund for owners associated with the FTX exchange.
XPLA also explained that the voting process is completely transparent.The process XPLA Vault and XPLA Explorer Advanced middleware based on XPLA mainnet. XPLA expects the transfer process to be completed in his March. All details are open and can be found on XPLA’s official community channels.
Paul KimCEO XPLA, discussed the results of the vote. Mr Kim said: We couldn’t be happier that our ecosystem has approved this relief fund. These are unprecedented times and our community has supported each other through them.
This is in stark contrast to the refusal of holder support votes attempted by other blockchain projects after the FTX incident. We look forward to beginning the process of making holders whole again.
The XPLA team and XPLA chain ecosystem participants may have revealed the potential for practical support. This example can also be given to the digital asset industry for future use.
