WazirX is stepping up its efforts to bring more transparency and make the ongoing restructuring process easier for users. Recently, the platform introduced a Preliminary Creditor List and a new 18th July Page within its app, giving users a clearer view of their claims and balances.
The Preliminary Creditor List lets creditors check their claim amounts in USD using a unique UUID. To maintain privacy, the list doesn’t include any personal information, but users can still request to view other creditors’ claims during the Inspection process. The list is organized by claim value, which makes it much easier to navigate. Plus, WazirX has added a “Find My Balance” feature to help users quickly locate their specific claim details, ensuring the process stays transparent and accessible.
The 18th July Page is another useful addition, giving users an overview of their token balances and deposits based on the 1 PM IST on July 18, 2024. As such, this page is newly present in the fund’s section and app homepage so users can easily monitor their holdings throughout the restructuring.
In addition to the updates, WazirX also mentioned that it is on the way to migrating its wallet, transferring funds from its current cold wallets to fresh ones. This provides for better fund management, better security, and more efficient operations. The migration process will be completely transparent as well as help strengthen the platform in the long run, WazirX said in a statement.
These updates indicate that WazirX aims to provide its users with greater clarity about their assets and claims. Tracking their claims provides creditors peace of mind in the course of restructuring, and migrating the wallets is supposed to make everything feel more secure and run smoothly. WazirX encourages users to keep themselves updated by regularly checking the app for new announcements.
Also Read: Exclusive: Will WazirX Users Pay Tax on Tokens They Receive?
