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ThorChain approves plan to restructure 200 million USD debt

THORChain’s restructuring plan involves converting 200 million USD in debt into TCY tokens valued at 1 USD each. Token holders will receive 10% of network revenue forever. However, there are concerns about the plan’s legality and its complexity.

Some community members express doubts over the plan’s viability, citing THORChain’s past financial mismanagement. There are fears that issuing these tokens could lead to legal issues and might not sustain promised revenue distributions.

This is community-generated content, not advice from ONUS.
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