By Nathan Ferguson
The lead investor of Celsius, BnkToTheFuture, has devised 3 suggestions focused on saving Celsius from being bankrupt whereas finding a suitable result favoring depositors and shareholders with funds that are caught on the venue.
3 Proposals by BnkToTheFuture to Save Celsius
On 30th June, Simon Dixon – the CEO of BnkToTheFuture – shared 3 exclusive proposals taking into account either 2 choices of relaunching and restructuring Celsius, or likely capitalizing on the venue simultaneous to the prosperous Bitcoin (BTC) whales. The first of the 3 proposals mentions that the depositors will be permitted to take advantage of any of the recoveries via financial engineering.
After that, the 2nd proposal suggests that a pool comprising the most dominant Bitcoin whales should co-invest along with the community. Following this, the 3rd and the last proposal points toward making a strategy to permit an exclusive body and group to reconstruct as well as benefit the depositors.
Formerly, Dixon cited the financial innovation that is required to be implemented on Celsius, just like the release of equity debt tokens similar to Bitfinex (that took place in 2016) the development of which was done to make them represent up to $1 as per token debt. They are confident that the entirety of the endeavors should be done to give prominence to the depositors to sustain the value of shareholders, as noted by the team, adding that a shareholder conference will be called for by them and the Celsius board cannot ignore that.
They also mentioned that more than 5% of the shares on Celsius are held on the behalf of the “Bnk To The Future Capital SPC” and thus they think that this permits them to organize a shareholder conference as included in their legal rights specified for the shareholders that cannot be overlooked by the board of Celsius.
Another thing suggested by BnkToTheFuture is that following the respective proposals are initially submitted by them to Celsius as well as the advisors thereof, it is at the moment pursuing a way to put pressure on the company following being apprehensive about the shortage of time and the unavailability of a proper strategy.
Celsius May Possess Its Exclusive Solution
A blog post was published on 1st July in which it was disclosed by Celsius that the platform is operating on becoming substantially rapid to stabilize the liquidity problems thereof and share additional information with its community. Celsius expressed that it is delving into the options dealing with the protection of its assets like making systematic transfers and their liabilities’ restructuring, among the rest of the avenues.