As some of the people managing the next steps for LENX has been banned from the original LENX community server on Discord, we have created a new LENX Discord server.
Dear LENX Community,
As we proceed with the decision to wind down the LENX Project and liquidate the treasury, we want to provide you with a clear and detailed explanation of the steps involved in the liquidation process. Your active participation and adherence to the outlined procedure are essential to ensure a smooth, secure, and compliant distribution of the liquidation funds.
The liquidation process will be conducted in several phases, as outlined below. Please carefully follow each step to ensure you receive your pro-rata share of the liquidation proceeds.
Action Required: All token holders must complete the Know Your Customer (KYC) form on our designated platform.
Details: The KYC platform will automatically perform KYC/AML (Anti-Money Laundering) checks to verify your identity and compliance with regulatory requirements. This step is mandatory for all participants to ensure a legally compliant process.
Deadline: Please complete the KYC form by August 31st, 2025. Failure to submit the KYC form within the specified time frame will result in forfeiture of your rights to the liquidation proceeds.
Important Update: In a few days, we will publish the link for accessing the KYC procedure. Please stay tuned for further announcements and be ready to begin the process as soon as the link is available.
Action Required: After successfully completing the KYC process, token holders will need to verify the ownership of their wallets.
Details: We will verify the signatures provided to prove ownership of the wallets associated with your XD tokens. Additionally, we will check the XD token balances in the verified wallets to confirm your entitlement.
Action Required: Once your wallet ownership and XD token balance have been verified, we will send you the Settlement Agreement.
Details: The Settlement Agreement will outline the terms of the liquidation and require your signature. By signing the agreement, you acknowledge and accept the forfeiture of any future claims against LENX and confirm the terms under which you will receive your liquidation proceeds.
Important: Ensure that the signature on the Settlement Agreement matches the one on your provided government-issued ID. This is crucial for the verification process and the subsequent distribution of funds.
Action Required: After we receive and verify your signed Settlement Agreement, you will be issued a new set of tokens called Liquidation XD Tokens (LXD).
Details: You will receive LXD tokens in an amount equal to your verified XD token balance. These LXD tokens will represent your entitlement to a portion of the liquidation proceeds from the LENX treasury.
Details: The portion of the liquidation funds you are entitled to will be based on the amount of LXD tokens you hold in your verified wallet. The distribution of these funds will occur following the conclusion of the liquidation process and after all necessary verifications and legal checks have been completed.
Timely Action: All steps in the liquidation process must be completed by August 31st, 2025. Delays in completing any step may result in delays in receiving your funds or, in some cases, forfeiture of your rights to the proceeds.
Accuracy and Compliance: Ensure that all information provided during the KYC and wallet verification processes is accurate and up to date. Inconsistent or incorrect information could result in additional verification steps, which could delay the distribution of funds.
Finality of Agreement: The Settlement Agreement represents a full and final settlement. By signing the agreement and receiving LXD tokens, you irrevocably waive and forfeit any and all rights, claims, and interests in relation to the LENX Project.
We are committed to supporting you through each phase of this process. If you have any questions or need assistance, please reach out to our support team at lenx.liquidation@proton.me.
Thank you for your cooperation in ensuring a smooth and compliant liquidation process.
Sincerely,
Lenx