WazirX has introduced an important sixth Townhall scheduled for February 12, 2025, at 5:30 PM IST on YouTube. This session is anticipated to deal with the redistribution scheme, together with how customers can increase objections in opposition to claims and take part within the voting course of to approve the scheme. However right here’s the massive query: Will or not it’s clear, or is that this simply one other managed narrative the place customers get no actual say?
One of many greatest considerations amongst customers is how the voting shall be performed. WazirX has beforehand said that an unbiased third occasion would oversee the method to make sure equity. Belief is already at an all-time low, and with out clear particulars on who precisely will conduct the voting, this whole scheme dangers turning into a manipulated train relatively than a good course of.
WazirX has 4.4 million customers ready for solutions, but previous townhalls recommend that solely round 2,000 individuals would possibly get to vote. If that’s the case, how honest is the method? The entire concept of a democratic vote is meaningless if an amazing majority of affected customers don’t have any say. The equity of this whole restructuring hinges on whether or not all customers get an opportunity to vote, not only a cherry-picked fraction.
WazirX not too long ago launched the rebalanced portfolio and promised that 85% of customers’ USD portfolio worth can be returned instantly. That’s a step in the proper course, nevertheless it doesn’t reply the larger questions like, who ensures the voting course of is official? Or how will they assure most consumer participation? With out readability, these guarantees really feel extra like distractions from the actual challenge, management over the decision-making course of.
WazirX has disabled YouTube feedback in each previous townhall, making it not possible for customers to voice their considerations. If they really need transparency, they need to permit open discussions as a substitute of shutting customers out.
Previous to this townhall, WazirX must clarify who this unbiased third occasion shall be, the way it can guarantee its customers of a good vote, and whether or not all 4.4 million impacted customers will obtain their due share. If these vital questions proceed to be dodged, customers must see this for what it’s, a narrative-management device, relatively than a transparency engagement.
Additionally Learn: WazirX Rolls Out Claim Tracker & Wallet Migration Update
