Quote from: 1Referee on November 01, 2017, 09:46:08 PM

Quote from: erk on November 01, 2017, 09:07:59 PM

I am not sure what they mean by percentage redeemed, does that mean taken out of circulation by WEX buying them back at market not 1:1 ?

They used the significantly lower rates of the debt tokens to buy them back on the market, and thus lower their active debt without paying the full 1:1 price. In other words, people who put their coins in the market, will never get 1:1 as WEX will buy these debt tokens at current rates. You will only get paid the full 1:1 ratio (if ever) if you patiently keep them in your account. It was to be expected, and honestly, you can't blame them for buying back their debt at far lower rates. All tokens move below the 0.6 level, and some even below 0.5 currently.

Do you have to be verified in order to obtain the 1:1 token payback? As WEX buys back more and more tokens will the ratio get closer and closer to 1 rather than .5 what is is now?