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Recovery Right Token (RRT) Statistics

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Recovery Right Token

RRT

0.03367144
Price (USD)
-2.72%
24h Change
0.00000912
Price (BTC)

Cryptocurrency Information

All-Time High USD
0.0450
Since All-Time High Change
-25.20%
All-Time High Date
2018-11-10

Marketcap (BTC)
0.00000000
Marketcap (USD)
0.00

24h Volume (USD)
267.03

7d Change
0.47%
14d Change
1.29%
30d Change
-5.38%

Circulating Supply
0
Total Supply

Influence Statistics

Alexa Rank
0
Facebook Likes
0
Twitter Followers
0

What is Recovery Right Token?

Recovery Right Tokens (RRTs) are digital tokens evidencing a limited-recourse, contingent obligation of the Bitfinex Group. RRTs are notional credits, are solely dependent on the Bitfinex Group’s recovery of Losses sustained during a theft in August 2016, and are subordinated to any and all other claims against the Bitfinex Group, including claims related to the Losses.

RRTs were initially created as an incentive for BFX token holders converting to equity; that in the event of any recovery of stolen bitcoins from Bitfinex, BFX token holders would be repaid first, followed by any remaining bitcoins being distributed among RRT holders. As of April 03, 2017, all outstanding BFX tokens have either been converted to equity or redeemed.