Claim Dashboard
Claim onboarding
Pending claims
No Data
Past Claim History
Application Number
Claim amount
reOX Convert History

Frequently Asked Questions

Who verifies and tokenizes the claims?
OPNX has partnered with Heimdall, a tokenization solution provider, to manage the onboarding, verification, and tokenization of real-world assets for OPNX users, starting with claims.
Why should I convert my FTX claims?

Convert your FTX claim to get up to DOUBLE the value for your claim. Claims will initially be converted into reOX tokens at a 100% bonus of the market price, which will converge to 0% bonus over a period of 50 weeks. This means, during week 1, users will receive double the market price for their FTX claim.


FTX claim amount: $1 million

FTX claim price: $0.30

Week 1 reOX conversion amount with 100% bonus = $1 million * $0.60 = $600,000

*This example does not represent actual prices. Intended for illustrative purposes only.

What's the difference between reOX and OX tokens?
Reborn OX tokens (reOX) are OX tokens that unlock whenever preference for a claim is settled. reOX can be used immediately as collateral in OPNX’s credit system to trade crypto futures.
Why do FTX claims convert into reOX tokens?

An important concept to understand about bankruptcy claims is preference risk. That is, bankruptcy laws enable recovery of assets transferred to creditors within a 90-day period prior to the bankruptcy filing to ensure fair treatment among all creditors. As an exchange, FTX is likely to have numerous claims with preference or such 'clawback' risk.

To address preference risk related to FTX claims, we are converting FTX claims into Reborn OX (reOX), which will immediately serve as eligible collateral in the oUSD credit system on OPNX. In the case that a user's claim is determined to have preference, an equivalent dollar amount of the issued reOX tokens will be reclaimed from the user.

View More
Quick Links
What are OX tokens?