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.
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.