Open Exchange, the derivatives and bankruptcy claim trading platform launched by Three Arrows Capital (3AC) founders Su Zhu and Kyle Davies, has unveiled a new variety of cryptocurrencies called Justice Tokens. According to OPNX, these tokens will be used to compensate members of the crypto community that are affected by defamation.
The first edition of these Justice Tokens will reportedly be used to compensate those affected by the alleged defamation from FatManTerra, a crypto influencer who emerged as the largest whistleblower for Terraform Labs after its dramatic collapse in May last year.
Open Exchange took to Twitter earlier today to announce that it would be launching the Justice Tokens later this week. The Justice Token whitepaper described them as independent meme tokens with no intrinsic value or backing. According to the whitepaper, one shouldn’t expect any returns from Justice Tokens.
The primary function of OPNX’s Justice Tokens (JT) is to return the cost of harm to victims of defamation. One variant of JT will exist for each specific defamation case and will compensate the...
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