Ouroboros Specifically Targets Smaller Scale Claims!

Platforms like FTX or Celsius provide support to debtors who previously experienced a lack of liquidity by automating the process of identifying claims of cryptocurrency insolvency and purchasing them. This support is extended to debtors owing $50,000.

Ouroboros Specifically Targets Smaller Scale Claims!

As Arceau, a boutique investment firm, we have developed a platform to automate crypto bankruptcy claims, similar to FTX or Celsius, and acquire small creditors who have limited access to traditional bankruptcy markets.

Last year, it was observed that a number of major crypto companies went bankrupt, unknowingly turning thousands of investors into creditors trapped in endless bankruptcy proceedings with their assets. For individuals whose assets are locked on the bankruptcy table, one way out is to sell their claims at a discounted rate on platforms like X-Claims or Claims Market. However, according to Louis d’Origny, co-founder of Ouroboros, the cost of assessing the situation significantly limits liquidity providers for individuals with small claims, such as $50,000.

Arceau has developed a platform that provides access to traditional bankruptcy markets for small creditors. The collapse of major crypto companies has led to thousands of investors becoming creditors, and Arceau’s platform offers a solution to this problem. Ouroboros presents a significant opportunity for the market by targeting small claims and providing liquidity.

About Ouroboros

Ouroboros is a proof-of-stake (PoS) consensus algorithm used by computers running the Cardano software to secure the network, validate transactions, and earn newly minted ADA tokens. This algorithm enables participants in the network to be selected as block producers through a selection process based on the amount of ADA they hold.

The functioning principle of a blockchain begins with the random selection of block producers, followed by the publication of these blocks on the network. Subsequently, other participants in the network utilize their computing power to verify and validate these blocks. The block producer secures the network and completes the process of verifying transactions in order to add the new block.