Join LUP to Calculate Your Refund
The following information is required to join the Liquidation Upgrade Program:
Equal Distribution for All Token Holders
€25 MILLION
added refund
Equal Distribution for All Token Holders
€25 MILLION
added refund
The following information is required to join the Liquidation Upgrade Program:
Member benefits:
Statement by Trado/envion's founders: The purpose of the Liquidation Upgrade Program is to help all envion token holders recover as much of their investment as possible and maximize any potential benefit from envion’s liquidation.
Since Matthias Woestmann and Thomas van Aubel and their companies blocked any attempt to execute envion’s business model, starting immediately after the ICO, which eventually led to the current liquidation process, the minimum token holders deserve is to be treated fairly with the best potential result in the liquidation process. Therefore, we have set up the Liquidation Upgrade Program for all token holders to support that all persons holding EVN tokens are treated fairly and equally during the liquidation process.
We have donated funds resulting from our involvement in envion to the Liquidation Upgrade Program (after covering project related costs), including:
Our intention is that token holders will not incur any additional costs by signing-up for the Liquidation Upgrade Program, but only gain an advantage in terms of an additional payment on top of whatever the liquidator pays out.
In order to distance the execution of LUP's activities of from Trado and the founders, the Liquidation Upgrade Program is managed by a wholly-independent trustee responsible for pursuing damages claims and dispersing reward funds to Liquidation Upgrade Program members.
Liquidation Upgrade Program members have access to an additional pool of funds – not accessible to non-members – since envion’s founders will add money awarded to them by the liquidator for the remaining team tokens and damage claims to the pool of funds distributed to LUP members in addition to liquidation funds.~
| LUP Members | Non-Members | |
| Remaining envion funds | ||
| Founder Tokens (currently 5.8M EVN) | ||
| Damage claims up to €20 million* | ||
| Other funds awarded to founders/Trado e.g. shareholder payout** |
* Amount assessed by attorneys.
** Based on $50 million of remaining assets. (Estimate made before assets reported by liquidator 6/30/20.)
Schott has over 30 years of experience in the real estate and finance sectors, with expertise ranging from investment banking to securitization. Currently, Peter is Managing Director of RSI Group in Frankfurt-Wiesbaden, where he provides comprehensive support in connection with commercial and residential real estate investments and transactions, asset and portfolio management and optimization, financing, and debt advisory.
Prior banking positions include managing director and head of the securitization business unit at Westdeutsche Immobilien Bank AG (WestImmo), as well as managing director and head of credit treasury at Aareal Bank AG, both specialized commercial real estate financing banks.
The Liquidation Upgrade Program is managed by an independent trustee with long-standing experience in the finance industry. The trustee will be solely responsible for the transfer, safekeeping, and distribution of funds to token holders as well as pursuance of damages claims.
The trustee will be advised by a legal team of external international lawyers. He will make the relevant results of such legal advisory available to program members.
The Foundation is transparent about its operations, management, and motives.
The founders and Trado will provide any assistance requested by the trustee, but will not play any role in the management of the Liquidation Upgrade Program.
Your representation is paid for by envion’s founders. There are no costs paid by members for the services of the trustee. The payout of additional funds by the trustee to LUP members occurs WITHOUT members paying any fees.
Any such award amount from the Liquidation Upgrade Program will be in addition to any award amount distributed to you directly from the liquidator.
Everyone with EVN tokens will be represented equally whether you purchased tokens during the ICO, on an exchange, from a friend, or something else.
A unified front for token holders will simplify and quicken the liquidation process. Participating in the Liquidation Upgrade Program will minimize disputes between token holders and reduce unnecessary legal fees that lower the total amount of assets eligible for dispersal to token holders.
The Liquidation Upgrade Program will advocate on behalf of all token holders to prevent time and cost consuming activities during the liquidation process or the exclusion of any token holders from the process for any reason.
Instead, the Liquidation Upgrade Program will support the liquidator to make sure that the maximum amount of envion’s eligible assets are divided equally among the tens of thousands of supporters holding tokens.
The Liquidation Upgrade Program invites EVN token holders to stand together and show that there is power in numbers—power to ensure a fair and equitable outcome for everyone. If a large majority joins, then there is a higher probability that the liquidation will be over faster with less money wasted on envion's legal fees and other advisors during a protracted liquidation process.
Liquidation Upgrade Program members win no matter what.
When you give the Liquidation Upgrade Program trustee permission to represent you in the envion liquidation, they can advocate on your behalf with the liquidator and fight for your interests during any claims proceedings.
Trustee's legal position:
Note: the position above is the legal position of the Foundation only. Current information on the liquidation proceedings can be found on the liquidator’s official website: www.envion-konkurs.ch.
All token holders with envion tokens are eligible to participate, including ICO investors who did not receive access to tokens and those who were ineligible, but not yet refunded, provided that the liquidator accepts them as creditor in the liquidation process.
You may not be represented by more than one entity during liquidation proceedings.
The Liquidation Upgrade Program will provide ongoing updates on its webpage as the liquidation process continues to assure EVN token holders get a fast and fair payment from the liquidator. This includes information about whether token holders need to take additional steps to participate in the liquidation and information about complying with all requirements of the liquidation.
Do not wait. Sign up now to give the Liquidation Upgrade Program permission to represent before the liquidator calls a creditors' meeting. Make sure your voice is heard for a speedier resolution, fair and equal treatment for all token holders, and a higher liquidation award.