THORChain is planning to address a $200 million debt crisis by issuing Equity Tokens

BlockBeats News, February 3rd, as part of the effort to address the debt crisis restructuring, THORChain's governing body has passed a significant proposal to convert defaulted debt into equity tokens. Specifically, the approved plan involves converting defaulted debt into equity through issuing a new token called TCY to creditors. TCY token holders will have the right to permanently receive 10% of THORChain's revenue. (The Block)