Frequently Asked Questions

Gross Proceeds Tokens, or NFTs can be purchased a multitude of ways.

1) The tokeniser during the initial sales phase called 'Minting' enables this process on the blockchain. This is usually a limited period of time after which the minting closes. This time is set by the tokeniser or simply ends because of the collection having been fully minted. To mint one requires an e-wallet and the required payment crypto such as ETH, USDC and others.

2) The tokeniser may authorised certain resellers to sell the minted GPNFTs, such as Solcomed, the Authorised reseller for GPBDO and GPWIN. Authorised resellers can sell GPNFTs by payment with a Credit Card.

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3) GPNFTs can be purchased, sold and traded in the open Ethereum blockchain on a peer-to-peer basis at any time during the lifecycle of the claim. A seller will receive 100% of the price paid on a sale and the transaction is effected through a smart contract. 

In all methods, on final adjudication of the claim, the gross proceeds will be paid into the digital wallet of the GPNFT holder. 

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Any and all gross amounts awarded or granted by any tribunal or any court, including as part of any settlement, in respect of a relevant litigation claim or arising out of and relating to any such claim, which are recovered, collected and received.

Gross proceeds rights do not qualify as a financial product and therefore the purchase and sale of the rights is not regulated.

Tokens and NFTs (Non-Fungible Tokens) are digital assets used in blockchain technology. 

Tokens are digital assets that are created, managed, and transferred on a blockchain. They can represent various things, in our instance gross proceeds tokens are utility tokens. Utility Tokens represent access to a specific product or service, in our case these are gross proceeds rights. There are different types of tokens, but two common categories are, Fungible Tokens and Non-Fungible Tokens. Non-Fungible Tokens (NFTs) are a special type of token that represents a unique asset. Unlike fungible tokens, each NFT is distinct and cannot be replaced with another of the same kind. NFTs are commonly used to represent unique items. Each NFT has a unique identifier or metadata that distinguishes it from others

Each GPNFTs – is minted to represent Gross Proceeds rights for a specific case. So GPNFTs are, each a unique digital asset representing ownership or proof of authenticity for Gross Proceeds to the Case recorded on the blockchain by means of a smart contract, presenting rights to Gross Proceeds in the respective case.

GPNFTs – as a direct interest in gross proceeds - are not securities and owners of GPNFTs are not exposed to the solvency or ongoing management costs and other expenses of a litigation fund or other corporate structure.

GPNFTs enable purchasers to personally select the GPNFTs that they wish to purchase (unlike investment in a portfolio of cases via a litigation fund) and GPNFT owners can seek to sell GPNFTs in the marketplace to counterparties on a peer-to-peer basis at any time they wish.

A purchaser of Gross Proceeds Token will not become a claimant to the “Case”.

The case is fully funded through to final adjudication including provision for any and all appeals processes. 

A purchaser can therefore have complete confidence in the sufficiency of funding for the case. 

It is important to note that a purchase of the GPNFT a is not litigation funding. A Gross Proceeds NFT  sole interest is the monetization of litigation gross proceeds via peer-to-peer trading – opening up that particular part of the industry to an entirely new audience and maximizing the liquidity pool available to investors who wish to trade gross proceeds rights. 

One of the key features of the GPNFT is that there are no management costs or other ongoing expenses or liabilities associated with owning GPNFTs. The gross proceeds payable to purchasers are not subject to deductions for funding costs or other adverse costs arising in connection with the case, for example in circumstances where the litigation becomes unduly protracted and extends beyond the expected timetable. NFT holders will not be liable for any liabilities arising in connection with the case, including adverse costs.

GPNFTs are unlike shares in a company, the performance and value of which is a function of the full range of business activities of the company and the success of its business practices and of individual managers.GPNFTs are simple – holders of GPNFTs will receive 100% of the gross proceeds attributable to their NFTs.

Litigation funds have significant annual expenses with no income from their portfolio of cases until judgement or settlement. GPNFTs have no exposure to the solvency and success of a fund nor to the tokeniser of the GPNFT. 

Forum: Le tribunal judiciaire de Paris – France

Claimants: Murat Hakan Uzan & Cem Cengiz Uzan

Case: N° RG 21/11358 - N° Portalis 352J-W-B7F-CVEST (the “Winterfell Case” also referred to as Case of the Century). 

Defendants: Jointly & Severally for the totality of the case: TASARRUF MEVDUATI SIGORTA FONU Savings Deposit Insurance Fund (Turkey) and Motorola Solutions Credit Company LLC;

Together with each party for their own participation and contribution to the damages : Vodafone Group Public LTD. CO., Mrs. Suzan SABANCI, Mrs. Cigdem SABANCI, Mrs. Vuslat SABANCI, Mrs. Serra SABANCI, Mrs. Sevil SABANCI, Mrs. Dilek SABANCI, Mr. Omer Metin SABANCI, Mrs. Turkan SABANCI, Mr. Nihat OZDEMIR, Mr. Batuhan OZDEMIR, Mrs. Filiz SAHENK, Mrs. Deniz SAHENK, Mr. Ferit SAHENK, Arzuhan YALCINDAG, Mr. Zeki ZORLU, Mr. Ahmet Nazif ZORLU, Mrs. Ebru OZDEMIR KISLALI, Mr. Asim KIBAR, Mr. Ali KIBAR, Mr. Aydin DOGAN, Mrs. Hanzade Vasfiye DOGAN BOYNER, and others (Total 60 Defendants).

Quantum: 68.9 billion USD + the principal amount continues to accrue, through the continuation of the operation of the businesses and therefore through the accumulation of further dividends, throughout the duration of the litigation, plus interest.