The distribution of Ethereum will be performed in 2 rounds.
Round A.
This stage will last 6 – 24 months from the launch date.
At this round there will be a fixed exchange rate, and any holder of WIZ tokens will be able to exchange her WIZ tokens to ETH on the contract.
1,543.9 ETH is to be distributed to the holders of 11,169,313 WIZ tokens, of which 5,530,313 were previously burnt. This leaves us with 5,639,000 exchangeable WIZ tokens, or 0,000273789679021 ETH/WIZ token burnt.
You can read the instructions on how to claim the ETH in round A here.
Round B.
This round will commence immediately after Round A is complete.
At this stage I anticipate that some ETH balances will remain unclaimed. Whatever the reason why some owners will decide not to claim the balances is not important. Some may loose their keys others will be optimistic enough to believe that the project will take them to the moon. Regardless, it would be a waste to leave the ETH balance frozen in a dead contract.
Therefore at Round B all participants who burnt their WIZ tokens in Round A will be allowed to claim the remaining ETH funds in proportion of what was burnt in Round A.
In order to do this, there will be a 30 day window to register a claim. Registration will be necessary to confirm that the address that burnt the WIZ tokens is alive and capable of receiving ETH.
All registered addresses will receive the remaining ETH balances proportionally to their burnt token amounts from Round A.
At the end of Round B anyone can send an instruction to distribute the remaining balance to registered participants. It’s only a call to a contract method.