Evergrow, Lucro and Cedar holders, this message is for you all.
We would genuinely ask that you take the time to read this, because we want to explain exactly what we have been working on over the last few months, what the new EverGrow token represents, and why we believe it can benefit this entire community.
First and foremost, everyone involved in the EverGrow relaunch are Cedar holders ourselves, and we remain so. We still support Cedar and want to see it succeed.
But we also need to be honest with ourselves as holders.
There have been very few concrete public updates from either Cedar or Atlas for a long time now, and understandably there is uncertainty within the community. We are not saying this to criticise anybody working on those projects. We say it simply to be direct and honest.
So instead of waiting indefinitely and hoping for success elsewhere, we decided to relaunch the project that started it all:
The greatest rewards token in DeFi history.
EverGrow.
We did this to give original EverGrow and Lucro holders a real opportunity again. An opportunity to succeed without depending on any other project, roadmap or outcome.
Over the last month we have rebuilt the foundations from the ground up.
We launched a brand new website and rewards dashboard which allows anybody to check any wallet and instantly see:
• Token holdings
• USD value
• Rewards earned
• Pending rewards
Just like the original EverGrow experience, but modernised and improved.
We also extensively reworked the original EverGrow smart contract and created a cleaner, more modern fork suitable for today’s DeFi environment.
We removed obsolete code, streamlined functionality, and made several meaningful improvements.
The most important change was replacing BUSD rewards with USDT.
BUSD is effectively dead. USDT is one of the world’s leading stablecoins and ensures the rewards system is future-proof for years to come.
We also introduced a carefully considered rewards rescue mechanism.
Rewards distribute roughly every hour depending on volume, meaning the distributor contract typically builds rewards up and then rapidly distributes them out. In the short term it holds very little value.
However, what we observed with the original EverGrow contract was that over multiple years, tens of thousands of dollars accumulated inside the rewards distributor that would never actually reach holders.
Why?
Inactive wallets. Dust wallets. Dead wallets.
The original EverGrow contract still contains almost $48,000 in stranded BUSD that can realistically never be distributed.
We do not want that situation to happen again.
So in the future, potentially years from now, we may remove ONLY rewards that are mathematically impossible to distribute to inactive or dust wallets and use those funds for buyback and burn that benefit all active holders.
No active holder rewards would ever be touched.
These are the kinds of long-term improvements and practical thinking we have implemented into the new EverGrow.
Now, we fully understand that many people will be sceptical.
So instead of asking for trust, we ask you to look at the evidence on-chain and decide for yourselves.
There was:
• No VC funding
• No presale
• No insider allocation
A small group of us funded this entire relaunch ourselves.
We paid for:
• The website
• The dashboard
• The airdrop to 30,000 wallets
• The liquidity
• The launch costs
The liquidity has also been locked, just as the original EverGrow team did.
As for token distribution:
The entire supply was either:
• Airdropped
• Burned
• Added to liquidity
Nobody involved in this relaunch received extra allocations beyond the EverGrow and Lucro holdings we already possessed historically.
You can verify all of this directly on-chain.
The airdrop itself was based on the old ELG governance token created by the original team, which combined EverGrow and Lucro holdings. We simply used that holder list and distributed supply proportionally to the top 30,000 wallets.
No hidden wallets.
No secret allocations.
No extra insider supply.
Everything is visible and verifiable for yourselves directly on chain.
What we do NOT want to do is publicly dox the individuals involved in this relaunch.
Sadly, we have all seen where that leads in crypto.
Instead, we want this project to belong to the community itself. We want ownership, responsibility and growth to become increasingly decentralised amongst the OG holders who helped build EverGrow into what it once was.
There should never again be a single focal individual for the community to depend on.
This relaunch was done as a gift to what we genuinely believe is both:
The greatest AND the most unfairly maligned community in crypto history.
We watched loyal holders suffer for years despite the passion and commitment they showed, and we could not simply stand by and do nothing.
So we gave you EverGrow back.
But better.
Today the market cap is still only around $100,000, not far from where the original EverGrow itself began.
For those who choose to embrace this relaunch, we believe the opportunity is extraordinary.
And if this project is not for you, that is completely fine too.
Your tokens are already in your wallet.
If you do not wish to participate, all we would ask is that you consider sending them to the burn address so the wider community can benefit from reduced supply.
For those who want something to believe in again, check your old wallets for your holdings. Hold, buy more if you feel comfortable, and help us tell the world that EverGrow is back!
As for us:
We are not stopping.
We want to restore EverGrow to greatness.
And we still hope to see greatness from Cedar too, even if that future is currently uncertain.
All we ask is that you research what we are building, verify it for yourselves, and decide based on facts rather than noise.
The mission is simple:
To restore the greatest rewards token in DeFi history.
Useful info:
Website - https://t.co/0RclhhtHKX
TG - https://t.co/0wTtDkFGwb
Contract address - 0xc3CC4dBF23055af2b87b5E2C85d3c197d04D9E72
Burn address - 0x000000000000000000000000000000000000dEaD
$EGC
Not sure who's behind it but ill give them a chance.
They literally airdropped all the original holders their tokens for free. That in itself is pretty cool.
#Evergrow
I propose we vote to remove Shawnte from the committee immediately. To prevent her claiming the 3% bag I obtained from the founder can sway the vote, I propose the vote requires an 80% supermajority to pass.
Can anyone come up with any reasons as to why that should not happen? Are we a DAO or does Shawnte now own Cedar?
Why after 10 months have the Cedar DAO committee not achieved any of this, and not pursued the stated and limited mandate they were given?
Instead, one member has pursued a personal, dishonest vendetta, dominating the time & resources of our entire project for over 6 months.
Genuine token holders who have been in our community for years: "Well, that was an impressively long, ChatGPT-authored, pointless piece of nonsense. Heavy on insinuation, repetition & hearsay, devoid of any legal substance or support, nor logic or actual evidence. Can we vote now?"
Obsessive, sociapathic fudsters who have openly wanted Cedar to fail for years, who hide behind anonymous accounts: "All hail, Shawnte! Her report is the finest legal document of a generation. Long live the autocracy!"
🤔
🤣🤣🤣
@NielsVGele@_CedarSteve@RealShawnte@AtlasWallet@CedarDAO What the actual F*%k?!? The community is overwhelmingly demanding a DAO vote immediately! This is not your decision @RealShawnte! @CedarDAO kindly cast the vote requested by the holders. The outcome of MY investment will not be determined by the disregard of this community plea!
I think it's time I shared this, along with the context. Shawnte sent this and similar to various committee members when they disagreed with her on the steps she has been taking that have caused the immense destruction of our project we are all seeing today.
Let me lay out the context - shortly after Cedar launched, some members of the committee took on an uncontracted position helping organise the Cedar community beta of Atlas. These members were volunteer committee members, not "employees", and were also not employees of Atlas.
They were some great guys, serving on the Cedar committee for free, and helping Atlas with a beta program specifically to give access to Cedar token holders. For their help in advancing Atlas and supporting the Cedar community with access, I gave them a couple of cash bonuses.
Shawnte claims that by offering Atlas and Cedar this support, these committee members lost all their rights to participate in governance, and suggested they were compromised both civilly and criminally.
This was back in November, and since then Shawnte has also threatened me with criminal liability if I didn't immediately freeze spending at Atlas, effectively making the company insolvent, defaulting on our obligations, losing our developers, CTO and countless partners.
The basis for Shawnte demanding I freeze spending? She claims that funds were never legally assigned to Atlas, so if I spent them on Atlas operations I was clearly a criminal. Let me ask you all a logical question - who was running the project in March 2025, months before Cedar launched, months before the interim committee was put in place, when the poll was held and the assigment of funding to Atlas was made? Who would've been the person to legally assign assets from EverGrow Marketing Ltd to Wallet Enterprises Ltd? Let me give you a clue - it was not an elected interim committee member for a committee with a limited mandate that did not yet exist. Despite all that, Shawnte claims, with her usual ZERO evidence, that that assignment never happened. Just the usual BS ploy for Shawnte to attempt to procure assets that she will do what she wants with.
This is what myself and committee members have been dealing with at the hands of one woman for well over 6 months now.
A constant flow of AI-authored, legal-sounding slop intended to intimidate and threaten people into following Shawnte's orders. She doesn't even bother removing the obvious ChatGPT formatting from this crap.
This is not what we envisaged when I suggested we move towards being a DAO. Every dollar misappropriated on all this is theft, no two words about it.
@SamCKx@AtlasWallet_@_CedarSteve I'm adding in my overwhelming support for this. Sam is the only one who can straighten out this mess. I would like to add that I would like to see @RealShawnte sued over her abuse of the DAO. But the first order of business is to wrest it from her greedy hands.
To address @_CedarSteve and the Cedar DAO community,
Firstly, Steve, thank you and everyone else who has continued to show faith in me over the years, despite everything. I believe most people recognise that I’ve always been here for this community, and that my work on Atlas is driven by one thing: delivering what this community deserves after its long-term support and patience.
Even after stepping away from the token project, I never stopped working for this community. For over six months behind the scenes, I’ve made repeated attempts to resolve what are, in my view, totally illogical, unnecessary and self-inflicted issues created by the interim committee, largely driven by a single individual. I believe this has already caused tens of millions of dollars in damage.
As former CEO of EverGrow Marketing Ltd and current CEO of Wallet Enterprises Ltd, I have repeatedly reached out to the two law firms retained by Cedar DAO to try to resolve matters. It makes no sense that lawyers claiming to represent this community would refuse to engage with the CEO of the company that ran operations and had the authority to grant the committee its limited mandate. When genuine attempts to resolve issues are ignored, it raises serious questions. To me, that is negligent and clearly not in the interests of token holders.
That said, my focus has never changed. Everything I’ve done, including months of work behind the scenes, has been about what is best for this community. Many of you know that, and I appreciate those who have recognised it.
I have been reluctant to step forward. But given where we are, if the community supports it, I am willing to take on a temporary role as chairman of the interim committee. My objective would be simple: fully audit the situation, understand where resources have gone over the last ten months, review all costs and obligations, and help transition to a properly elected committee focused on token holders, not personal agendas.
I still believe this project can succeed. That’s why I’ve never walked away.
Given the collapse in governance and the damage done, Steve’s proposal may now be the most practical path forward. If the community supports it, I will step in on a strictly temporary basis. This would be an unpaid role, limited to the minimum time required to stabilise the situation and reset governance properly. I would not remain in this role once Atlas Wallet goes live.
The decision now sits with the community. But let me be clear: I have never left, and my commitment has never wavered.
It is incredibly difficult to watch a project that had over $40 million in value when I handed it over ten months ago be driven to this point by actions that run directly against the interests of token holders. But recovery is still possible, if we act now.
If Steve’s proposal is supported, I will do everything I can to fix this and put us back in a position to succeed ahead of the Atlas launch.
We Are Cedar.
I would like to propose that @samcKx step in on a temporary basis to address these issues, get the DAO functioning, and allow the community to vote in new committee members. Once this happens, Sam steps down.
Cedar Community
The @cedardao is so far off track and there is no signs that will change anytime soon.
We desperately need help to get the CedarDAO fully functional without delay.
Sam has been there for us for years. We need someone we can trust to get us through this difficult time.
I also propose that IF the community and Sam agrees to this proposal, @realshawnte must step down from the committee immediately.
No one will know the work that went into launching Cedar. Many weeks cleaning up after the exploit - ensuring all the funds were secure, and every holder from every corner of our community over many years got all the tokens they were entitled to.
Many months building a whole new project - new branding, new website, we ran countless Spaces, competitions, promotions, got our community involved and excited, an incredibly complex cross-chain launch and first of its kind claim process which went flawlessly and still works flawlessly today.
Votes to ensure our decisions had community support. A clean handover; over $4 million in LP, well over $400,000 in operational funds, a community elected committee. We took a potentially devastating security breach and turned it into new hope for a deserving community.
It devastates me to sit from the sidelines and see what has happened to Cedar. The disrespect, the neglect, the corruption, the selfishness, gaslighting and destruction.
We fix this two ways: Atlas gets delivered - that one is on me. And the rot is purged from our project and the community get the committee they deserve.
Nothing is irredeemable, but there is much work to be done.
We Are Cedar.
Guys, I know we’re overdue an official @AtlasWallet update, so I wanted to reassure you that a huge amount of work has been happening behind the scenes while beta has been offline.
I’m very conscious that it’s not enough to simply get Atlas live. It also needs to be competitive, modern, and future-proof while we carry out this broader infrastructure overhaul.
I can’t yet give a firm date for when beta testers will receive a new build, but when you do, it will be a dramatic improvement: modernised, optimised, and featuring additional functionality and clear USPs.
I also want to reassure everyone that, just as I did during my time with EGC, I’ve been extremely responsible with finances throughout this period. I personally downgraded third-party services, reduced salaries and development agreements, saving tens of thousands of dollars from our usual operating costs.
That’s allowed us to make meaningful progress while keeping our burn rate modest. We’re well past the point where I can plausibly thank you for your patience, and I recognise that. But I want you to know that the team’s energy and commitment have never waned, and neither has our confidence in delivering a product that can genuinely compete with the leaders in this space.
Atlas Wallet Interim Update
Following our last update on October 3rd, we’ve continued deep work on the core infrastructure behind both the Atlas Wallet app and the Atlas Wallet browser extension.
We’ve made significant progress improving key elements of Atlas’s underlying architecture. These improvements are designed to make the entire system faster, more stable, and far more efficient, laying the groundwork for long-term scalability and reliability across our ecosystem. While we appreciate that this stage may feel slow for those eager to get hands-on with Atlas Wallet, the improvements being made now will result in a significantly stronger, more seamless product.
This process will also allow us to introduce new capabilities that we believe should be standard in every wallet, yet aren’t implemented successfully elsewhere.
Our next milestone is to begin integrating this enhanced architecture into our existing builds, and once that’s underway, we look forward to welcoming our beta testers back.
As part of this development focus, we’ve temporarily reduced our communications and regular educational and community focussed content. We fully intend to resume such initiatives when the timing is right, but for now our priority is to complete these essential technical upgrades to the Atlas ecosystem.
We’ll continue sharing progress updates as each stage unfolds, and we deeply appreciate everyone’s patience and ongoing support as we take these next steps.
In other news, we’ve also completed a major phase of our corporate and governance restructuring. Over recent months, we’ve been updating our company’s constitutional documents - essentially the legal framework that defines how Wallet Enterprises Ltd, the company behind Atlas Wallet, operates and how future shareholders can formally hold a stake in the company.
After a lengthy process, we’re pleased to confirm that the required paperwork has now been submitted. This means we’ve taken all the steps necessary for the next stage of our journey, ensuring that Wallet Enterprises Ltd is positioned for effective ongoing governance and ready to move forward when third parties are in a position to receive shares.
Atlas Wallet Update – September 1st, 2025
In May 2025, Atlas Wallet entered a new chapter. For over two years, development had been carried out under tightly constrained resources: a finite budget, no way to raise more funds if it ran out, and the added challenge of our CEO dividing time between Atlas and responsibilities to a wider crypto project. Despite this, we built a high-quality product and entered a successful beta. In hindsight, though, those conditions made it very difficult to launch at true industry standard, and led to frustrations & being forced to continually delay beyond our internal targets.
The transformation began when our principal shareholder — whose shares will be formally issued once their entity is established — authorised fundraising and dilution for the first time. This fundamentally changed our approach. With our CEO now focused exclusively on Atlas, a formally appointed CTO, and dedicated developers, we are finally resourced to build at the required level. Previously, our limited budget meant working with a third-party development company and relying on their timeline guidance, which created challenges for our public communications and left us without full control of the process. Now, with development in-house, we have a comprehensive project management system integrated with our codebase, giving us daily oversight of progress and quality.
Atlas has always been a secure product, having worked with two leading audit firms in the past, and a third retained for ongoing code reviews. Beta feedback confirms an excellent user experience. Yet, over recent months, we’ve identified deeper infrastructural and scalability improvements needed to allow us to launch. These are not failings of quality, but of process: without confidence in long-term funding, we couldn’t manage development at this depth before. These updates will bring Atlas in line with the standards expected of the industry’s top players.
We are now addressing these issues with a stronger team and the right expertise to guide the next phase. In parallel, we continue to enhance features and user experience so Atlas remains highly competitive ahead of launch. We believe the wallet already stands out in usability and design, but we will only announce a launch date once the underlying infrastructure has been fully strengthened to meet that standard.
A statement from our CEO:
“When we first envisaged Atlas, it was as part of a decentralised crypto project. With a small team already stretched and a limited budget, we contracted a third-party development company to manage the process. It was the right option at the time, but it lacked the agility we now have in-house. Since May, we have taken full control, with industry-standard project management and oversight now in place. The path has not been easy, but with stronger structures and processes established, we are building the foundations needed to reach the highest level of professionalism and quality.
Startups at this stage typically build quietly with the patience and experience of venture backers. Particularly in tech, delays and unforeseen challenges are part of the course. Our journey has been different: shaped under the scrutiny of thousands of stakeholders, and with expectations far beyond what would normally apply to a product at this stage. We acknowledge that many of those expectations were set by us. The situation has proved incredibly challenging, but it has also sharpened our resilience and focus. We have learned important lessons, and are working diligently to ensure our communications set realistic expectations, reflect real progress, and build lasting trust.
What matters now is that we are fully committed to delivering a world-class product. Atlas will not be another short-lived community project. Our success depends on staying laser-focused on the product. Whatever noise or pressure surrounds us, we have the maturity and experience to shut it out, concentrate on what matters, and build something that endures.”
Closing note
Atlas is now operating like a true startup: resourced, structured, and confident in its ability to raise funds and scale. We are proud of what was achieved under constraint, but even more so of the standards we now hold ourselves to. The team is optimistic, disciplined, and determined to deliver - not according to outside pressure or arbitrary deadlines, but when the product is ready to set a new benchmark for the industry.
🔥 Major Cedar Burn 🔥
We just torched 170,603,326.4 $CDR, nearly 20% of our entire 1B supply is gone FOREVER.
Price remains the same and every holder now owns a bigger slice of the pie. Scarcity is up, supply is down, and the forest just got a whole lot leaner.
Not sure how often you see a project wipe out almost a fifth of its supply in one go… but hey, Cedar’s built different. We are Cedar Strong.
Do note that the market cap might be making a change too! When in doubt math it out!
Price X Supply = market cap.
It’s an exciting day at Atlas Wallet as we fully reopen iOS and Android apps to our Closed Testing group!
Over the past two months we have restructured development from the ground up, refined our architecture and delivered improvements as part of this ongoing process. Today, with build 99, thousands of hours of hard work are in our community testers’ hands.
Atlas isn’t live yet, and yes, we know that’s been frustrating, but our goal is to launch an industry-leading product.
We’re a small team with limited resources, but we'll be going head-to-head with wallets that have 100× more. That takes discipline, relentless focus, and the conviction that we can deliver to the highest standards in the industry.
We post daily not only for the product, but for the communities, holders, projects, and friends who’ve supported us, and so we can support them in return.
Even without a live product, we think it’s vital to show up every day: spotlighting great projects, sharing resources, starting conversations, and helping people navigate Web3.
We can’t wait for testers to share screenshots, videos, and feedback. Every build gets us closer, and when Atlas is ready, it will be worth the wait.
We might be new on Solana, but we’re no rookies to DeFi.
Before the rebrand, we dished out over $40M in stablecoin rewards, and now we’re back to do it even bigger:
• A War Chest of rewards ready to roll
• LP fee rewards already flowing in
• Profit-sharing to come, from real utilities like @AtlasWallet that are owned by the Cedar community
Rewards haven’t kicked in just yet, but everything’s in place and they’re accumulating.
If that’s not Strong Wood, we don’t know what is.
$CDR isn’t just built different, it’s built to reward.