We appreciate that it has been a little while since we last shared a substantive update on Atlas Wallet, and we intend to provide a full operational update in the coming weeks. In the meantime, we want to thank you sincerely for your continued patience.
We are particularly conscious of the frustration this has caused for our beta testers, many of whom had come to rely on Atlas as their primary wallet. Despite the crowded wallet landscape, Atlas became a favourite for a large number of users, which is something we do not take lightly.
The work we are undertaking now is focused on ensuring that Atlas can meet its long-term ambitions without being constrained by scalability. From launch, whether Atlas serves a thousand users or a million, it needs to perform consistently and reliably. A key part of this process has been optimising the platform not only technically, but also financially. The beta programme was essential in helping us identify areas of inefficiency across both infrastructure and operating costs.
Atlas was originally built with very limited resources, and while we do intend to pursue a significant raise once the product is in the right position, efficient scaling is essential regardless of funding. A product that cannot scale cleanly, both technologically and economically, is not a product that can endure.
The improvements made during this offline period have been substantial. They will materially improve performance and reliability for users, while also making ongoing development far more efficient. Adding new features, integrating additional chains, and extending functionality will require significantly less time and complexity than before, due to major advances in our underlying infrastructure.
We recognise that many of you have been waiting a long time for Atlas to launch. Internally, our ambitions remain as high as ever. This has been a difficult journey at times, but the team remains fully committed to delivering a product that can compete immediately with the very best wallets in the industry. We genuinely believe that, through resilience, focus, and the support of an exceptional community of beta testers, we have built something that stands alongside products backed by vastly greater funding and longer development timelines.
That said, we understand that until Atlas is back in your hands, words only go so far. Seeing is believing. We appreciate your patience and look forward to sharing a more detailed update with you very soon.
Once the DAO legal structure is finalized😂😂🤣. Gtfoh. Nobody believes you anymore scammy. The DAO is a joke... will probably be finished around the same time Atlas is finished. Never 😂
Fucking lying loser Scammy
I’ve recently become aware of rumours circulated by anonymous accounts suggesting fraud or scamming in relation to EverGrow, now known as Cedar. These claims are made without evidence. The actual evidence, which is entirely public, shows the opposite.
EverGrow was launched by our founder, Praveen, in 2021. From the outset, liquidity was locked permanently in PancakeSwap lockers and remained untouched until it was transferred in full during the migration to Solana for the launch of the Cedar token. This is independently verifiable on-chain. Not a single token is unaccounted for. I would welcome a forensic review by any reputable blockchain investigator.
At launch, 5 percent of the token supply was allocated to the founder and original team. None of those tokens were sold in the first three years, even though there were no vesting requirements or restrictions, and a significant amount were used for staff bonuses, community giveaways etc. That was an ethical choice, not an obligation.
Team funds for operations and marketing were held in publicly disclosed wallets and used exclusively for project development. In March, 1.2 million dollars of those funds were legally assigned to continue development of a product that the community will have beneficial ownership in once the DAO’s legal structure is formalised. This assignment was approved by a community poll, with 97 percent voting in favour.
Those assigned funds now fall under corporate accounting rules. They are protected by law and must be used in the interests of shareholders. All remaining funds originally under the control of the founder/management team, were transferred in full to the interim committee at the point the Cedar token was launched.
Across the lifespan of the project – from a 2021 utility rewards token to the current work transitioning into a community-owned DAO – extensive work has gone into delivering the original roadmap while adapting to evolving market realities. The team developed Crator, a social media platform we demonstrated publicly, but the emergence of Truth Social, Bluesky and Elon Musk’s acquisition of X made the project commercially unviable. LunaSky, our NFT marketplace, reached a working V1 and was used by hundreds of people. As we built V2, development issues and the collapse of the NFT market led us to suspend the project. These were difficult but correct decisions.
With Atlas Wallet, it was made clear from the outset that development would take place outside the token infrastructure through a private company. Over the past six months, both I on the corporate side and the Cedar committee on their side have worked to formalise the community’s beneficial ownership of shares in that company, exactly as set out in the March 2025 community poll. That poll also confirmed the community’s willingness for future dilution of Cedar’s holdings when doing so is expected to strengthen Atlas’s long-term commercial success and profitability. All legal work on my side is now complete, and we are ready to transfer the agreed shares in full accordance with that mandate.
These facts are documented and verifiable, both through public records and the blockchain. Everything else is speculation or an attempt to undermine the work of a dedicated team, through many ups and downs, and a community that has remained committed while most projects from 2021 have disappeared.
Many of us, including me, are still financially underwater from that period, but the commitment to this project and this community has never wavered.
@thepatriotquill@CedarDAO Break the chains from your captors!! I spent years following the incompetent leadership and hanging on every "launching soon" post. In all honesty the safemoon team got way more accomplished in less time... And that too was a scam. Breaks my heart, but I've learned lessons since.
@glenneharding Dissolved DAO. Throwing their own members under the bus .. Poorly structured LP... Nothing delivered for 4 years.... #Cedar is worthless trash! Atlas wallet.... Soon.... DURRRrrrrrrr
@SamCKx@DEFI_DEGEN24 The way I see it... not about right or wrong, it's about freedom to choose your own path. Whether it be idiotic or profoundly smart.
@SamCKx@DEFI_DEGEN24 I agree with you both! Vaccines work and people should be free to use or not use them. It's like the Amish driving horse pulled wagons down the highway! It definitely makes the roads more dangerous when they are driving 15 and we are driving 55.
@Tipstermania84 @TeriSpe22509228@jvnior@elonmusk Your slippery slope logic does not jive. Australia has indigenous people and descendants from the British penal colony and they coexist peacefully. Don't be naive to think that America is just full of white people.