Best practices for security using a DEX on a self custodian wallet.
Newbies and experienced users should read this and tick all the boxes.
A short thread🧵
I found out today that Shawnte is paying herself $1,200 a month for running “socials”.
I never saw a vote to community to pay her…
Who authorized this?
What’s she’s actually doing is destroying the community that we all worked so hard to build and protect.
Atlas Wallet Financial Update
Hi all,
I thought it would be helpful to share a clear update on the financial position at Wallet Enterprises Ltd, the company behind Atlas Wallet.
There has been a significant amount of commentary circulating recently. Some of it is plainly inaccurate, some of it is deliberately misleading, and some of it understandably creates concern for holders who simply want clarity. This post is intended to deal purely with facts and numbers.
Background
In March 2025, while the project was operating under the Management Committee on behalf of EverGrow Marketing Ltd (the entity to which operational control of marketing and development had been legally and contractually transferred as per the official announcement in September 2022), a proposal was put forward to fund Atlas Wallet independently with $1.2 million.
The objective was straightforward: to separate Atlas operationally and financially from the token project so that development could proceed with stability and clarity.
Although the project was not operating under a formal legal DAO framework at that time, and still is not today due to the absence of a legal DAO structure or binding voting mechanism, the Management Committee stated we would poll the community on major decisions to ensure majority support.
The proposal to allocate $1.2 million to fund Atlas Wallet independently was supported by 97% of participating token holders.
Those funds were internally reassigned and ringfenced for Atlas Wallet. This update relates specifically to that allocation.
Where the funds are held
Wallet Enterprises Ltd operates a corporate Binance account for payroll and operational payments. However, the majority of funds have been retained in the original decentralised wallet that was reassigned last year from EverGrow Marketing Ltd to Wallet Enterprises Ltd. From a security perspective, I consider this the safest way to custody a significant treasury balance and it’s how I’ve operated since September 2022, when the founder transferred project assets to EverGrow Marketing Ltd.
Operationally, when the Binance balance runs low due to payroll or expenses, we top it up from the decentralised wallet. Those transfers are visible on-chain for anyone monitoring the wallet.
Current position
From the original $1.2 million allocation:
• $138,000 remains in the Binance corporate account (following yesterday’s payroll).
• Approximately $650,000 remains in the decentralised wallet assigned to Wallet Enterprises Limited.
Total remaining: approximately $788,000.
Burn rate
Our current monthly cash burn is just under $30,000.
This has been reduced significantly over the last few months. Earlier in the process, costs were materially higher due to:
• Clearing legacy expenses
• Annual pre-payments on some tech integrations
• A larger development team
• Higher cost legacy infrastructure and partnership commitments
Those costs have since been streamlined. Going forward, I expect us to maintain a burn rate below $30,000 per month.
There may be occasional months where expenses temporarily increase due to annual up-front costs being due, partnerships or infrastructure upgrades. However, we are consistently focused on reducing recurring overhead while preserving core development capability.
Runway and funding outlook
At the current burn rate, the remaining $788,000 provides substantial runway.
This gives us the financial capacity to:
• Complete the infrastructure upgrade
• Relaunch beta
• Full public launch on iOS, Android and Chrome
• Fund initial marketing and user acquisition
• Demonstrate product-market fit
At that stage, the intention would be to raise external capital from a position of strength.
We could raise earlier, including during beta, but at present I do not consider that necessary. The goal is to raise at the most advantageous point for long-term shareholder value. Ideally I would like to raise when we still have 12 months of runway - that’s an ambition, not a guarantee - I know too well how forward looking statements can come and bite me in the ass around here!
Operational update
As you know, we made the difficult decision to take the beta version offline and conduct a significant infrastructural upgrade. That decision added months to the timeline. We are nearing the end of that process now.
However, contingency was built into the runway specifically to account for unexpected development shifts. As a result, that work has not created financial stress or funding risk.
Closing
The key takeaway is simple:
Atlas Wallet remains well-funded relative to its current operating costs.
The treasury allocated in March 2025 has been managed conservatively, burn has been materially reduced, and there is significant runway remaining to complete development and move into launch and growth.
I appreciate that there is noise. The numbers, however, are straightforward.
I will continue to provide updates as we progress.
Sam
🚨 Attention @CedarDAO (EverGrow OG's)
$250 if you can contact me with @EGCCalcPaul
He has been absent from X for a couple years & his Telegram deleted. I have already tried to reach out to as many people as I could but nothing. Everything is all good. He actually made the EGC rewards Calculator. I messaged him on here so if you can have him message me back or you know some other way to get in tough with him, that would be great. Thanks for your help!
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.
@elonmusk@grok Not only did it just make up bullshit it was completely wrong because I know the person "Anna" from Waiheke who won the trip to Tokyo...
I’m reaching out because I believe MyAtlas.Wallet domain has serious potential as a digital brand — especially with the recent launch of OpenAI’s new “Atlas” browser. The timing couldn’t be better but I lack the skills to market such a thing.
As AI tools become more integrated with Web3, MyAtlas.Wallet captures a powerful intersection:
AI meets decentralization. Personal intelligence meets digital finance.
Imagine a future where every user’s AI-driven digital identity or crypto wallet lives under one name — MyAtlas.Wallet. It’s short, memorable, brand-ready, and aligns perfectly with where both AI and DeFi are heading: personal, intelligent, and connected.
Whether used for a Web3 wallet, AI identity layer, cross-chain DeFi app, or NFT hub, MyAtlas.Wallet instantly communicates trust and sophistication. It positions any project as being at the forefront of AI-powered finance and user ownership.
This isn’t just another domain — it’s a premium digital asset sitting at the crossroads of two massive trends:
🌐 OpenAI’s “Atlas” ecosystem is rapidly becoming a household name.
💳 “.wallet” domains are establishing themselves as identity anchors for crypto and Web3.
I’m currently offering the domain for private acquisition to serious builders, brands, or influencers who recognize its long-term potential.
If this catches your interest — or you’d like to discuss ideas for integrating MyAtlas.Wallet into your brand, product, or community — I’d love to talk.
Kind regards,
Lliby enz
Owner of MyAtlas.Wallet
With the recent news of @OpenAI launching an AI browser called #Atlas and with @AtlasWallet on the horizon and me being extremely broke I'm looking at selling my domain.
If anyone is interested let me know, if you can sell it yourself I'll pay a commission.
I’m reaching out because I believe MyAtlas.Wallet has serious potential as a digital brand — especially with the recent launch of OpenAI’s new “Atlas” browser. The timing couldn’t be better but I lack the skills to market such a thing.
As AI tools become more integrated with Web3, MyAtlas.Wallet captures a powerful intersection:
AI meets decentralization. Personal intelligence meets digital finance.
Imagine a future where every user’s AI-driven digital identity or crypto wallet lives under one name — MyAtlas.Wallet. It’s short, memorable, brand-ready, and aligns perfectly with where both AI and DeFi are heading: personal, intelligent, and connected.
Whether used for a Web3 wallet, AI identity layer, cross-chain DeFi app, or NFT hub, MyAtlas.Wallet instantly communicates trust and sophistication. It positions any project as being at the forefront of AI-powered finance and user ownership.
This isn’t just another domain — it’s a premium digital asset sitting at the crossroads of two massive trends:
🌐 OpenAI’s “Atlas” ecosystem is rapidly becoming a household name.
💳 “.wallet” domains are establishing themselves as identity anchors for crypto and Web3.
I’m currently offering the domain for private acquisition to serious builders, brands, or influencers who recognize its long-term potential.
If this catches your interest — or you’d like to discuss ideas for integrating MyAtlas.Wallet into your brand, product, or community — I’d love to talk.
Kind regards,
Lliby enz
Owner of MyAtlas.Wallet
Here a question for @CedarDAO community
Do want Sam back as active CEO that can lead this project. Or rely on the committee members?
Simple question.
1. @SamCKx
2. @CedarDAO committee members
🚨 Repost, Share, attached 3 friends to get this out for many vote.
FYI: After an LP vote passes, we’ll be putting out a CDR token BURN vote 🔥
That will be followed by a Cedar staff & committee salary vote.
We hear you, burns are next. But first, let’s lock in the LP direction. Be sure to vote on your preferred LP ratio now before the window closes!
Set a reminder for my upcoming Space! https://t.co/r5eh6saMdL
@TheMoonAndroid will be cohosting with me.
We will talk project recent events.
Community Space only - Not official Cedar or Cedar Committee Space