Cedar

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[Cedar @CedarDAO]

In four years together we’ve seen a lot of change. Our 2021 EverGrow launch on BSC with the OG Founders that shortly after the launch handed the reigns over to a Committee lead by a Chairman, an exploit that resulted in the birth of the DAO that then voted to rebrand and migrate to Solana. Another vote to further support and finance our flagship utility @AtlasWallet, the Cedar launch, and most recently a newly elected Committee was seated and lead as a General Partnership.

Today we are happy to announce that as of the 16th day of December 2025, we are independent and individually ownerless! That’s right, we are truly a Decentralized Autonomous Organization and represented and incorporated in the eyes of the Cayman Islands by The CedarDAO Foundation! We’ve attached the Certificate of Incorporation for you to see for yourself!
https://t.co/v2BABUInJk

This milestone reflects the Community's resilience and commitment to a brighter future together! We are Cedar Strong!

Our legal team will next focus on applying for a BVI subsidiary for the Cedar Rewards Claimpad and any other assets that has the ability to generate profits like utilities and partnerships!

We the Committee will now direct our attention to on onboarding the new Director, structuring our governance mechanism for proposals brought forth by the DAO for which we can vote on, and Committee organizational documents, policies, and procedures in preparation for the next Committee!

Stay tuned for more updates!

- CedarDAO Committee

[Cedar @CedarDAO]

There was no community vote held to elect a “head” or chairperson of the DAO, so there are no election results to provide for that position.

The only relevant governance vote was the April 19, 2025 proposal, approved on April 23, 2025, in which the community voted to establish the Acting Committee and select its members. That proposal did not include, authorize, or reference any chairperson or “head” role.

Internally, the Acting Committee discussed its structure and determined that a chairperson was not necessary for effective operation. Responsibilities were instead distributed across subcommittees, with decisions made through a collaborative process rather than centralized authority.

For transparency, all official governance proposals and voting outcomes are publicly available via Snapshot (BSC/EverGrow) and Nation (SOL/CedarDAO), and the community is encouraged to review them directly.

[Cedar @CedarDAO]

@TrektheBear Response 04: rather than centralized authority.
For transparency, all official governance proposals and voting outcomes are publicly available via Snapshot (BSC/EverGrow) and Nation (SOL/CedarDAO), and the community is encouraged to review them directly.

[Cedar @CedarDAO]

@TrektheBear Response 03: Internally the Acting Committee discussed structure and determined that a chairperson wasn't necessary for effective operation. Responsibilities were instead distributed across subcommittees, with decisions made through a collaborative process

[Sam @SamCKx]

Atlas Wallet: Development Update, End Q1 2026

We previously took Atlas out of external closed beta for a full infrastructure overhaul.

This isn't simply a rebuild. It’s a complete refinement of the product, alongside addressing further legal and compliance work required for launch.

Internally, management and our developers have been developing and testing 3-5 new builds per week over the last few months.

Here’s where everything stands:

Legal & External Dependencies -

These are the elements that ultimately control launch timing.

Website -

The website is being rebuilt to reflect the final product, features, and UX.

This cannot be completed until the build is fully locked, so it will be finalised close to launch.

Status: In progress

UK compliance (Section 21) -

We’ve completed a large portion of the groundwork, including a UK-specific version of the website.

What remains:
• Final in-app disclosures (must reflect final build)
• Geo-specific handling for UK users
• Formal sign-off from a regulated UK approver

Status: Partially complete, pending final build

On / Off-Ramp Partners -

We are integrated with 5 providers.
• 3 fully complete
• 2 pending compliance alignment (linked to final legal structure inc. UK Section 21)

These remaining items cannot be finalised until just before launch.

Status: 3/5 complete

Atlas Banking (Fiat Features + BillPay)

We have the opportunity to reintroduce banking features, including:

• Instant transfers to bank accounts
• Payments to friends/family
• BillPay functionality
• Crypto → fiat usability

These were highly valued by users.

However:
• The ongoing cost structure is significant
• Terms are still under negotiation

We will only enable this when it makes financial sense and aligns with launch timing.

Status: Under negotiation

Core Product (Wallet & App) --

Wallet Import -

We’ve rebuilt wallet import to allow a single seed phrase to restore all associated wallets, regardless of whether they were created on platforms like MetaMask, Trust Wallet or Phantom.

This solves one of the biggest UX problems in DeFi.
Status: Built and in testing

Token List & Filtering -

Once a wallet is imported, we’ve dramatically optimised token population.

This improves the user experience, but just as importantly, it fixes a major inefficiency in our previous infrastructure, which was both costly and resource-heavy.

It also now includes advanced filtering to remove spam, dust, and malicious tokens, resulting in a cleaner and more reliable portfolio view.

Status: Mostly complete, final optimisation ongoing

Notifications (App-Wide) -

We are moving from wallet-specific notifications to a unified system across the app.

This ensures users don’t miss activity, even with multiple wallets.

Status: Near completion

Markets section (New Feature Layer) -

We’ve built a completely new Markets section within Atlas.

This introduces features and information not previously available in the app, significantly enhancing visibility, usability, and overall user experience.

Status: Advanced development

Watch-Only Wallets -

Rebuilt and simplified.

Cleaner UX, better performance, easier tracking.
Status: In testing

Swaps -

Optimised routing to ensure:

• Faster execution
• Better pricing
• More efficient paths

Status: Built and in testing

Send & Receive -

Core functionality has been fully optimised and tested.
Status: Complete

Language & Currency Support -

• Multi-language support
• Multi-currency display
• API integrations complete

Status: Complete

NFTs -

Following previous beta feedback we have substantially overhauled the entire NFT interface.

This provides better coverage across all chains and significantly improved speed and reliability.

Status: Advanced development

Post-Beta Work -

Help Centre & Support

We will rebuild the help centre after reopening beta so it reflects:

• Final UI
• Real user behaviour
• Beta feedback

Status: Deferred to beta phase

Our efforts continue at pace to move Atlas back into our external closed beta, where we will be able to better assess readiness to full launch.

[Cedar @CedarDAO]

The proposal does not state that individuals must be voted on to leave on their own, voted on to be removed, voted on to be replaced, or that the number of individuals has to be maintained. Legal counsel has confirmed that the first sentence of $1,125 is equal to $4,500 per month and as long as this monthly amount is not exceeded without a vote then there is no legal risk for individuals, the Committee, or the DAO.

While you and others will continue to disagree and make false statements, you and others are not the DAO's legal counsel.

As long as committee members are clear with counsel and take actions under the advise of counsel then the DAO is protected as well as the Committee as a collective as well as individually.

If you would like to engage further on this matter, feel free to unblock Shawnte so that she may be permitted to respond accordingly should she decide to.

This is the end of Cedar's responses.

[Cedar @CedarDAO]

CedarDAO Announcement:

The CedarDAO Committee announces that @CryptoPilotAdam has resigned from his position on the Committee.

Adam has been a valued member of both the Cedar and EverGrow community for many years and has also served as part of the Discord moderation team.

We would like to thank him for his service as a member of the first acting CedarDAO Committee and for the time and effort he has contributed to supporting the community. We appreciate the work Adam has put into helping build and maintain the community, and we hope he will continue to remain an active part of it going forward. On behalf of CedarDAO, we wish him nothing but the best.

[Cedar @CedarDAO]

Cedar Rewards Announcement:

The Rewards Claimpad is just about ready for audit! While finalizing some minor security measures, auditors have been contacted to schedule scope reviews of the code so that they can provide the DAO with feedback and quotes. We hope to complete these reviews and receive quotes over the course of the next 2 weeks, take a few days to discuss and make clarifications if necessary, and then enter into a formal agreement.

Internal testing will continue, simultaneous to this audit process.

We will return with an update in a couple of weeks!

[Cedar @CedarDAO]

Atlas Wallet Financial Update:

[Sam @SamCKx]

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

[Cedar @CedarDAO]

@CedarDAO_Lab @benrothe1 ☝️That is not our official account, please do not DM this person☝🏻
Watch out for scammers and report all CedarDAO impersonators 🙏

[Cedar @CedarDAO]

@benrothe1

[Cedar @CedarDAO]

@wallyprono The rewards claimpad is not publicly available yet. We will announce and pin here on X from this account as well as in our Discord and Telegram. Email announcements are not one of our announcement methods.

[Cedar @CedarDAO]

The following questions regarding the Governance Establishment Coordinator were asked by a Community Member, the answers are in bold font:

1. How many individuals are you looking for to contribute to CedarDAO Governance Establishment Team? We are seeking at least two individuals preferably, however, this task can be completed by one competent individual. To our knowledge the initial set-up is critical regarding the need to pay attention to detail in order to ensure that the parameters are set correctly. We are going to want to onboard and then go through everything with the Team first. Some DAO input/vote(s) may be necessary prior to actually establishing parameters as after the initial parameters are established, a vote will be required in order to make modifications.

2. Will these individuals be tasked with "Only" establishing governance on Realms or will they remain on a Cedar DAO technical advisory board to provide guidance for future utilities such as the rewards claim pad? The announcement is regarding Governance establishment only. Advisory board(s) can be established as needed for the future separately and outside of this current task.

3. Are these positions strictly volunteer or could they impact our treasury via the negotiation of token packages? TBD - Voluntary vs compensation is not mentioned in the announcement. Though it would be nice to have this service provided at no cost to the DAO, we are aware that a no cost agreement may not be possible. The determination will not be made upon whether or not someone seeks compensation and will be made solely on qualifications, experience, and availability.

[Cedar @CedarDAO]

Announcement: Seeking Governance Establishment Coordinator

Announcement Expiration: Friday, January 30, 2026

Approximate Start Date: Mid-February 2026

Calling all techies to the table of Cedar to join the CedarDAO Governance Establishment Team and aid the DAO in establishing governance on Realms (Solana's governance protocol developed by Solana themselves)!

Realms will allow our community to level up, vote on proposals and elections, submit its own proposals, transparently create rules, and make decisions via its automated system which is the true definition of decentralization! Realms will provide a token based experience and will ensure collective bottom up control over our operations as well as our treasury.

Requirements:
- Communicate by video conferencing, private messaging, and email as needed;
- A preferred minimum of 2 years past experience establishing governance on Realms;
- 90 day commitment
- Enter into our Non-Disclosure Agreement;
- Enter into the DAO's services agreement;
- KYC with our 3rd party Cayman onboarding solutions provider which includes background screening that will be monitored throughout the duration of your time as a member of the Governance Team.

If you are willing to join the Governance Team please message our X account and attach a list of experience and past performance.

We thank you in advance!

[Cedar @CedarDAO]

Announcement: Seeking Governance Establishment Coordinator

Announcement Expiration: Friday, January 30, 2026

Approximate Start Date: Mid-February 2026

Calling all techies to the table of Cedar to join the CedarDAO Governance Establishment Team and aid the DAO in establishing governance on Realms (Solana's governance protocol developed by Solana themselves)!

Realms will allow our community to level up, vote on proposals and elections, submit its own proposals, transparently create rules, and make decisions via its automated system which is the true definition of decentralization! Realms will provide a token based experience and will ensure collective bottom up control over our operations as well as our treasury.

Requirements:
- Communicate by video conferencing, private messaging, and email as needed;
- A preferred minimum of 2 years past experience establishing governance on Realms;
- 90 day commitment
- Enter into our Non-Disclosure Agreement;
- Enter into the DAO's services agreement;
- KYC with our 3rd party Cayman onboarding solutions provider which includes background screening that will be monitored throughout the duration of your time as a member of the Governance Team.

If you are willing to join the Governance Team please message our X account and attach a list of experience and past performance.

We thank you in advance!

[Atlas Wallet @AtlasWallet]

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.

[Cedar @CedarDAO]

@IBuySOL @RealShawnte @SamCKx @DormantReaper92 The $1.5M I am referencing is regarding Atlas Wallet only. Any money spent on Luna Sky is outside of this $1.5M.

My mention of $1.5M was actually in the spirit of explaining our will and determination to see us through. I did not state this to disrespect anyone.

[Cedar @CedarDAO]

We are happy to announce that a Director Service Agreement has been entered into with Hash Directors! Hash Directors will serve as The CedarDAO Foundation's independent Cayman director through 2027 at a minimum. Hash Directors came highly recommended amongst the Cayman and US law firms that were consulted last year. Hash Directors was founded in 2020 and was amongst the first independent directorship teams dedicated exclusively to the digital asset industry. The Hash Team works with some of the largest Foundations, funds, and regulated entities in our space, and their bench is deep! We've enjoyed getting to know the Team and we look forward to having our first annual meeting in the near future. Feel free to visit Hash's website to get to know the Hash Team! https://t.co/eYu4lbpmqZ

[Cedar @CedarDAO]

The will and determination of remaining Committee members and remaining holders is what is left. The remaining Committee is pressing forward and very hard at work with getting the DAO structured both legally and where governance (proposals/voting) is concerned in anticipation of the wallet that we have spent more than $1.5M towards development crossing the finish line. We all have our frustrations, however, we have to pick up the flag and march forward.

[Cedar @CedarDAO]

@KrystekZbigniew 💪🏻