Simone

[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

[Simone @simocoa]

@CedarDAO 💪💪

[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

[Sam @SamCKx]

So much great stuff is happening with Atlas behind the scenes right now but I know it's totally meaningless to you all until we can launch the darned thing! 😖

[Simone @simocoa]

@RealShawnte @CedarDAO 💗💗💗

[Shawnte V. Thompson @RealShawnte]

As we near the Committee vote for @CedarDAO, I wanted to note in writing specific committments and standards that I hold myself to and these committments and standards would carry forward to the Committee if I am one of the eleven selected:

- Partner and team with the Community and fellow Committee Members in support of our Mission.
- Fulfill my role in being an ethical Custodian of the DAO and act in its best interest at all times to include avoiding conflicts of interest, influences, and/or collusion.
- Communicate and be transparent with the Community by making myself available for questions, suggestions, constructive criticism,  host/co-host/participate in frequent spaces and/or VCs for Project related updates as well as Community hangouts to include participating in publishing written updates, minutes, etc for the Community.
- Engage Community Members and try to resolve conflicts and misunderstandings. Banning, muting, etc only as an absolute last resort with the majority vote of the Committee making final decisions on this sensitive subject.
- Be present and timely in my responsibilities as a member of the Committee.
- Keep accurate, complete, and secure records, documents, and information that I am responsible for.
- Maintain professionalism and social ettiquette at all times and not being reactionary in my responses that I make on behalf of the DAO as well as for my personal self.

CEDAR STRONG no matter the outcome 💪🏼

[Cedar @CedarDAO]

We are happy to announce that the regulatory compliance phase has concluded and we can now proceed with incorporation for the DAO! This phase has been tedious and complex yet thorough and we are thrilled to see it in the rearview mirror!

While the foundation will be a Cayman Island entity, we have been advised to also form a British Virgin Islands subsidiary. These two entities will allow us to have a neat understood structure and system whereby our Cayman entity will wrap the distribution of already minted Cedar tokens via the Cedar Claimpad and then the BVI subsidiary will wrap the Cedar Rewards Claimpad as well as any fee-generating assets. Harneys will produce a memo regarding the regulatory compliance in due course, however, for now they will proceed forward on processing and expediting the Cayman foundation application.

Stay tuned to our socials for additional information and updates as they become available!

[Sam @SamCKx]

Wallet Enterprises Ltd governance update

Over the past months we have completed a clean-up of the corporate structure of the company that owns Atlas Wallet. As part of that process, I have formally returned the 50,000 ordinary shares previously allocated to me and currently hold a single share with enhanced voting rights.

This structure is essential at this stage. Without a CEO holding clear voting control, the company would have no practical governance, and early-stage investors generally view companies without defined leadership authority as a governance risk.

At present, no other shares are issued.

The company is authorised to issue up to 250,000 shares in total. This authorisation exists purely to future-proof the structure and does not mean these shares will necessarily all be issued. No additional shares will be issued unless required for future investment, contractual, operational or strategic purposes.

To reiterate, having a larger authorised share capital is standard corporate planning. It simply provides the headroom and flexibility a growing company needs. Because such concepts are sometimes misunderstood in our community, it is important that everyone is clear on what this structure enables: stable governance, the ability to raise funds when appropriate, and long-term protection of the DAO’s ownership.

Within this authorised capital, we have created a class of 50,000 non-voting shares reserved for Cedar DAO. Once the Cedar DAO Foundation is established, those 50,000 non-voting shares will be issued and transferred to the Foundation.

At that point, there will be 50,001 issued shares (unless there is a significant delay from the Cedar side & other developments happen in the meantime):

• 50,000 non-voting shares held by the Cedar DAO Foundation, representing the DAO’s economic interest in Atlas Wallet

• 1 super-voting share held by me, as CEO, ensuring the company can operate, execute contracts and meet investor expectations around governance

It is also worth remembering the simple reality we discussed during the poll we held in relation to funding Atlas: the leading wallets in our industry have received hundreds of millions in investment. For Atlas to compete at that level, raising capital is not optional; it is essential. Our structure has been designed so the DAO’s ownership is protected, governance is stable, and the company is positioned to attract the funding required to compete globally.

Everything has been carried out exactly as promised: the original shares have been returned, leaving only the single governance share; 50,000 non-voting shares have been established to give the DAO a future legal ownership stake in Atlas; and the company has been properly future-proofed to allow us to fundraise when required.

[Shawnte V. Thompson @RealShawnte]

Brief Legal Update 11.19.25: Had a 30 minute call with Harneys yesterday. All went well, no additional questions just a recap of the responses from their 4 page inquiry that the CTO and I put together last week. We will now await their regulatory compliance memorandum and will inquire once received regarding publishing it to the DAO which I expect this to be fine since they are aware that we are a DAO. Once the regulatory memo is provided to us we can get going on the foundation application which will of course be expedited.

We also discussed how things are going with Atlas Wallet/Wallet Enterprises. Whenever the time comes to receive shares we will have them oversee the shareholder agreement since they have BVI attorneys versed in corporate law and since Wallet Enterprises is a BVI entity.

[Atlas Wallet @AtlasWallet]

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.

[Sam @SamCKx]

We may be quiet but we are making important and positive progress behind the scenes. #atlas

[Cedar @CedarDAO]

Following a review of the previous vote held on October 20, 2025, regarding $MET allocation, it was identified that the special clause did not include an option to refrain from enforcement.

This updated proposal is to address the issue by proposing a contingency for the unlikely scenario in which $MET reaches a market capitalization of $7.5 billion. The objective is to enable timely action in response to this price movement without requiring a separate vote.

https://t.co/Z0M4LsO1Ey

This vote will remain open for 24 hours due to the time-sensitive nature of the potential market event.

[Cedar @CedarDAO]

CedarDAO Vote Proposal: Strategy for $MET Allocation

Dear CedarDAO Members,

As we approach the launch of $MET, we are calling a governance vote to determine our strategy for managing these assets. Your participation is vital in shaping our collective future.

Vote Options

Voting YES: Sell at Launch

Upon the $MET token launch, CedarDAO will immediately sell the allocation to secure early profits and mitigate volatility risk.

Voting NO: HODL Indefinitely with Monthly Review

CedarDAO will hold the $MET token indefinitely, conducting monthly reviews to assess performance and determine any future actions through governance.

Special Clause: Exit Trigger

If at any time the $MET token value reaches the top of the launch pool range (7,5B), the DAO Committee reserves the right to immediately execute a full or partial sell, without requiring a community vote. This ensures agile action in high-return scenarios.

Vote Link :https://t.co/YJiBJvZip8

[Shawnte V. Thompson @RealShawnte]

10.20.25 CedarDAO Update:

I followed up with Harneys this morning to find out if any additional information is needed from us to aid the regulatory review process. Awaiting response.

Last week there was a few back and forths between the potential Director, Horizons, and I regarding the DSA (Director Service Agreement) language. They are open to all of our markups and we await a revised final draft for execution.

I completed the KYC with the potential Director's 3rd party KYC contractor. This is necessary until the Foundation is structured.

Outside of legal, we posted an announcement regarding Meteora a couple of days ago. The guys should be publishing a proposal requiring a vote here in the near future. The launch is in 3 days on the 23rd. Thanks for all of the feedback and dialogue received on X, TG, Discord, and DMs.

Last, the guys should be putting out a proposal requiring a vote on the LP lock matter here shortly as well.

Have a good week!

[Cedar @CedarDAO]

Community Vote: Allocation of Meteora ($MET) Tokens

We’re excited to share that $CDR has received an allocation of 17,855.9 $MET as part of the Meteora token distribution. $MET is due to launch on October 23, 2025.

Now, we want your input on how we should move forward with this allocation.

Quick Details:

Token: 17,855.9 $MET

Source: Meteora Allocation

What should we do with the $MET allocation?

We’re putting it to a community vote — whether to

-Hold for a period of time and analyse price movement, then decide.

-Liquidate(Sell) at launch or at a fixed price point/Margin

Lets start discussing before vote goes up

[Cedar @CedarDAO]

It appears there may be some confusion regarding the current status of Atlas. They are preparing to perform critical work on the core codebase, which will involve wiping certain databases. As a precaution, they've advised testers to back up any essential data, as access to Atlas will be temporarily unavailable during this process.

Please note that they cannot guarantee system stability or functionality during this period. For this reason, they’ve decided to restrict tester access to prevent any potential data loss or disruption.

There’s no cause for concern, this is a planned maintenance activity but we understand it may have caused some uncertainty.

Thanks for your understanding and cooperation.

[Sam @SamCKx]

FUD against @CedarDAO works in cycles. A narrative is created, causes concerns, is disproven, goes away, a new narrative is created. Rinse & repeat.

I'd recommend people re-listen to this AMA to combat the recent attempts to sew seeds of doubt.

https://t.co/7VhfqRJaOS

[Cedar @CedarDAO]

CDR Recap – What happened this month?
• Harneys Engagement:
→ Harneys was officially retained as Cayman legal counsel.

• Regulatory Compliance Review:
→ Harneys is reviewing whether Cedar qualifies as a Virtual Asset Service Provider (VASP) and will provide a formal legal opinion.
→ A VASP provides services like exchanging, transferring, or safekeeping digital assets. If Cedar were a VASP, it would trigger specific Cayman regulatory obligations.
→ Initial view: Cedar is not subject to VASP obligations, but we need the formal opinion before proceeding with Foundation registration.

• Ongoing Communication:
→ We’re actively responding to Harneys’ questions to support their review.

• Foundation Director Interviews:
→ Interviews concluded last week — final selection expected soon. The chosen Director will be included in the registration package.

CDR Looking Ahead – In No Particular Order
• Bank Discussions:
→ Meetings with potential banking partners in the coming weeks.

• Committee Preparation:
→ Finalizing requirements for Committee candidates.
→ Defining roles and responsibilities to guide future elections.

• Operational & Governance Tasks:
→ Lock the Liquidity Pool (LP).
→ Draft bylaws and governance voting mechanisms.
→ Address IT/tech tasks with the CTO, including rewards claimpad audit.

• Atlas Wallet:
→ Receive the 50k shares.

[Cedar @CedarDAO]

While the DEV are Devving,

While the lawyers are lawyering,

Let's take this time to look at what Cedar will need in the future, from both the community and future commitee members.

Let's start with an obvious one, Vision. Both for possible utilities and project direction.

In every transformative journey, vision is the compass that guides us through uncertainty, complexity, and change. At the heart of the CDR DAO Future Committee lies this powerful force — a shared commitment to look beyond today and imagine what could be.

We are not just stewards of a decentralized project; we are architects of a regenerative future. A clear vision enables us to align action with purpose, to innovate boldly, and to build resilient systems that serve generations to come. It's this long-range thinking that will allow us to not only respond tocrisis but to lead with intention, clarity, and hope.

The future doesn't wait — it is shaped by those who dare to see it before it's visible. Together, let's be those visionaries.

[Atlas Wallet @AtlasWallet]

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.