CryptoFredo

Crypto hodler - I love purple 💜 #EverGrow #Lucro

[Sam @SamCKx]

Wanted to give the Cedar DAO holders a brief update and some insights into Atlas Wallet development.

So as of today we are on development build 203 in the Apple Developers Program.

We have done a vast amount of work on Atlas since we were lucky enough to have our CTO come onboard. It's been in many ways a painful process for me, because we had to take some serious steps back before we could move forwards. It's also been, on many occasions, invigorating and highly educational for me to work with someone at this level of the industry.

We are a small team, looking to compete in an industry where the products we are aiming to rival have dozens of developers, $100s of millions to spend. The way we compete is through a combination of long working weeks, amazing team work, and simply knowing we can build something incredible regardless of our resources.

As we stand, we remain well-resourced - of the $1.2 million infusion of funding we had back in March 2025, we have spent $486,571, and still hold $713,429 - this is remarkably efficient, and clearly leaves us plenty of runway for the plan we set out: to get to launch, onboard initial users and then look to raise VC capital.

Just a little insight into our process, and for that I include some images. So in very basic terms, it is my job to research and design our user interface and user experience, and I then take my initial ideas and designs to our CTO who refines them through a collaborative process, and he then fully prepares the development approach for our developers to work on. Generally the CTO and devs have daily meetings, and we are pushing almost 1 build a day which the whole team tests together.

One of the final elements of Atlas that needs improving before we reopen beta is our DApp browser, which was a pretty poor experience. So I have been working on the designs pictured, and these are now being discussed amongst the CTO and devs in terms of feasibility and process, and we would then expect to see updates in the builds very quickly. It'll be interesting to see these prototype ideas and see how the final DApp browser works.

This is definitely my favourite part of Atlas - seeing my scrappy ideas become reality in a working app is pretty cool! I'll ensure I share the final DApp Browser UI when it's in the build, so you can compare. The final versions always end up better than the prototypes!

I'll do a full update, as usual, at the end of the month.

[Sam @SamCKx]

Just briefly wish to address some disinformation being deliberately spread to the Cedar holders:

I have never stated or claimed any personal ownership of EverGrow or Cedar. I was the CEO of the company the founder transferred operational control and operational assets to. The token and LP were community owned, operations and marketing were carried out by a private company, EverGrow Marketing Ltd, on behalf of the community, as per an official announcement on our socials back in September 2022. Those assets were only ever used for the benefit of the project, at no point have I claimed personal ownership.

When I proposed a committee and temporarily transferred assets to them, EverGrow Marketing Ltd set up a trustee structure, under which I remained the ultimate trustee of the project assets until such a point they were legally transferred to the Cedar DAO Foundation - the intention we set out publicly and in advance. Everyone knows that the interim committee was a temporary measure put in place to create a legal entity capable of representing the community, not for the committee to take absolute control as they now have.

Despite the foundation having been set up for over 6 months now, there has been no attempt by the interim committee to transfer any assets to the foundation. The committee have retained all project assets, in breach of their mandate. The community deserve to know why. I repeat, our foundation, which was announced a very long time ago and is costing us a small fortune to maintain, has never had a single asset transferred to it. It effectively remains a very costly shell. You guys should be asking why on a daily basis.

As we stand, I remain trustee over the assets, but as stated in the trustee agreement, they can only be used for the benefit of the community, and must ultimately be transferrred to the foundation. For anyone who doubts my integrity or intentions, an excerpt of that legal document is included below.

A single person, elected within a group of 11, on an interim basis, is blocking us from completing those legal steps, and forcefully retaining and controlling project assets they have no legal rights to, whilst deliberately spreading defamatory disinformation intended to mislead you all.

In the meantime, quietly, and behind the scenes to avoid further reputational damage to this project, I have been working directly with the Director of the Foundation to resolve this. The Director has in their possession all legal documents, company resolutions etc to prove all this beyond refute.

I will not stop until this is all resolved and the community get our project back. I am refraining from ongoing discourse to protect you all.

[CryptoFredo @TheCryptoFredo]

@SamCKx Unbelievable 😳

[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.

[Sam @SamCKx]

It is frustrating to yet again feel compelled to clarify the legal and operational context and background of the EverGrow token project (later migrated to Cedar DAO).

EverGrow was privately founded and funded by Praveen in September 2021. At launch, a defined allocation of tokens was assigned to the founder and founding team with no restrictions or vesting. The token itself, along with its liquidity, was positioned as community owned, and that commitment has been upheld in full, reflecting that fact that the entire circulation of tokens has been in community ownership since launch, and at no point has liquidity been removed or accessed beyond technical migration processes.

From inception, however, there was always a clear distinction between ownership and operations. While the token and liquidity were community-owned, development, marketing and operational control were never community-led, nor were there ever demands for it to be so. These functions were under the discretion of the founder, and later a private operating company.

In early October 2021, at the request of the founder, I joined as a non-executive chairman. In that capacity my role was advisory and strategic, while ultimate authority remained with the founder. I served in that role until September 2022.

During that period, the project pursued an extremely ambitious roadmap which, in hindsight, was not realistically deliverable. Despite this, we worked in good faith with a small team and limited resources to deliver meaningful progress.

In September 2022, the founder stepped down and transferred responsibility for development and marketing, along with the funds specifically assigned to the founder for those tasks, to EverGrow Marketing Ltd. From that point onward, EverGrow Marketing Ltd became the entity responsible for marketing and development, with myself acting as CEO and a management committee established to take responsibility for delivery.

We immediately simplified the roadmap. The planned social media platform was discontinued as it was clearly not viable. LunaSky, our NFT platform, was pursued but ultimately suspended following significant failures from an external development partner and the broader collapse of the NFT market. Focus then shifted to Atlas Wallet, which has now been in development for approximately three years.

In March 2025, the management committee believed that the best way forwards for Atlas was to achieve as much separation as possible between the token project and the product. With that, and as an act of good faith, we polled the community to ensure support for a proposal for specific funding for Atlas (to provide it with its own track record of good financial management and evidence of funding) to clarify the best way to achieve ownership for Cedar token holders, and to seek support for future fundraising and dilution.

The proposal received overwhelming token holder support, 97% in favour, and not just weighted by token holders, but in terms of actual wallet count. Shortly following the vote, in March 2025, in my capacity as CEO for EverGrow Marketing Ltd, we internally assigned $1.2 million to Wallet Enterprises Ltd, and the company Articles for WEL were rewritten to allow for a future foundation representing the token holders to take ownership of shares.

During the development of Atlas, we made forward-looking statements regarding expected delivery timelines that were ultimately not met. Those statements were made in good faith, based on information provided by development partners we had reason to trust. There was never any intent to mislead. Delays and missed timelines of this kind are not only common across the technology sector, they are an entirely normal and legally recognised feature of high‑risk, innovative development work. Forward‑looking statements that turn out to be inaccurate, and project deadlines that are later missed, are not unlawful, and do not constitute evidence of fraud. That legal distinction is fundamental: fraud requires misrepresentation made knowingly or recklessly, not genuine estimates that later prove wrong because circumstances changed or delivery proved harder than anticipated.

The reality is that delays of this nature are not only common across the technology sector, but a known part of that industry, and a genuine factor for anyone investing in those sectors. There is not a tech company in history that has not significantly missed deadlines, often by many years, despite having tens of billions in funding. Sadly, unlike with those multiple-billion dollar companies with endless resources, the delays our modest team suffered have been categorised by a small group of anonymous accounts as evidence of “scams” or “fraud”.

I fully understand the frustration delays have caused. I share it. I also agree that in hindsight us communicating deadlines provided by our developers, despite that being the absolute norm for countless tech companies, was a mistake. Ultimately we have learned our lesson, and we stopped that practise a long time ago – the irony is I now suffer abuse for NOT providing timelines, but hey, it’s not like I can ever win!

It is important to acknowledge a broader reality. This is an industry where genuine fraud and dishonesty are, unfortunately, all too common. Against that backdrop, it is deeply disappointing that one of the few projects that has remained active, has not disappeared, and has made a sustained, genuine and provable effort to deliver real value is among those most aggressively targeted by misinformation and legally unsound accusations.

The vast majority of these attacks originate from anonymous accounts who have sought to damage this project over a prolonged period. However, regardless of their source, the continued spread of misinformation is clearly impacting community sentiment and causing material harm to the token’s value. For that reason, it cannot be ignored.

For any genuine token holder, or where appropriate their duly authorised legal representative, I remain available to engage directly, openly and transparently on any legitimate matters.

For anyone who believes they have a valid grievance, whether personal or legal, I encourage you to come forward, identify yourself, and engage constructively. I am more than willing to meet directly, or with your representatives, to discuss any legitimate concerns.

What I will not engage with is an ongoing anonymous campaign of rumour and innuendo, entirely devoid of substantiated evidence, which serves only to misinform and to damage the interests of genuine token holders.

[CedarSteve @_CedarSteve]

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 @SamCKx]

Work continues daily over at @AtlasWallet. Further trademarks granted, and development work is ramped back up as we work to getting beta live again.

My longstanding promise that I will deliver what I promised to the @CedarDAO community still stands.

It doesn't matter how long or difficult the journey is, you only fail if you give up.

[Atlas Wallet @AtlasWallet]

Further to the success of our UK trademark application, we are very happy to confirm that Atlas Wallet® is now a registered trademark across the 27 countries of the European Union in multiple categories!

[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]

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! 😖

[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.

[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

[Atlas Wallet @AtlasWallet]

Atlas Wallet Interim Update – October 3rd, 2025

As outlined in our last update, Atlas has entered a crucial phase of deeper infrastructure work to ensure long-term scalability and reliability. To allow our developers to focus fully on these improvements, we have temporarily suspended our closed beta programme. This step is important: continuing beta testing during this period would add unnecessary load and data to the build at the very moment we are refining its core systems.

Work continues steadily, and alongside these structural upgrades we are also improving the user interface, features and overall experience. When beta testing resumes, participants will see clear progress in both performance and design.

We appreciate the patience and support of our community during this interim stage, and we remain committed to delivering Atlas to the highest standards.

[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.

[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.

[Atlas Wallet @AtlasWallet]

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.