🟢 Message to the Public Mint Community 🟢 Fellow investors and believers, it’s been a tough ride this last year, with a significant number of events and partners failing that have had a huge impact on our operations. First, Celsius collapsed, and even though it proved our approach by reducing our user’s losses in half, it was still a significant loss of the effort we had put in with that partner, plus all the additional efforts we took and continue to take in pursuit of those funds. Then, FTX collapsed, and although it didn’t affect us directly, it did affect the market as a whole and the risk appetite of other companies. Soon after, Circle closed our business account - we assume largely as part of their de-risking strategy - and still we adapted to build comparable functionality. And just now, Prime Trust collapsed, so we’re unable to take in fiat payments. In the meantime, we’ve been looking for alternatives to continue funding Public Mint, which we’ve been self-funding for a few months now. Again, the market conditions have been averse to us making strides on that front. Without the ability to take in fiat payments, the shadow of uncertainty cast over many potential partners for the Earn program and the market as a whole, it’s time we pause and reassess where our efforts are leading us. For the moment we are pausing our Loyalty Program, as we see no benefit in continuing to increase its circulating supply. At the same time, we’re scaling back on development to focus on maintenance and security alone. We will continue to search for a solution to move the project forward, and will continue to keep you posted! Sincerely, The Public Mint Team