Artist || Crypto Mechas Series
Joined January 2022
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MoonAndroid 🌕 retweeted
People seem confused about why Tesla is getting so much backlash over its new "flying Roadster." For those of us who were once genuinely enthusiastic about Tesla, this isn't about hating innovation. It's about a long history of broken promises, misleading expectations, and increasingly absurd marketing.
Tesla unveiled the second-generation Roadster in 2017, took customer deposits, and promised deliveries in 2020. Six years past that deadline, it still hasn't delivered the car. Instead, it's demonstrating an even more outrageous version with features that will likely never make it into production. The original 2nd gen Roadster would still be an amazing car today. Why not just deliver what was promised?
Then there's Full Self-Driving. Tesla marketed the idea that Model 3 owners could turn their cars into income-generating robotaxis. That never materialized. Even if the technology eventually gets there, the opportunity has already passed for many early buyers. Timing matters. Delivering something a decade late isn't fulfilling the promise you sold to customers.
And then there's Solar Roof. Unveiled in 2016 as a revolutionary approach to residential solar, it struggled with costs, installation challenges, and adoption far below expectations. After nearly a decade, Tesla discontinued it entirely in August 2026. Another grand vision abandoned, leaving existing customers with a discontinued product to maintain.
Then came the Cybertruck, marketed as a nearly indestructible, revolutionary truck. Instead, we got a vehicle with questionable build quality, numerous recalls, expensive repairs, disappointing results in several real-world off-road tests, and specifications that fell short of the original promises. It literally looks like a dumpster, but aesthetics aside, the collapsing demand speaks volumes about the reality of what Tesla delivered. Another heavily hyped product that fell dramatically short of expectations.
This is how consumer trust erodes. Not through one disappointment, but through years of accumulating them. And this is part of the reason why many people who were once enthusiastic about Tesla have become critical and cynical about it.
But there's something even more fundamental here: Tesla has completely departed from the grounded, practical vision that made so many of us enthusiastic about the company in the first place.
Electric cars were ambitious, but the idea was grounded in reality. People could charge at home, infrastructure could gradually expand, technology could improve, and millions of ordinary people could eventually benefit. There was a realistic path toward mass adoption.
What the hell does a flying Roadster powered by compressed-air thrusters have to do with any of that?
It's an expensive, impractical engineering stunt with enormous packaging, safety, and regulatory challenges, and no credible near-term path toward mass-market usefulness. Modern electric cars already achieve ridiculous acceleration without this nonsense. What practical problem does it solve? Who actually needs it? When will ordinary consumers benefit?
And watching Tesla fans compare this experimental prototype in a Roadster-shaped shell to actual production vehicles people can buy today is ridiculous.
What's especially infuriating is the cult-like mentality surrounding all of this. You can't point out the history of failed promises, question the practicality, or demand realistic timelines without being accused of being a "hater" or having "Elon derangement syndrome."
Tesla deserves recognition for helping make electric cars a reality, but that success doesn't give it a blank check to keep marketing increasingly fantastical promises while failing to deliver on previous commitments.
This isn't hatred. It's disappointment from people who once believed in the company, watched it accomplish extraordinary things, and have since watched it increasingly substitute practical innovation with spectacle and promises.
Elon fanboys are also ignoring a bigger pattern that goes beyond Tesla.
What made many of us enthusiastic about Elon and Tesla and in the first place was a grounded vision of technological progress that could genuinely improve millions of lives. Electric cars were ambitious, but practical, achievable, and useful to ordinary people. Now we're supposed to get excited about flying cars with compressed-air thrusters that have no credible path to mass adoption and solve no meaningful problem for the average consumer.
It's the same kind of thinking behind marketing the colonization of Mars as some urgent necessity for humanity's survival. There's nothing wrong with space exploration, but Earth isn't about to become uninhabitable because of the Sun. We're talking about geological timescales, while humanity faces enormous problems RIGHT NOW: poverty, hunger, access to education, corruption, abuse of power, wars, and a lack of government accountability. We have plenty of very real problems to solve before worrying about humanity's survival on another planet.
And then there's DOGE. I was genuinely excited about the original idea of making government more efficient, reducing waste, and increasing accountability. Instead, we got questionable savings figures, inexperienced people making sweeping decisions, serious concerns over access to sensitive personal information, and an initiative that ultimately fizzled out without delivering its grand promises. Another enormous narrative that fell apart when confronted with reality.
That's what makes all of this so frustrating. It's not that we stopped believing in technological progress. It's that we've watched someone who once pursued grounded, transformative ideas increasingly embrace fantastical promises, political spectacle, and questionable narratives disconnected from practical reality.
And somehow, pointing out this history of disappointment gets you labeled a "hater" or accused of having "Elon derangement syndrome."
The problem isn't dreaming big. It's repeatedly selling people those dreams, failing to deliver, and then expecting everyone to applaud the next, even more ridiculous promise without asking what happened to the last one.
The world doesn't need more spectacular promises. It needs practical solutions to real problems, honest expectations, and accountability for what was promised. That's what made Tesla exciting in the first place, and that's what so many of us feel has been betrayed.
MoonAndroid 🌕 retweeted
🚨THE COUNTDOWN IS ON!🚨
Tonight, October 16, Atlas Wallet’s Closed Community Beta goes LIVE! 🔥
A new chapter begins. Built for the community. Powered by innovation.
🚀 @AtlasWallet — Fueled by @CedarDAO .
#AtlasWallet #crypto #CEDAR
🤖 Made with AI
MoonAndroid 🌕 retweeted
CEDAR DAO OFFICIAL SOCIAL CHANNELS RESTORED
We are pleased to confirm that the official Cedar DAO Telegram and Discord are now back under the administration of longstanding and trusted members of the community team who managed these channels throughout the EverGrow years.
• Since the launch of Cedar DAO, our social channels came under the control of a single individual without any recognised authority or mandate to assume that control, contrary to the community-led spirit upon which Cedar was established.
• During this period, strong concerns were raised by the community regarding the use of the channels in ways contrary to the interests of Cedar holders. Longstanding supporters were muted or removed, while parties openly hostile to the project were allowed to remain active and exert significant influence over the community discussion.
• Both the Telegram and Discord have now been fully archived, preserving a complete record of this period should it be required for future scrutiny.
• We would particularly like to thank Discord for their assistance in restoring the Discord server to community administration, following a period in which control of this community-owned asset was being withheld by an individual without a clear community mandate.
• The trusteeship does not intend to have any ongoing role in the day-to-day moderation of either channel. Our objective was to secure the channels and return them to trusted members of the community as quickly as possible.
That objective has now been achieved.
The Cedar community has its socials back.
MoonAndroid 🌕 retweeted
Cedar solana:HZqjjeso24PDVdLsVJQyVb8kDnbo7HhXfY1Jane66o9C holders will be getting exclusive early access to Atlas Wallet as it expands its beta. 💪
In 24 hours, a lead team of our community testers will have Atlas Wallet beta back in their hands.
It’s been a long journey, but throughout it all, we’ve never taken our eyes off the goal: building a truly decentralised, full-featured crypto wallet, designed to put control back where it belongs, with the user.
And right now, in an industry where other products are becoming increasingly centralised and difficult to use, we believe that matters more than ever.
MoonAndroid 🌕 retweeted
Here’s a bit of crypto trivia for you.
From that list, there are exactly:
340,282,366,920,938,463,463,374,607,431,768,211,456 possible valid 12-word seed phrases.
That’s 340 undecillion possible combinations.
Even if you could randomly guess 1 billion seed phrases every second, it would take approximately 10,800,000,000,000,000,000,000 years on average to guess one specific phrase.
For context, the universe is approximately 13,800,000,000 years old.
And that’s just for a 12-word seed phrase.
When properly generated, a seed phrase with at least 128 bits of entropy is effectively unguessable by brute force with current technology.
Your seed phrase is your key. Your key. Your crypto. Stay decentralised.
MoonAndroid 🌕 retweeted
Some chunky buys coming in for our friends over at @CedarDAO solana:HZqjjeso24PDVdLsVJQyVb8kDnbo7HhXfY1Jane66o9C.
Must be something brewing...
MoonAndroid 🌕 retweeted
In 24 hours, a lead team of our community testers will have Atlas Wallet beta back in their hands.
It’s been a long journey, but throughout it all, we’ve never taken our eyes off the goal: building a truly decentralised, full-featured crypto wallet, designed to put control back where it belongs, with the user.
And right now, in an industry where other products are becoming increasingly centralised and difficult to use, we believe that matters more than ever.
Oh sh**
They got bro.
HEX FOUNDER RICHARD HEART ARRESTED IN ISTANBUL, $600,000 CASH AND ARSENAL SEIZED
Turkish authorities have reportedly arrested Richard Heart, whose real name is Richard James Schueler, in a joint intelligence and police operation in Istanbul.
Heart, founder of HEX, PulseChain and PulseX, was wanted under an Interpol Red Notice issued at Finland’s request.
Police reportedly detained Heart and his wife at a residence in Istanbul’s Beşiktaş district following extensive surveillance.
Authorities seized:
• $600,000 in cash
• 24 wristwatches
• 20 gold bracelets and 7 gold necklaces
• 7 firearms and 1,360 rounds of ammunition
• 12 mobile phones and 6 laptops
• 20 graphics cards and 14 SSDs
• 2 drones
In 2023, the SEC charged Heart with raising over $1 billion through unregistered crypto offerings and allegedly misappropriating at least $12 million in investor funds to purchase luxury goods, including sports cars, expensive watches and a 555-carat black diamond.
Heart was subsequently placed on Interpol’s wanted list in 2024 over separate allegations involving tax fraud and assault.
Both Heart and his wife have been taken into custody for questioning as the investigation continues.
MoonAndroid 🌕 retweeted
Ashton Forbes posted a recolored version of one of his MH370 "teleportation" videos.
He should not have done that.
Watch the crosshair in the middle of the screen. A reticle sits on top of everything behind it. Every reticle, on every targeting system. It doesn't matter whether it's a physical one in a rifle scope or an electronic one on a targeting display. That's the whole point of it. How do you aim at a target if the target hides your crosshair the moment you put it there? (Yes, that includes the camera pods on drones.)
In his video, the plane covers the reticle. At least five times in 61 seconds.
That's not a camera filming an airliner. That's a layer stack: background, then reticle, then a plane pasted on top. The hoaxer put the layers of his CG hoax in the wrong order and never caught it.
Every freeze frame in the video is stamped with the time in his own clip, so check them yourself. My favorite is 0:34.20. The crosshair is visible above the plane, visible below it, and gone in between.
Credit to @cryshlee, who first brought this to my attention.
MoonAndroid 🌕 retweeted
🚨 VERY IMPORTANT CEDAR DAO UPDATE – PLEASE SHARE 🚨
As the Trusteeship continues its review of the DAO’s financial position following the period of Interim Committee control from May 2025 to 30 September 2026, it has become apparent that significant project resources were expended, much of which we do not yet have transparency on.
Our most pressing responsibility is therefore to dramatically reduce costs and preserve the remaining funds, giving Cedar DAO the longest possible operating runway.
This means ensuring we can continue the Foundation, maintain essential community functions and, importantly, remain operational so that if and when Cedar DAO’s allocated shareholding in Atlas Wallet acquires value, the community is in a position to receive and benefit from that value.
With this in mind, we are announcing two important changes:
1. CEDAR DAO MIGRATION CLAIMS WILL PERMANENTLY CLOSE ON 30 DECEMBER 2026
If you have not claimed your Cedar tokens from the EverGrow-to-Cedar migration by this date, they will no longer be available to claim.
This is not a decision we had hoped to make. However, maintaining the claim infrastructure and the security layers underpinning it is costing the community thousands of dollars each year. An updated security audit would also inevitably be required, potentially costing tens of thousands more.
This expense can no longer be justified for the very small number of outstanding claims, whose remaining monetary value is lower than the cost of continuing to maintain the claim infrastructure.
By the deadline, the community will have had more than 20 months to claim, which we believe represents a fair and reasonable opportunity.
If you have unclaimed tokens, please claim them as soon as possible. If you know somebody who may not have claimed, PLEASE SHARE THIS POST WITH THEM AS A MATTER OF URGENCY.
2. EVERGROW MAN NFT COMPETITION CLAIM PERIOD CLOSED
Almost two years have passed since the original competition winner was drawn.
The original winner was given a full year to claim their prize. Despite this not being required under the competition terms, a second draw was subsequently conducted, and that winner has now also been given approximately ten months to claim.
Given the urgent need to preserve Cedar DAO’s remaining resources, we cannot justify keeping this liability open indefinitely. Paying the prize now would materially reduce the Foundation’s remaining operating funds and significantly shorten its financial runway, despite the original claim period having long since expired.
The claim period is therefore now permanently closed. The funds will instead remain with the project and go directly towards supporting the continued operation of the Cedar DAO Foundation.
These are not decisions we have taken lightly. Our responsibility now is to protect the resources that remain, dramatically reduce unnecessary expenditure and give Cedar DAO the greatest possible opportunity to survive and ultimately deliver value back to its community.
MoonAndroid 🌕 retweeted
CEDAR DAO OFFICIAL UPDATE
Following developments over the 18 months since the launch of Cedar DAO, the project has now entered a period of trusteeship.
As we move into this next stage, this provides an appropriate opportunity to explain what the trusteeship means, set out the immediate path forward and place on record a number of longstanding matters that have now been subject to extensive disclosure and independent third-party review.
The Trusteeship
The trusteeship was established during the transition from the former management structure to the community-elected interim committee. Its purpose was simple: to act as an emergency safeguard while the interim committee created the permanent legal and governance structure required to place the project and its assets into genuine community ownership.
It was always intended as a backstop, with the expectation that it would never need to be used. The trust provides no individual with ownership of, or beneficial entitlement to, project assets. Its powers exist solely to protect the project on behalf of the community and, wherever practically possible, complete the original objective of transferring those assets into an appropriate legal entity representing token holders.
For approximately 18 months, those powers were never exercised.
On 30 September 2026, after it became clear that the original mandate could no longer practically be completed through the interim structure, the trustee activated the trusteeship for the first time and dissolved the interim committee.
The trusteeship is not intended to become a permanent management structure. Its role is to protect and stabilise the project while progressing the transition towards the decentralised community ownership originally intended.
Closing the Historical Record
This transition also provides an opportunity to place several longstanding historical matters clearly on the record.
Over an extended period, substantial corporate documentation, financial and payment records, historical communications, agreements and other supporting evidence relating to different stages of the project were made available for independent third-party review, including to directors, legal advisers and other appropriate parties involved in reviewing the project’s historical record, with certified copies of relevant corporate documentation available upon request.
This process allowed a number of longstanding matters to be independently reviewed and clarified by reference to the underlying documentary record. The conclusions arising from that process were communicated amongst the relevant parties and form the basis of the factual record set out below.
The underlying documentation and supporting evidence will remain preserved and available upon appropriate request to future Cedar Foundation directors, supervisors, legal advisers and other appropriate parties, ensuring that the conclusions recorded here remain capable of being independently examined against the source material in the future.
The principal matters confirmed through that process are set out chronologically below.
1. Founder and Founding Team Tokens
At EverGrow’s launch, an allocation of tokens was made to the founder and his founding team and documented in the original EverGrow whitepaper. Those tokens were held without restrictions upon their subsequent transfer or distribution.
The tokens were later formally transferred under a documented agreement, a copy of which was provided as part of the review. It has been confirmed that the transfers were made by the authorised parties and in full accordance with the agreements governing those tokens.
Over approximately the following three years, the founder and founding team tokens were distributed amongst numerous parties, including team members, staff, contributors and others associated with the project. These distributions were made at the discretion of the respective token holders, who chose to use significant portions of their own allocations to recognise and reward those who contributed to the project.
2. EverGrow Marketing Ltd and Project Administration
In September 2022, operational responsibility for the project was transferred into EverGrow Marketing Ltd, together with the operational and marketing assets and controls required to support the project.
From that point, Sam Kelly served as Chairman of EverGrow, overseeing the project through EverGrow Marketing Ltd until the subsequent transition to the community-elected structure.
The corporate documentation covering this period was made available for independent review and records the structures through which project assets, expenditure and operational responsibilities were administered.
3. Historical Project Expenses
From shortly after launch until the project’s migration into Cedar DAO, significant project expenses were personally funded by Sam Kelly from his own bank account.
In November 2023, it was publicly communicated that $20,000 per month would subsequently be paid from marketing funds to repay accrued project expenses and cover continuing expenditure being personally funded, with only any remaining balance constituting salary.
As part of the subsequent disclosure and review, a complete accounting ledger and supporting proof of payment were provided documenting 510 individual project expenses totalling approximately $275,150, personally funded during this period.
4. Atlas Wallet
Atlas Wallet Development and Community Entitlement
Atlas Wallet was developed through Wallet Enterprises Ltd as an independently branded decentralised wallet, designed to appeal to the wider crypto market rather than being tied to a single token or community. When development of Atlas was publicly announced, extensive communications set out both the structure under which it would be developed and the rationale for establishing it as a separate, independently operated commercial product.
A subsequent community poll supported the transfer of approximately $1.2 million equivalent in crypto assets to Wallet Enterprises Ltd for Atlas’s development. The proposal also provided for the company to raise further capital if required, with the potential for future dilution, while protecting the community’s entitlement to 50,000 non-voting shares, representing the company’s entire issued share capital at the time. The poll received more than 90% support both by participating individual wallets and participating token weight.
Corporate records confirm the transfer of the funds and that Wallet Enterprises Ltd amended its Articles and filed a Resolution protecting the community’s entitlement to the 50,000 shares. That entitlement has no expiry or time limitation and remains in place until the shares can be transferred to an appropriate legal entity representing the community.
The structure therefore allowed Atlas to develop independently and access future investment while preserving the community’s agreed ownership entitlement.
5. Project Liquidity
Although project liquidity was not itself a matter under question, its security and accountability are fundamental to any cryptocurrency community.
Independent blockchain analysis, together with the publicly available on-chain record, confirms that 100% of project liquidity can be accounted for from the original EverGrow launch in September 2021 through to the migration to Cedar DAO in May 2025.
At migration, that liquidity was transferred in full into the new Cedar DAO liquidity pool, which launched with 24,992 SOL, valued at approximately $3.7 million at the time. Custody and operational control were subsequently transferred from the former management structure to a multisig controlled by members of the newly elected interim committee.
May 2025 marks the end of the period covered by this historical review and should not be interpreted as implying any conclusion regarding the subsequent period.
6. Transition to Cedar DAO
The transition to Cedar DAO in May 2025 formally ended the former management structure and transferred responsibility for the project to a community-elected interim committee.
The former Management Team consisted of Sam Kelly, the CTO, Rocket and Cody. Neither Sam Kelly nor the CTO stood for election to the interim committee. Rocket and Cody did stand and were elected, alongside nine other community-elected members, forming an 11-member interim committee.
From the launch of Cedar DAO, all committee servers, groups and operational discussions were accessible exclusively to elected committee members. No individual outside the committee had access to internal information or influence over project operations, liquidity management, expenditure, resources, governance or day-to-day decision-making.
The handover therefore marked the end of the former management structure and placed full responsibility and operational controls for Cedar DAO with the newly elected interim committee.
Historical Record and Closure
This process has allowed longstanding questions relating to the former management period to be addressed through the underlying corporate, financial, documentary and blockchain record, providing greater clarity and closure as the project moves forward.
While there were significant and acknowledged failures in delivering the project’s development objectives, the records covering September 2022 through to the May 2025 handover demonstrate that the material representations made to the community concerning these matters were consistently supported by the underlying corporate and financial record. This included commitments concerning project resources, community protections, ownership and the transition towards a genuinely decentralised, community-owned structure.
Taken together, the documentary, financial and blockchain record demonstrates that project liquidity and financial resources were fully accounted for throughout the period covered by this review, and that community protections and ownership commitments were administered consistently with the structures and commitments communicated to the community.
Looking Forward
Having now extensively disclosed and independently reviewed the corporate, financial and documentary record of the former management period, it should equally be acknowledged that important questions remain regarding the subsequent 18 months.
These include the depletion of project liquidity four months into the interim committee’s tenure, the subsequent breakdown of the committee and governance structure, the cessation of community voting, the deterioration of community social spaces and the circumstances that ultimately led to the activation of the trusteeship.
The community is entitled to the same standard of transparency and independent scrutiny of these matters as has now been applied to the preceding period.
For the immediate future, however, the priority is to look forward: to stabilise Cedar DAO, protect its remaining assets and resources, rebuild its community and establish a sustainable path towards the decentralised community ownership originally intended.
The historical record will remain preserved, allowing outstanding matters to be revisited transparently if and when the community wishes to do so.
For now, the focus is on rebuilding Cedar DAO and securing a positive, sustainable future. Work towards these objectives is already underway, and further communications will follow once the next steps have been finalised.
MoonAndroid 🌕 retweeted
CEDAR $CDR CLAIMS RESTORED
The trusteeship was recently made aware that, for at least the last two weeks, holders have been unable to successfully claim their Cedar DAO tokens from the original May 2025 migration.
Having investigated, we can confirm that the claimpad is functioning as designed, but the SOL needed to power claims had been depleted and had not been topped up.
This has now been resolved, and claims are processing successfully.
cedardao.com/claim/
MoonAndroid 🌕 retweeted
Good to see this finally out there for everyone to read. I’ve known @SamCKx for years and I’m proud to call him a friend. I know how much he’s put into this and how much he’s had to carry along the way. Glad to see the facts finally speaking for themselves. Always got your back brother.
CEDAR DAO OFFICIAL UPDATE
Following developments over the 18 months since the launch of Cedar DAO, the project has now entered a period of trusteeship.
As we move into this next stage, this provides an appropriate opportunity to explain what the trusteeship means, set out the immediate path forward and place on record a number of longstanding matters that have now been subject to extensive disclosure and independent third-party review.
The Trusteeship
The trusteeship was established during the transition from the former management structure to the community-elected interim committee. Its purpose was simple: to act as an emergency safeguard while the interim committee created the permanent legal and governance structure required to place the project and its assets into genuine community ownership.
It was always intended as a backstop, with the expectation that it would never need to be used. The trust provides no individual with ownership of, or beneficial entitlement to, project assets. Its powers exist solely to protect the project on behalf of the community and, wherever practically possible, complete the original objective of transferring those assets into an appropriate legal entity representing token holders.
For approximately 18 months, those powers were never exercised.
On 30 September 2026, after it became clear that the original mandate could no longer practically be completed through the interim structure, the trustee activated the trusteeship for the first time and dissolved the interim committee.
The trusteeship is not intended to become a permanent management structure. Its role is to protect and stabilise the project while progressing the transition towards the decentralised community ownership originally intended.
Closing the Historical Record
This transition also provides an opportunity to place several longstanding historical matters clearly on the record.
Over an extended period, substantial corporate documentation, financial and payment records, historical communications, agreements and other supporting evidence relating to different stages of the project were made available for independent third-party review, including to directors, legal advisers and other appropriate parties involved in reviewing the project’s historical record, with certified copies of relevant corporate documentation available upon request.
This process allowed a number of longstanding matters to be independently reviewed and clarified by reference to the underlying documentary record. The conclusions arising from that process were communicated amongst the relevant parties and form the basis of the factual record set out below.
The underlying documentation and supporting evidence will remain preserved and available upon appropriate request to future Cedar Foundation directors, supervisors, legal advisers and other appropriate parties, ensuring that the conclusions recorded here remain capable of being independently examined against the source material in the future.
The principal matters confirmed through that process are set out chronologically below.
1. Founder and Founding Team Tokens
At EverGrow’s launch, an allocation of tokens was made to the founder and his founding team and documented in the original EverGrow whitepaper. Those tokens were held without restrictions upon their subsequent transfer or distribution.
The tokens were later formally transferred under a documented agreement, a copy of which was provided as part of the review. It has been confirmed that the transfers were made by the authorised parties and in full accordance with the agreements governing those tokens.
Over approximately the following three years, the founder and founding team tokens were distributed amongst numerous parties, including team members, staff, contributors and others associated with the project. These distributions were made at the discretion of the respective token holders, who chose to use significant portions of their own allocations to recognise and reward those who contributed to the project.
2. EverGrow Marketing Ltd and Project Administration
In September 2022, operational responsibility for the project was transferred into EverGrow Marketing Ltd, together with the operational and marketing assets and controls required to support the project.
From that point, Sam Kelly served as Chairman of EverGrow, overseeing the project through EverGrow Marketing Ltd until the subsequent transition to the community-elected structure.
The corporate documentation covering this period was made available for independent review and records the structures through which project assets, expenditure and operational responsibilities were administered.
3. Historical Project Expenses
From shortly after launch until the project’s migration into Cedar DAO, significant project expenses were personally funded by Sam Kelly from his own bank account.
In November 2023, it was publicly communicated that $20,000 per month would subsequently be paid from marketing funds to repay accrued project expenses and cover continuing expenditure being personally funded, with only any remaining balance constituting salary.
As part of the subsequent disclosure and review, a complete accounting ledger and supporting proof of payment were provided documenting 510 individual project expenses totalling approximately $275,150, personally funded during this period.
4. Atlas Wallet
Atlas Wallet Development and Community Entitlement
Atlas Wallet was developed through Wallet Enterprises Ltd as an independently branded decentralised wallet, designed to appeal to the wider crypto market rather than being tied to a single token or community. When development of Atlas was publicly announced, extensive communications set out both the structure under which it would be developed and the rationale for establishing it as a separate, independently operated commercial product.
A subsequent community poll supported the transfer of approximately $1.2 million equivalent in crypto assets to Wallet Enterprises Ltd for Atlas’s development. The proposal also provided for the company to raise further capital if required, with the potential for future dilution, while protecting the community’s entitlement to 50,000 non-voting shares, representing the company’s entire issued share capital at the time. The poll received more than 90% support both by participating individual wallets and participating token weight.
Corporate records confirm the transfer of the funds and that Wallet Enterprises Ltd amended its Articles and filed a Resolution protecting the community’s entitlement to the 50,000 shares. That entitlement has no expiry or time limitation and remains in place until the shares can be transferred to an appropriate legal entity representing the community.
The structure therefore allowed Atlas to develop independently and access future investment while preserving the community’s agreed ownership entitlement.
5. Project Liquidity
Although project liquidity was not itself a matter under question, its security and accountability are fundamental to any cryptocurrency community.
Independent blockchain analysis, together with the publicly available on-chain record, confirms that 100% of project liquidity can be accounted for from the original EverGrow launch in September 2021 through to the migration to Cedar DAO in May 2025.
At migration, that liquidity was transferred in full into the new Cedar DAO liquidity pool, which launched with 24,992 SOL, valued at approximately $3.7 million at the time. Custody and operational control were subsequently transferred from the former management structure to a multisig controlled by members of the newly elected interim committee.
May 2025 marks the end of the period covered by this historical review and should not be interpreted as implying any conclusion regarding the subsequent period.
6. Transition to Cedar DAO
The transition to Cedar DAO in May 2025 formally ended the former management structure and transferred responsibility for the project to a community-elected interim committee.
The former Management Team consisted of Sam Kelly, the CTO, Rocket and Cody. Neither Sam Kelly nor the CTO stood for election to the interim committee. Rocket and Cody did stand and were elected, alongside nine other community-elected members, forming an 11-member interim committee.
From the launch of Cedar DAO, all committee servers, groups and operational discussions were accessible exclusively to elected committee members. No individual outside the committee had access to internal information or influence over project operations, liquidity management, expenditure, resources, governance or day-to-day decision-making.
The handover therefore marked the end of the former management structure and placed full responsibility and operational controls for Cedar DAO with the newly elected interim committee.
Historical Record and Closure
This process has allowed longstanding questions relating to the former management period to be addressed through the underlying corporate, financial, documentary and blockchain record, providing greater clarity and closure as the project moves forward.
While there were significant and acknowledged failures in delivering the project’s development objectives, the records covering September 2022 through to the May 2025 handover demonstrate that the material representations made to the community concerning these matters were consistently supported by the underlying corporate and financial record. This included commitments concerning project resources, community protections, ownership and the transition towards a genuinely decentralised, community-owned structure.
Taken together, the documentary, financial and blockchain record demonstrates that project liquidity and financial resources were fully accounted for throughout the period covered by this review, and that community protections and ownership commitments were administered consistently with the structures and commitments communicated to the community.
Looking Forward
Having now extensively disclosed and independently reviewed the corporate, financial and documentary record of the former management period, it should equally be acknowledged that important questions remain regarding the subsequent 18 months.
These include the depletion of project liquidity four months into the interim committee’s tenure, the subsequent breakdown of the committee and governance structure, the cessation of community voting, the deterioration of community social spaces and the circumstances that ultimately led to the activation of the trusteeship.
The community is entitled to the same standard of transparency and independent scrutiny of these matters as has now been applied to the preceding period.
For the immediate future, however, the priority is to look forward: to stabilise Cedar DAO, protect its remaining assets and resources, rebuild its community and establish a sustainable path towards the decentralised community ownership originally intended.
The historical record will remain preserved, allowing outstanding matters to be revisited transparently if and when the community wishes to do so.
For now, the focus is on rebuilding Cedar DAO and securing a positive, sustainable future. Work towards these objectives is already underway, and further communications will follow once the next steps have been finalised.
MoonAndroid 🌕 retweeted
Atlas Wallet community beta reopens October 16th.
Atlas has today provided a major development update ahead of the reopening of its community beta.
This is far more than a conventional app upgrade. Over the past year, Atlas has undergone an extensive ground-up rebuild, replacing much of the architecture beneath the wallet while substantially expanding what the platform can do.
The rebuilt Atlas introduces support for 16 blockchains, powerful new Markets and TradingView functionality, multi-wallet dApp browsing, expanded on-chain and cross-chain swaps, advanced watchlists and price alerts, rebuilt NFTs, improved privacy and security, and an entirely new on-device data architecture.
Community testing of the rebuilt Atlas Wallet begins October 16th.
The full development update can be read below. ↓
Atlas Wallet End Q3 Update - Community Beta Is Reopening.
Here's what's new:
Rebuilt From the Ground Up
For much of the past 12 months, Atlas Wallet has been behind closed doors in an internal management beta while we undertook by far the biggest development cycle in its history.
We haven’t simply added features. Atlas has been rebuilt from the ground up, with almost every screen and flow replaced or substantially upgraded, an entirely new data architecture underneath the app, seven additional blockchains and a major expansion in functionality.
So, what have we been building?
1. A Smarter Way to Start
We’ve completely reimagined wallet importing to solve one of crypto’s most frustrating problems.
Import a recovery phrase into another wallet app and accounts you expected to see can simply be missing. Atlas now searches the common ways different wallets derive accounts, finds the accounts behind your recovery phrase, checks them for funds and lets you choose which ones to import. Already imported accounts are recognised rather than duplicated, and users can continue searching for additional accounts where needed.
Private keys can create wallets across every supported chain that key can access, while watch-only addresses are recognised automatically and tracked across every compatible chain.
We’ve also added Guest Mode, allowing Atlas to be used without a wallet at all, alongside a new wallet picker across Markets, coin pages, Swap, the browser, Connected dApps and Notifications. Switching wallet updates the experience around the selected wallet in a single tap.
2. A Faster Home Screen and Rebuilt NFTs
The home screen has been rebuilt around the new on-device architecture. Balances can arrive simultaneously across chains, new deposits are discovered automatically, suspected spam and junk tokens are filtered out, including tokens with no real market behind them, such as those with no price or too little liquidity to sell, and users have multiple sorting options, improved token management and one-tap rescanning across enabled chains.
The header now folds into a compact bar as the user scrolls, keeping the balance and wallet in view.
We’ve also substantially rebuilt NFTs. Viewing and sending now extends across 13 chains, collections and media are cached locally for faster loading, Atlas now runs its own media caching layer with a series of fallback sources so artwork loads reliably, and collections flagged as likely spam are filtered out on most chains.
3. Sending & Transaction History Rebuilt
Sending now works through a single experience across all 16 supported chains, with more accurate fee calculation, smarter Max sends and numerous chain-specific improvements.
Transaction history is now stored locally as it’s retrieved, so previously loaded activity can appear immediately. Transactions appear as pending as soon as they’re submitted, update automatically when completed or failed, show the actual network fee paid and link directly to the relevant block explorer.
We’ve also improved everything from address-book integration and transaction filtering to swap and NFT history, tiny-fee display and the way smart-contract interactions are recorded.
4. Powerful Token Research, Built In
The new Markets tab transforms Atlas from simply a wallet into a powerful crypto research tool.
Search for any token on any supported chain, across several chains at once, by name, ticker or contract address, and open detailed research pages showing markets and trading pools, liquidity, supply, market data, price movement, volume, buys versus sells, participating wallets and holder concentration.
Each token shows up to five trading pools to switch between, with price change, trades, buys versus sells and buying and selling wallets broken down over five minutes, one hour, six hours and a day, along with how much of the supply the top 10, 50 and 250 holders own.
From the same page, a token can be added to a watchlist, given a price alert, or sent, swapped or bought, and the chart follows whichever trading pool is selected.
Search itself has also become smarter, ranking results using factors such as volume and verified contracts and displaying key market information before a token is even opened.
Through our partnership with TradingView, we’ve integrated TradingView’s professional charting library directly into Atlas, with drawing tools, technical indicators, candle periods from one minute to one week and chart history extending as far as five years.
Previously, charts were limited to the chains a third-party service supported. Now every supported chain has charts, for any token with trading activity.
Users can now research, analyse, monitor and trade assets across multiple chains without constantly moving between their wallet, charting platforms and DEX screeners.
5. Watchlists, Alerts & Notifications
Watchlists have evolved into a proper market-monitoring tool. Users can create multiple named lists, pin favourites, add an asset to multiple lists and see live prices, movements and alerts alongside their own holdings and fiat values.
We’ve also built a much more comprehensive notification and price-alert system, bringing deposits, withdrawals, swap updates and price alerts into a wallet-specific feed, with push notifications, unread badges and direct links to the relevant transaction.
Users can create multiple price alerts for the same asset, while receiving a previously unknown token can automatically add it to the wallet before the notification is even opened.
Alerts can be set on any token found in Markets, not only ones held in the wallet, and they are checked on Atlas servers so they arrive as push notifications even when the app is closed.
6. A True Multi-Wallet dApp Browser
We’ve rebuilt the Atlas dApp browser around the reality that many crypto users manage multiple wallets.
It now includes searchable browsing history, favourites, persistent connections and a wallet selector directly inside the browser. Atlas remembers which wallet approved which dApp, allowing different wallets to maintain different connections across wallet switches and even app restarts.
WalletConnect has been extensively rebuilt too. Sessions can persist and reconnect correctly, network switching is handled more intelligently, connected dApps can be reviewed and disconnected individually, and Atlas can connect through sites’ own wallet lists or Atlas Connect.
Approval screens now clearly show the site, wallet, requested network, value and fees where applicable. Signing requests are presented in readable form, while unverified or potentially risky domains can trigger warnings.
7. A Bigger, Smarter Swap
Atlas Swap has undergone a major expansion.
On-chain swaps are now supported across 12 networks, with Atlas automatically searching available routes, prices and liquidity. Much of the complexity around route finding, approvals, fee estimation and transaction preparation is handled behind the scenes while the user retains control of final approval.
Transactions can be test-run before confirmation to identify likely failures, quotes and prices continue refreshing as markets move, balances and fees are rechecked before submission, and users receive plain-English errors rather than raw technical messages.
Each network uses the exchange engine best suited to it, and on certain networks Atlas can split a trade across several pools for a better price.
We’ve also significantly expanded Atlas Cross-Chain Swap, adding networks including Base, Robinhood Chain and Arbitrum to an already extensive range that includes Bitcoin.
The result is one of the broadest cross-chain swap experiences available within a self-custody wallet, allowing users to move assets directly between a remarkably diverse range of blockchains without leaving Atlas.
Atlas handles the complexity behind the scenes, including destination addresses, rates, service and transfer fees, balance and network-fee requirements, estimated completion times and refund addresses where required.
We’ve also rebuilt fiat buying and selling. Available provider quotes can be requested simultaneously and sorted by what the user actually receives, while orders are tracked through to completion and provider updates verified within Atlas.
8. More Chains with Less Clutter
Atlas now supports 16 blockchains, up from nine, with Base, Monad, Arbitrum, Optimism, Robinhood Chain, Linea and Gnosis among the additions.
But adding chains shouldn’t mean cluttering the app.
A new Chains screen lets users decide exactly which networks they want enabled throughout Atlas. Disable a chain and it disappears across the experience; turn it back on and Atlas automatically rescans the relevant wallets and restores the assets it finds.
And we’re not stopping at 16.
9. Security, Privacy & Personalisation
A significant amount of work has also gone into parts of Atlas that users should barely have to think about.
The lock, PIN and Face ID experience has been rebuilt, recovery phrase and private-key screens have additional protection, changing a PIN re-encrypts stored keys and phrases, and Atlas can hide sensitive information when the app enters the background.
Settings has been reorganised around the new Atlas experience, bringing together chain management, display currency, security, biometrics, auto-lock, address-book management and connected dApps. Guest and watch-only modes also intelligently remove options that don’t apply to them.
Balances, token lists, transaction history, contacts, NFTs and watchlists are now stored efficiently on the device rather than in a central Atlas database. Screens can open from their local copy and refresh in the background.
10. What You Can’t See
Perhaps the biggest part of the rebuild is the part users won’t see at all.
The old architecture built around a central database monitoring addresses has been replaced by Atlas’s own blockchain data layer.
Atlas can use different data sources for different chains and services, automatically retry or isolate failing providers, intelligently cache shared data and allow unaffected parts of the app to continue operating when an external provider has problems.
Underneath that are new systems for notifications, swap confirmation and alerts; unified chain and networking components; a new on-device database and synchronisation system; shared fee calculators and interface components; encrypted storage for phrases and keys; and an architecture designed to request only the data that has changed rather than repeatedly downloading everything.
Even the less visible systems have been rebuilt: notifications are verified and deduplicated before being sent, suspicious transfers can be filtered, failed provider responses aren’t cached, chart history is intelligently stored and refreshed, watched addresses reconcile automatically, and price alerts are continuously checked in the background.
The result is fewer unnecessary network requests, greater resilience when third-party services fail and substantially less user information needing to exist on Atlas infrastructure.
Our application servers retain only what’s required for services such as notifications and orders, not users’ balances, portfolios or complete transaction histories.
And most importantly, private keys remain on the user’s device, with transactions approved and signed there by the user.
Your wallet. Your keys. Your data.
The Atlas our community testers will shortly receive is very different from the builds they tested previously.
Some of that difference will be immediately obvious: more chains, powerful Markets and TradingView tools, multi-wallet dApps, dramatically expanded swaps, alerts, watchlists and a completely redesigned experience.
But some of the most important work has happened underneath: an almost entirely new infrastructure designed to make Atlas faster, more private, more resilient and capable of supporting what comes next.
And even this is only the headline list. Across Atlas we’ve made hundreds of additional improvements to performance, reliability, security and UX, alongside the countless fixes and edge cases that turn individual features into a polished product.
After the biggest development cycle in Atlas’s history, it’s time to put it back into the hands of our community.
Community beta is reopening on October 16th.
Welcome to the new Atlas!
