The project team is really frustrating. The AMA time was changed from 1 PM to 3 PM, and just before 3 PM, it was changed to 4 PM. Damn it. I had prepared a script for the discussion, but not a single person from the project team was allowed to speak. They wrapped it up after talking for 7 minutes. It turns out this wasn't an AMA; it was clearly just a notification. Let me summarize the content of the "AMA": Why are only large holders getting refunds? The explanation is: to protect ordinary users and avoid being suppressed by large holders. Can ordinary people get refunds? The explanation is: everyone can choose a partial refund, which will be open on January 27 at 17:00 UTC. How much can be refunded? The explanation is: it needs to be calculated. Currently, 21 million has been raised, and 7 million (30%) has already been refunded. In the future, at least over 50% of the funds will be refunded. Can I get a full refund? The explanation is: no, I will still follow the previous plan. I just acknowledge that I did not clearly explain the soft cap and hard cap to the public, but the money you invested still needs to be calculated before we inform you of the refund ratio. I’m not sure if my understanding is correct; everyone can listen to the recording again. The institutions have also released statements, so everyone should understand it in conjunction with the institutional announcements.