I've been doing a bad job recently with regard to transparency, public trust, and community alignment. That’s on me. It’s been greatly requested that we provide more transparency related to our pending flywheel (FW). When Believe’s volume surged in May, I didn’t even know what a flywheel was. Honestly, we simply weren’t prepared to be one of the leading platforms in the space. I had to move fast and surround myself with people who had experience launching similar mechanisms at scale. Believe is now working with a team widely regarded as the best in the space for this kind of work (we’re intentionally not naming them here). To launch a flywheel in a compliant way, a specific corporate structure is required. Setting up that structure involves several prerequisites that are being expedited as much as possible. We’re now in the final innings of the process. If I knew what I know now, candidly we would have waited to launch a coin, so that we could have a FW from Day 1. I know that this has been a painfully long experience for our community and that we’ve been very poor on communication. I apologize for that. The lack of communication has damaged the trust that people have placed in us. It is on us to earn your trust back, and it will take time to do so. Once our flywheel is live, I believe it will set the gold standard for what’s expected from crypto projects. Every project with a live coin should have an attached flywheel—it’s the obvious future. Thanks to all for the input so far. We’re still so early.

RASMR TAKES MIAMI IRL STREAMS ALL WEEK 👇🏼👇🏼