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Wednesday, 06/01/2022 8:44:30 AM

Wednesday, June 01, 2022 8:44:30 AM

Post# of 602
Hello SINU Community,

This project was built with one major goal- to progress, promote, and highlight SmartDeFi technology. Many of us dedicated our lives to this, myself included. We have put so much time, money, energy, and faith in this goal, to push the safest and smartest technology in DeFi. The recent exploits have harmed the image of our project... and as you all know, our entire roadmap is focused on SD.

I've had some seriously emotional days over all of this. I love everything we have built and Smart Inu is all of our creation from the very beginning. With a heavy heart, I must express, that SINU can no longer continue as it was. I have carefully considered all options, and none of them seem to lead back to continuing with business as usual.

Our entire roadmap and everything we have been building and working towards has been for the progression of SmartDeFi. Between the services we provide, and the utilities that have been under development, SD was everything to us. We don't have any other utilities and nothing to currently offer the market. Revamping with new utilities is a consideration, but it doesn't seem to make sense under our current branding/SINU, and not something I'd want to rush.

I don't want any false expectations- this exploit was the abrupt final chapter to an incredible journey, and its time to consider the next book.

The SINU team has shown support for sticking around to help launch a new project entirely. This will take time, it will not be soon, and it will not be rushed. We take it slow, build out proper utilities, and make sure its ready for the next bull market. A snapshot has been taken of all SINU holders after trading was stopped. When we decide to launch a new project, we will ensure there is an allocation of tokens for all SINU holders.

We are also following developments from Degen Traders as well, as they have taken upon the task of creating a standard token with asset backing built into it. They plan to make this available to others, so we are excited to see what they come up with. Lets support them through this journey.

If FEG is able to recover the liquidity of SINU and create v2 of everything, you can freely trade and do as you please, your holdings have already been recorded and you will not be disqualified from airdrop/claiming when our new project goes live. If only the BNB is recovered, we'll discuss and vote as a community for the best utilization, whether distribute based on holdings, wait and use for liquidity of new project, or other. If no recovery, we will still have the snapshot to personally make things right for all of our SINU community. Since all of that is unknown at the moment, don't really have answers to all of it but will keep you all updated if anything is brought to light.

Part of the reason I've been quiet about all of this is because of not having all the answers. I've considered the paths I'd like to take depending on the outcomes, and none of those paths lead to business as usual.

Always the best, SINU community. I hope you all stick around as we evolve and determine the best approach for a new project. There will be no timelines and no expectations set. Everyone in our community can be part of the creation and the direction over time. For now, we have plenty to think about.

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