IMPORTANT COMMUNITY UPDATE

Hello LEADers,

We are sorry about the communication gap that has existed within the past few weeks, we have been having internal discussions on the best way forward for the project, our wallet application, and what the future holds.

Sadly, we must announce that we have put the Lead Wallet Project on Hold Indefinitely.

WHAT HAS LED TO THIS DECISION?

Let us start from the beginning.

When we launched our ILO with Lead Protocol, we were able to raise approximately $350,000 which surpassed our soft cap. From that sum, 60% was permanently locked as liquidity on Uniswap, which meant majority of raised funds are untouchable by the team or any dev for that matter.

20% was used for initial buyback and burns which took place almost immediately the public sale was over.

20% which amounted to approximately $70,000 was then released to the team for running of the project.

We developed a beta app version which should have transcended to the Mainnet app but due to numerous bugs and development-related issues, we had to abandon all codes, efforts time put into developing the beta wallet in favor of starting from scratch. To this end, we hired the…