Dear Communities,

First of all, we wish to thank you for all the feedback we have received over the past week regarding both companies coming together.

There were a lot of mixed reactions to our proposals. This process has also led to an erosion of trust between two good communities and the team. This is the last thing we want, and that is why we have spent a lot of time, internally and externally, to come up with this conclusion.

You have made your point. Two major feedback on the merger and token swap:

1. Little or no token dilution — both COSS as well as LALA / ARAX holders

2. Favorable Swap Ratio — especially when it comes to CFT vs LALA

There was a whole host of other feedback on other aspects of our business. We have taken them fully into consideration. We have also worked on multiple iterations alongside our financial and legal advisors.

We have decided not to hold a vote.

While we have tried our very best to be as democratic as possible in this process, we realized that it is impossible to please everyone. As democratic as that process may be, as business owners, we owe it to you, to make good/tough decisions, and do what is best for everyone, as best as we see fit and move forward.

We will have ONE token (ARX) across the entire ecosystem, BUT we will NOT increase the supply above the already existing 200M COSS tokens.

How can this be achieved: We will use the founders and team’s existing tokens and future funding pool to keep an equilibrium. The total token supply will not get diluted. This means the majority of the new ARX token will be in the circulating supply, from day one.

Other changes to be noted:

Fee Split Allocation (FSA) of 50% for everyone- The new ARX token will still have the FSA you know and love

Trading Fee Discount for everyone- We are incorporating CFT’s token use case into the new ARX token

The Time Deposit (TD) feature will be removed

A percentage of our profits will still be used to buy back tokens in the open market. The use case for these tokens shall be evaluated at a later stage by the company

With these changes, we project a higher revenue, which will allow us to rebuild our company war chest over time. For now, we have enough finances to cover our development and team expenses.

The plan is to look into various other planned features and implement them if/when we feel the time is right. We are here for the long run, and we are building for the future.

These are our final numbers:

The new MAXIMUM supply will be 200M ARX