Dear Roseon Community:

We know the last few months have been really difficult for all of us. As of this writing, our token price is down by 85%. On the brighter side, Roseon is in a better situation than ever before.

• We are a strong community with 90,000+ KYC’d users, 200% more than last year.
• Even in this bear market, the Daily Active User (DAU) count stands at 10,000, 2X from the previous quarter.
• We partnered with 60+ established brands in the industry and launched 26+ projects on RoseonPad.
• We integrated with PancakeSwap and Beefy to provide more investment opportunities and make it easier for users to access DeFi services to yield farm, swap and participate in Liquidity Pools.
• The Total Value Locked (TVL) stands at $18 Million+ (9X more than last year’s $2Million)
• Launched 4 mini-games in the app and a Game Store where users can play and earn apart from buying, selling, and exchanging game assets.
• Recently Roseon merged with Tiny Castle to become Boutique Mobile-First Web3 Game Publisher.
  As a part of our social responsibility, Roseon frequently carries out online workshops to educate people about the industry.
• We collaborate with institutions and student organizations to make blockchain more widely available.
• We recently launched our NFT RoseWear collection and an NFT community on Twitter, it’s growing fast.
• NFT Launchpad is making notable progress in the development stage and will be live this week.

So if everything is going well, why is the token price declining?

As named investors say, a ” Bear market shows the real side of a project.”

We are not the only one facing the drawdown; big cryptocurrencies like ETH and BTC are also down by 60%, and the whole crypto market capitalization is down from $3 Trillion to $1 Trillion.

We have made good progress in these tough times and expect the same to continue.

Our priorities and focus have always been on a long-term time horizon. Short-term setbacks do not define your capabilities. What matters is how you react. We’re here to stay. And we’re going to keep creating valuable utilities for our community.

The Roseon ecosystem is one of the most vibrant in the crypto ecosystem and we will emerge from this together.

Allan Ta, CEO, Roseon