EARNFT’s June Update — Ecosystem, Governance, EARNFT dApp

Intro

We’re thrilled to present our June update, packed with valuable insights into our ongoing backstage endeavors, the most recent news on the EARNFT dApp, and an in-depth exploration of our forthcoming Governance mechanisms. This update is brimming with vital information, so without further ado, let’s dive right in!

Ecosystem Update

We’re delighted to report that we’ve made significant strides in preparing for the EARNFT NETWORK launch, particularly in terms of its growth. Building upon the roadmap recap we established in our previous community update, here are the pivotal updates and milestones we’ve achieved in the past few months.

Let’s kick things off by delving into aspects related to EarnOS™, including the Mode Earn App, Mode Earn Phone, and Mode Earn Club:

• We launched the updated version of the Mode Mobile website.
• We launched the updated version of the Mode Phone website, including the Earn Club MAX offers.
• Over 100,000 extra Mystery Boxes have been distributed to users since our last update, containing between 0.5 and 100,000 $EARNFT tokens, and hundreds of sweepstakes entries.
• Over 15,000 Mode Earn Club MAX subscriptions have been sold, our brand-new subscription-based model offering users the ability to get:
• A free EarnPhone, Mystery Boxes, and Sweepstake entries.
• 50% to 75% faster earning in EarnOS™ enabled devices & apps.
• Unlimited Text & Talk coverage.

Access to free and discounted products, travel hacks, free streaming services, free legal services, free earning opportunities from the government, exclusive access to new class action lawsuits, free stocks, and so much more. If you’d like to learn more, click here.

Continuing with our progress report on noteworthy achievements, our cutting-edge Pay-Per-Minute technology has propelled us to new frontiers:

• Our Pay-Per-Minute technology has been revolutionizing the earning experience for millions of users, rewarding them for every minute they spend on their devices.
• Valuable feedback gathered has shed light on how this technology will be crucial in the expansion of the EARNFT NETWORK by helping our most relevant partners.
• In parallel, our Business Development team has been securing partnerships with Carriers centered partners and OEMs on facilitating the use of this technology, thereby bolstering the reach of Mystery Boxes and $EARNFT adoption.

Governance within the EARNFT NETWORK

In our most recent update, we unveiled the refreshed roadmap, tracing our trajectory towards the anticipated launch of EARNFT NETWORK, and token generation event, slated for December 12, 2023. This milestone event in and of itself, will facilitate the broader availability of the $EARNFT token and Mystery Boxes. Users across an array of platforms, from EarnOS™, enabled devices and apps to the EarnClub Community, and BLU3CHIP NFTs holders, as well as our diverse network of platform partners, will gain full access to the benefits that the EARNFT NETWORK team has been diligently developing over the past few years.

This monumental event on the horizon, set to occur within the coming months, marks the beginning of an exciting chapter. Soon after, we’ll witness the full decentralization of the EARNFT NETWORK, establishing a foundation for our network to grow and expand beyond its present boundaries. The intention behind this section of the update is to delve deeper into the complex details of what network governance will entail for $EARNFT holders and other network participants.

Following the launch of the EARNFT NETWORK, $EARNFT holders will be allowed to generate proposals and determine their outcome through voting. These proposals will cover an extensive spectrum of themes and objectives, from targeted network growth strategies and internal mechanisms, to community-driven initiatives. In the weeks succeeding the network’s inauguration, we anticipate a surge in proposals such as:

• The addition of new platform partners and their respective Mystery Box grant issuance.
• Token-related proposals, such as staking mechanisms and issuance.
• Decision-making around the brand new governance pool of unused $EARNFT from the Mystery Box staking mechanism.
• Product updates and enhancements around the EARNFT dApp.
• New areas of growth and onboarding additional use cases for $EARNFT within the ecosystem.
• Other community-driven initiatives and proposals.

All governance mechanisms should be as straightforward and predictable as possible, enabling the majority of our token holders to voice their opinions and cast votes on each proposal. As such, our platform of choice — widely adopted as the ‘town hall’ for a multitude of projects, DAOs, and communities — is Snapshot. Snapshot has become the preferred hub for thriving web3 communities to shape their project’s trajectory, boasting an extensive track record of votes cast on proposals for projects like Uniswap, ENS, AAVE, Arbitrum, OP, and many others. One of Snapshot’s standout features is its gas-free voting, removing a long-standing hurdle for most community members. Additionally, projects have the flexibility to determine their voting methodologies, accommodating a variety of systems and strategies such as quadratic voting, NFT voting, or straightforward linear voting.

Initially, EARNFT NETWORK proposals will be governed by traditional linear voting, which implies that the weight of a holder’s vote in a proposal will be directly proportional to their $EARNFT balance. Over time, however, the community can vote and alter this method via a new community-driven proposal, allowing BLU3CHIP NFTs or Mystery Box holders to gain voting power.

Ensuring transparency and clarity in our processes, all protocols and procedures required for a proposal to be eligible for voting will be comprehensively documented and readily available. This documentation serves as a valuable guide, outlining the necessary steps, principles, and criteria that govern the process of formulating a new proposal. We aim to equip anyone who desires to introduce a proposal with the tools and knowledge to do so effectively. This will foster a culture of open dialogue, community engagement, and shared decision-making within the EARNFT NETWORK.

In conclusion, we invite and encourage every member of our community to engage with these processes, contribute to our network’s evolution, and make their voices heard. If you have any questions or require further clarification on any aspect of this topic, please do not hesitate to raise them on our Discord server. Our team is always available and eager to assist. Together, we will continue to shape the future of the EARNFT NETWORK.

EARNFT dApp Update

As outlined in our updated 2023 Roadmap, our team has been diligently working throughout Q2 to form strategic partnerships leading up to our token generation event. We have launched and expanded our innovative Pay-Per-Minute Technology for EarnOS™ enabled devices and apps, defined the scope of building our tech stack on Polygon, and integrated our Pay-Per-Minute Technology with $EARNFT and Mystery Boxes to serve as the primary reward engine. Additionally, we’ve worked tirelessly to expand Mode Earn Club, leveraging it as an exciting opportunity to extend the reach of $EARNFT and Mystery Boxes even further.

As many of you may know, our EARNFT dApp will serve as the central hub for all platform partners and users of EarnOS™ enabled devices and apps. As projected in our roadmap, this will be available towards the end of the year, preceding our token generation event and full network launch. We anticipate this will be a significant event in the space, attracting considerable attention, expanding our community, and paving the way for the $EARNFT launch in December.

We are pleased to present a preview of the user interface and user experience (UI/UX) of the EARNFT dApp. Here is a glimpse of our desktop version.

Alongside our desktop version, we’ve also made considerable progress on the mobile iteration of the EARNFT dApp. We’ve prioritized a seamless user experience, starting with a simplified login process that leverages well-established tools in the web3 ecosystem.

The user flow is intuitive and straightforward, catering specifically to those who may be less familiar with such platforms. We believe this user-centric approach will expedite adoption and attract newcomers to the space, thus expanding our user base and further enriching the EARNFT community.

Over the next few months, we’ll be sharing more about our EARNFT dApp as we get closer to our launch date. You can look forward to seeing our smart contracts and learning more about how we built everything. Your feedback means a lot to us, so we can’t wait to hear your thoughts on our Discord Server. Stay tuned, we’re excited to hear from you!

Conclusion

That’s all for now. We hope this offers some valuable insights on what you can expect from our upcoming launches of the $EANFT token, EARNFT dApp, and governance platform. We will have more information regarding these key initiatives in the coming months, so keep an eye on our public channels. If you have any questions, be sure to join our Discord, and we’ll be happy to assist Until next time… ✌️

— EARNFT NETWORK Team

[PLEASE READ] Important legal disclaimer:

CREATION OF FOUNDATION: We have commenced the process of creating the EARNFT Foundation, which will be established under the laws of Gibraltar. The EARNFT Foundation will be the legal entity that will enable EARNFT Coin holders to steer and control the direction of the EARNFT Network through proper governance once the network launches. At that point, Mode Mobile and its team members will have no control over the EARNFT Coin or Network. This aspect is key to the EARNFT Network operating in a truly decentralized fashion. A key governance aspect of the EARNFT Network will be to approve and distribute EARNFT Coin grants to projects and platforms that wish to participate in the EARNFT Network. Accordingly, an important part of the foundation establishment process will be to create procedures and documentation associated with grant applications, applicant diligence, and, ultimately, the execution of grant agreements. We expect the EARNFT Foundation to be up and running well in advance of the network launch.

This discussion may contain forward-looking statements that are based on our beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “is designed to,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements may involve risks, uncertainties, assumptions, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each such forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements include, but are not limited to, statements about developing and designing the EARNFT Network, including the EARNFT Coin and its future utility; our expectations regarding regulatory developments and their effect on the EARNFT Network, including the ability of applications on our network to develop a user base and a successful business model; and potential future listings on an exchange or ATS. We cannot assure you that the forward-looking statements will prove to be accurate. Furthermore, if the forward-looking statements prove inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. We undertake no obligation to update any forward-looking statements publicly, whether as a result of new information, future events, or otherwise, except as required by law.