An Open Letter to Our Valued Community Members Regarding the Recent DFA Investment Warning & Termination of Trading Support

Dear DeFine Community,

Amidst the recent Investment Warning for DeFine (DFA) on Bithumb Exchange and the termination of trading support, we understand the concerns that have surfaced. Your trust and ongoing support mean everything to us, and we want to ensure clarity and transparency during this period.

Clarifying Participation and Platform Activities

We want to highlight the vibrant engagement within our platform despite external perceptions suggesting otherwise. Our badge system has been a driving force, fostering a robust community environment. While specific metrics aren’t publicly disclosed, our data consistently reveals a positive trend in user activity.

In 2023, 23 projects actively utilized DeFine to host 28 badge events, issuing an impressive 45,892 badges across multiple blockchain networks. These events showcased diverse initiatives, encouraging collaboration and fortifying our community.

Platform Status, Roadmap, and Development

Our platform’s vitality is evident through metrics: 111,709 protocol users, 69,047 DeFine badge holders, and 10,966 DFA token holders spanning 191 countries. Looking ahead, our 2024 roadmap delves into innovative intersections like NFTs and AI, evolving NFT usability, and redefining identity through NFTs. Our commitment to innovation and community involvement remains at the core of our journey.

Collaborating with BASE, an Ethereum Layer 2 network incubated by Coinbase, signifies our commitment to development. This integration assures a secure, cost-effective environment, addressing concerns regarding transaction fees and processing times.

Communication Efforts and Upcoming Plans

Despite recent announcements, our commitment to our community remains steadfast. We’ve been actively engaged in various community-driven activities that have garnered an incredibly positive response. We’ve actively communicated updates, partnerships, and events across multiple channels. Acknowledging potential gaps in reaching our Korean Telegram community, we’re refining our strategies to ensure comprehensive global information sharing. Here are some highlights:

• A new 2024 NFT badge for DeFine Genesis badge holders: We’ve already airdropped 3,013 out of the 20,000 total NFTs as part of an event for loyal members who minted DeFine Genesis Badge NFTs.
• DeFine Christmas & Year-end Carnival on QuestN: Our open event for the holiday celebrations currently boasts over 1,825 participants, with more invitations planned for the coming year.
• DeFine Korean Community Invitation Event: Our efforts to promote DeFine’s official Korean channel have resulted in significant growth, welcoming over 500 new participants.
• A year-end NFT Badge Festival with global partners
• Announcement of 2024 Roadmap of DeFine: We recently unveiled our official 2024 roadmap, shared extensively across our community channels and social media platforms.

Community-Driven Responses

We’ve witnessed remarkable organic responses within our community:

• Community members are actively utilizing our NFT Badge System to create and distribute commemorative badges for crypto traders, fostering a sense of community ownership.
• Significant engagement on Twitter, with 10.1K impressions and 1.1K RTs in a 7-day period, and a notable surge in website traffic, over 90% from international locations, highlighting our global reach.

Despite recent events, the overwhelming response from our community, particularly in such a short time frame, has been incredibly encouraging. We’re gearing up for holiday events and communication initiatives that we believe will be even more impactful as we transition into the new year.

Our Commitment to You

We are unwavering in our commitment to growth, community engagement, and transparency. Our focus on development, integration, and robust communication strategies ensures an enriched experience for our global community.

While we’ve diligently worked to address concerns raised by Bithumb Exchange regarding DeFine’s Platform status, roadmap, and development, it’s disheartening to note the lack of communication from their end acknowledging our sincere response. As a valued member of the DeFine community, your voice holds immense weight in advocating for transparent and constructive dialogue. We urge you to join us in requesting Bithumb to engage in a meaningful conversation regarding the clarification we’ve provided.

Your active participation in articulating the importance of transparent communication between DeFine and Bithumb Exchange can significantly impact the resolution of this matter. Highlighting our commitment to transparency, the vibrant engagement within our platform, and our comprehensive roadmap emphasizes the need for a two-way communication channel. Your collective voice amplifies the significance of addressing any remaining queries or uncertainties from Bithumb’s end, fostering trust and understanding between both parties for the benefit of our entire community.

Your ongoing support is the driving force behind our journey. We deeply appreciate your trust and understanding as we navigate this phase.

Sincerely,

DeFine Platform