FLIP Announcement

Dear Crescent Community,

We would like to extend our heartfelt thanks for your unwavering support and engagement, especially during the recent decision on the future of the Crescent Network. Your participation and feedback have been instrumental in guiding our decisions.

On February 10th, the Crescent Foundation proposed to the community a sunset of the Crescent Network, which passed on February 15th with a Yes of over 99%, and turnout of over 82%.

We understand and well appreciate the continued support that the community showed during the brainstorming and alternative-searching phase of Crescent over the past few months. As mentioned in the initial Medium Blog Post, prior to the sunset proposal, the Foundation worked tirelessly in pursuing the possibility of migration or adaptation of Crescent by another ecosystem

In recognition of your steadfast loyalty and to honor the commitment of our holders, we are announcing an airdrop as a token of our appreciation. We have heard your concerns and suggestions loud and clear, and be assured, designing the airdrop parameters with your best interests in mind was our top priority. Your voice as the community has been pivotal in this process.

The airdrop will be based on the following snapshot(holding amount of bCRE and CRE, including farming in pools), carefully chosen to reflect our commitment to fairness and inclusivity:

• Snapshot: December 31, 2023, at 23:59:55 (Block height: 10249517)

The snapshot is a reflection of our commitment to ensuring that our most dedicated supporters are recognized and rewarded.

Thank you once again for your incredible support and for standing by us. We are committed to navigating this transition as smoothly as possible and look forward to your continued engagement in the journey ahead.