A New Chapter: Refining Our Product, Expanding Our Potential

Dear Sugarbounce Community,

We are reaching out to share some critical updates regarding the future of Sugarbounce. From the start, our mission was to establish a unique platform for content creators and their audiences. We’ve put immense effort into building Sugarbounce, and your support has been invaluable throughout this journey.

After thorough analysis, we’ve reached a pivotal conclusion: despite our significant achievements, including onboarding over 2000 creators and streaming over 350,000 hours in two years, Sugarbounce could not secured the sustainable revenue stream we aimed for. This outcome isn’t due to a lack of dedication — our team has been working tirelessly, but the financial model wasn’t scaling as hoped.

However, this leads us to an exciting development: during the creation of Sugarbounce, we developed a novel decentralized Content Distribution Network (DePIN) to power our platform.

“We built DePIN before DePIN was cool.”

Over the past year, we’ve adapted this technology for broader use as an independent Decentralized CDN, successfully piloting it with a couple of clients. This system not only supports our operations but also generates a stable revenue, now ready for a full market launch. We see vast potential in this technology beyond our initial scope.

Therefore, we are pivoting our business model. Sugarbounce is transforming into a product that leverages this advanced CDN technology, which we will unveil next week. Here’s what this means for you:

• Tokenomics Remain Unchanged: The $SUGARB token will see no alterations; no new tokens will be issued, nor will any be taken out of circulation.
• Enhanced Value Proposition: Our new focus on a decentralized CDN presents a larger, more stable market opportunity. This transition promises increased value for our ecosystem and stakeholders.
• Seamless Transition: Your experience will continue uninterrupted. We’re ensuring a smooth shift to the new protocol over the next two weeks.
• Monthly Buybacks: We will commence monthly buybacks with the revenue generated.
• New Staking Programs: With the launch of our private testnet, we’ll introduce new staking opportunities.
• Incentivized Testnet: On the launch of the testnet, We would be running an incentivized airdrop campaign where community can test the platform.

We are confident that this new direction will lead to a brighter future for our technology and community. Over the coming weeks, we’ll provide more details on our roadmap and offerings. We commit to keeping you informed throughout this transition.

Thank you for your continued support. We are excited to embark on this new journey with you!

Upwards & Onwards!