Corite Announcements

I know the tension has been high here since I took over things in May 2024 - I made some miscalculations as to how long it would take to get everything put together to continue the journey. A new brand has been created, a new website will be launched soon to show it off! We have quite a utility roadmap for $CO created which will also undergo a rebrand. I thought I would start to do these weekly community updates here just to show what I’m working on, here’s what’s going on this week: Finalizing recruitment of new lead developer Working on big infrastructure strategic partnership Preparing investor meetings for Token2049 next week Working on marketing strategy for launch of the new brand! Will keep this up weekly now so you can all stay on track with what’s going on!

Very excited to unveil our newest partnership with JKBX! https://musically.com/2024/06/25/jkbx-and-corite-team-up-for-fan-investments-in-music/ We have teamed up with U.S.-based JKBX to provide our community with a broader range of options for music investments. JKBX is a company offering SEC-qualified Royalty Shares of hit songs recorded by global superstars such as Beyoncé, Adele and Taylor Swift . These Royalty Shares entitle investors to a portion of the income generated from these songs. Why? When Corite was started we wanted to build a community of people passionate about investing in music. We have built a community of over 14,000 $CO holders and 100,000 registered users, and we feel there is still more to give in terms of music investments. This is why we’ve decided to partner up with JKBX to really expand our partnership offerings! How? We will be sending out custom links over email and then you’ll need to sign up with JKBX and you’re ready to go! Starting out this promotion is only available to users with US or Canadian bank details.

I will be hosting a little Friday spaces to update you all on the progress this past month! Please post your questions below and tune it at 3:00 PM CET! https://x.com/i/spaces/1yoKMwABpjYJQ // Vincent

Dear community, The new CO Foundation website is now LIVE! Check it out: https://cofoundation.io/ Building this website was part of doing things right from the ground up. Now we have solid fundamentals to build on and a clear distinction between the CO Foundation and Corite. And to be clear - this is not the product website - this website replaces corite.org - the new project website is still under construction and I can assure you it will be worth the wait, especially for OG holders The website contains some hints as to what’s coming next - I want to hear your speculations and thoughts on the design! To celebrate this we’re doing an AMA tomorrow at 3:00 PM CET- will make sure to record it this time Up and to the right!

Gm frens! Another personal update from my end while we wait for next steps to materialize! I’ve currently got 5 different work streams going on and looking to bang them out one by one. Not easy to manage but we’re getting there day by day! What’s going to come out next is the new CO Foundation website which is replacing corite.org - I’ve seen the design and I’m extremely satisfied with it, just have some minor fixes that need to be done before it can be shipped. Don’t confuse this with what’s to come btw - you will definitely notice once new the first steps of the new product is live 🙂 Since brand building and development is taking some time I was thinking about setting up a Zealy campaign where the top 20 participants would get to see behind the scenes what’s coming on a private call with me. Is that something you’d be interested in? Also time for an AMA very soon - at latest next week! I would ideally like to have the new Foundation website live first and then do the AMA. I’ll send out an announcement well ahead of time so don’t worry! Will make sure to record it this time 😅 LFG!

Gm! Past few weeks have flown by and a lot of things are happening in the background. Thought I would share a quick personal update with you all! The rebranding of the CO Foundation is in full swing and should be coming to a close within the next 10 days. We're also working on something new outside of the Foundation which will indicate the way forward. When it comes to scouting advisors and building new partnerships I've been having a lot of meetings. Got one deal locked in (see image for clue) and another one very close to signing. On the advisor front I've been talking to a lot of talented people in marketing, design and community - very excited to start rolling this out once rebrand is complete. I'm not going to rush this one because we only want the best of the best on our advisory board. Also very stoked about the ETH ETF approval odds going through the roof. Let me tell you if it gets approved you are in for an alt season like never before. Culture is fundamentals - expect a new update v soon.

Happy Friday! Our friends at MasterExchange just launched another banger IMO! This time they're offering up Boss Bitch - Doja Cat by Sky Adams. After the last campaign with Calvin Harris' How Deep Is Your Love they have built up a huge backlog of users waiting to get access to the platform. As a member of the CO community you are now entitled to skipping the line and can invest directly in the IMO by going through our custom link: https://www.masterexchange.com/corite The IMO is priced at 10,40€ per share and has an estimated yield of 13,17% based on past performance. Have a great weekend and happy investing fam!

Yoyo! For some reason the Twitter space bugged and did not record as I had planned, so I decided to share a summary with you all going through the most important questions. What is the difference between Corite and Project CO? Project CO or the CO Foundation is the organization that issued the $CO token and governs everything that has to do with the $CO token. Corite is a private company that builds tools, services and apps for artists and fans. The CO foundation commissioned Corite to build out the platform you all know as “Corite”. There has been a lot of confusion regarding this due to naming (for example token name is Corite and this server's name is Corite). This is the main reason we’re rebranding Project CO because we’ll be able to create a clear separation between Project CO and Corite. How long will it take to get the project on track? Hard question to answer as “on track” is a matter of perspective, but my short answer is one month. Currently working on Rebranding New advisory board New partnerships All of these will be done within the month of May, then we start focusing on the bigger vision. What is the roadmap for project CO? I can’t share the exact specifics now as this will be one of the most important things to get right, but in broad strokes: I’m building the voting platform so all $CO holders will be able to participate in community votes We’re expanding the vision from only music to culture. This way we will be able to attract more projects to our platform such as art, fashion, gaming and memes. This will all be tied into a launchpad. And the best part, you’ll need $CO tokens to participate in launches which will create a very clear value driver for $CO. What are the listing plans for bigger exchanges? Within a year's time I want to have $CO on at least a few more high-tier exchanges such as MEXC and Kucoin. Ideally we also want to get the Binance listing done, but this is very hard to promise and depends a lot on how the market moves. Thanks to everyone for tuning in! I plan to have these AMA’s now every few weeks to keep you updated on the progress 🙂

We're hosting an AMA tomorrow at 17:00 CET to answer any questions you might have about the new direction for the CO Foundation! So please make sure to tune in and make sure to post any questions you might have below. You will also be able to ask questions live on stream. Looking forward to talking with you all! //Vincent

Gm CO community, Today we have something monumental to announce. The CO Foundation which governs and issues the $CO token will receive a new management board that will carry the torch forward. From today onwards, I, Vincent Weckström, will be taking over the position as Director of the CO Foundation together with Henrik Hjelte, the Co-Founder of Chromia and ChromaWay. My background is in business and finance, and I've been working full-time in crypto since early 2022. I have served as a consultant for the CO project for nearly a year now, gaining a clear understanding of both the challenges and opportunities associated with this new position. This insight comes from working closely with the founding team in person at the Stockholm office. What does this mean for Corite and Project CO? Corite the company, is still led by Mattias, Emil and Emelie and they are continuing working on Aflow in full speed, which has potential to be of great benefit to Project CO funneling in a new segment of artists into our community. The CO Foundation will continue to develop applications that drive value to $CO holders and further investment into music and culture through tokenization. We have laid out a 3-step strategy to start with, here’s a broad strokes overview of immediate actions: - A rebrand of Project CO to create a more crypto-native brand identity and further cement ourselves as one of the top Web3 projects in entertainment. - Expanding our partnership offering outside of music, while increasingly making our partnerships token-gated to drive value to the $CO token. - Building up a new advisory board to guide us through this transition from an established brand in the music industry to a crypto-native entertainment hub. A more detailed roadmap will be shared with you all soon as the rebrand goes live online. I think CO has huge potential to become a leading community within Web3 entertainment and culture, and I am very excited about taking Project CO to a new level given the market tailwinds we’ve been getting over the past year. Regarding exchange listings which I know many of you are wondering about, part of the larger roadmap is working up a respectable liquidity for the $CO token. This will be done in collaboration with market makers and top-tier exchanges - so while listings will not happen in the coming months, the year ahead will contain lots of work in this area. Since we are already listed on Bybit, listing on lower tier exchanges will do us no good, which is why we’re aiming high! Feel free to follow me on Twitter to stay up to date with what I’m doing! https://twitter.com/vinceweckstrom and 0xvincentblk on Warpcast. Super excited about the upcoming journey and forever thankful for everyone’s support already ❤️ //Vincent