HUGE thank-you for joining our Armada crowdfund experiment 🙌
the idea was to start w people close to the project & have invites expand outward by word of mouth
we forecast finishing at 850k, enough shortfall of the 1m that on Oct 24 we paused whitelisting & asked backers to hold any further deposits
lots of learnings! this experiment's over, but we're not done yet :)
there's actually a ton of meaningful interest, we're still fully confident that Armada will get the support needed to succeed
again, ++grateful to our backers 🫡 you're our priority in what’s coming next
Thank you to everyone who backed Armada and gave us feedback.
We forecast the crowdfund to finish at ~850k USDC, below our 1M minimum. Rather than move the threshold or force the final amount through, we have decided to let the crowdfund close as designed.
The invite-only structure, whitelisting, and ticket-size caps made participation harder than intended, and we’ve learned a lot from that.
All contributors will be able to reclaim 100% of their USDC through the contract when the crowdfund closes at 6pm UTC on 29th October.
Armada will continue, and we have not stopped working on our shielded pool.
We’re evaluating other ways to fund Armada that preserve the principles behind the crowdfund while making participation easier. Our original backers will be our priority as we plan what comes next!