📢 GM, Surfers! Long time no "SEA"! 👇Here's an update on our current progress! 1️⃣Exchange Listing Discussions We are currently in discussions with multiple global exchanges regarding listing evaluations, schedules, and necessary preparations. Beyond exchange negotiations, we are also working with investment firms, audit providers, market makers, and custody services to ensure a stable token listing and operation. Our target is to list BAY within Q1 or early Q2. However, if any schedule adjustments are required for a major exchange listing, we will inform the community first and seek your understanding. Our ultimate goal is to list BAY on major exchanges where all surfers can trade freely. 2️⃣TGE & Surfboard Feature Preparation We are in the final testing phase for SURF and BAY TGE, as well as the point-to-token conversion process. Additionally, the in-app Surfboard feature, which allows users to earn BAY using SURF, is nearly ready. The Surfboard feature will launch first, followed by the TGE (Token Generation Event) and token conversion functions for SURF and BAY. 3️⃣XRPL Grant Evaluation Marina Protocol is applying for an XRPL Grant, leveraging its focus on rewards and token utility within the XRPL ecosystem, which specializes in global payments and remittances. The final evaluation is scheduled for February, and if we pass, it will serve as a stepping stone for enhancing user rewards and expanding token use cases. Your feedback and participation are crucial in shaping our project-stay with us! 4️⃣Ongoing Fundraising We are in discussions with multiple investors for a Private Sale. However, we are only partnering with investors who align with our long-term vision. Any investors solely focused on dumping tokens after listing are being strictly excluded from the process. If any BAY allocated for the Private Sale remains unsold, it will be burned entirely. 5️⃣3 Games in Preparation for Launchpad We are preparing three games that will be onboarded to the most powerful Launchpad within the XRPL ecosystem, ensuring BAY's strong utility. The first game is a puzzle game that will directly support Surfboard purchases. The second game is a game powered by COCOz, which will eventually incorporate a BAY-burning mechanism. The third game is a hybrid retro-style game connecting online and offline experiences. Since this is a large-scale project, we will share details as soon as they are finalized. Additionally, once we officially open more details about the Launchpad, users will be able to hold BAY to receive airdrops of new project tokens or use BAY to purchase tokens from newly launched projects. Projects that wish to promote themselves to Marina Protocol’s user base through the Launchpad will be required to pay a participation fee in BAY. The BAY collected from these participation fees will be immediately burned, contributing to the long-term deflationary model of BAY. 6️⃣Whitepaper Update The Marina Protocol whitepaper is currently being updated. While app-related content will be revised after the next app update, you can already check upcoming changes in the Tokenomics Structure and Surfboard Mechanism sections: whitepaper.marina-protocol.com 🔥The total supply of BAY is 1 billion, but our team will continuously burn BAY and use advertising profit for reallocation to maintain a stable ecosystem. ✅Stay tuned!