SafeStake

Dear community members,Thank you for your support in ParaState.We have been busy building and developing the project during the past years. Our tech team had delivered the grant from W3F for EWASM runtime pallet integration into the Substrate ecosystem. In Q2 2021, we launched Plato public testnet, the first Substrate blockchain both featuring EVM &amp; EWASM runtime infrastructure and sharing the same account system. We also launched SewUp SDK — the first Rust SDK for Ethereum compatible network to attract more developers from the traditional internet segment to build on top of our infrastructure. We are also working to promote a new architecture <a href="https://www.parastate.io/safestake/" rel="noopener noreferrer nofollow">SafeStake</a> for the upcoming Ethereum PoS merge. SafeStake is a trust-minimized middle-layer fostering the decentralization of ETH2.0 staking. SafeStake is a non-custodial infrastructure for distributed validator technology written in Rust, implementing HotStuff consensus and Threshold signing architecture to provide robust security for ETH 2.0 PoS. We plan to launch the incentivized SafeStake testnet in the coming weeks and we expect SafeStake will drive huge demand for STATE tokens and accrue value to the ParaState ecosystem. Please check this article <a href="https://medium.com/ethereum-on-steroids/new-economics-and-use-case-for-state-tokens-4a2445e45cd8" rel="noopener noreferrer nofollow">New Economics and Use Case for STATE Tokens</a> and the<a href="https://docsend.com/view/22tth6krr9mnfhre" rel="noopener noreferrer nofollow"> white paper</a> for more details.We have also created a snapshot <a href="https://vote.parastate.io/" rel="noopener noreferrer nofollow">governance space</a>, preparing for the 1st governance voting for STATE tokens. All token holders and investors are encouraged to participate in the upcoming governance voting. A friendly reminder: there are still more than 1.6Mn STATE tokens that haven’t been claimed by backers of the 30-day lockup tier, and more than 6.4Mn STATE tokens that haven’t been claimed by backers of the 90-day lockup tier. The 180-day lockup tier participants can claim the token after August 1st, 0:00 UTC. Please refer to this <a href="https://docs.parastate.io/claim-your-state-with-one-click" rel="noopener noreferrer nofollow">guideline</a> about how to claim your tokens. The ParaState protocol will become fully decentralized and operate as a DAO once STATE tokens are distributed as per the vesting schedule specified in our tokenomics. To appreciate the long term support from our backers, all existing investors on Republic will be awarded a one-time free-mint of ParaState Governance NFT. Stay tuned for more details in our official media outlet.On top of that, we’ve had discussions with our advisors and we’ve decided that it would be in the best interests of ParaState to undertake a restructure of the token issuing entity to operate the project in the long run as a DAO. State Dao Limited, a British Virgin Islands entity, would be the issuer of STATE tokens going forward and we would conduct an assignment and novation to shift the obligations of Parastate Foundation Ltd. to State Dao Limited.Rest assured that this change will not affect your existing allocation or entitlement to our tokens. We are targeting for this restructure to complete and take effect in August 2022 and we believe this assignment and novation will shape ParaState’s legal structure under industrial criteria and be proven beneficial to our ecosystem in the long run.Hope you’ve enjoyed our updates and the exciting features we are bringing to the ecosystem!About ParaStateParaState takes Ethereum chain support to the next level through WasmEdge. Develop and execute high-speed smart contracts with built-in Ethereum compatibility (EVM and EWASM) and interoperability in next-level programming languages like Rust, C &#43;&#43;, and Golang.Parastate is participating in ETH2.0 PoS Staking with a new tech stack called SafeStake, a trust-minimized middle-layer fostering the decentralization of ETH2.0 staking. SafeStake is a non-custodial infrastructure for distributed validator technology written in Rust, implementing HotStuff consensus and Threshold signing architecture to provide robust security for ETH 2.0 PoS.<a href="https://www.parastate.io/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://medium.com/ethereum-on-steroids" rel="noopener noreferrer nofollow">Blog</a> | <a href="https://twitter.com/_ParaState" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/ParaState" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://discord.com/invite/zFS3Mnfpwj" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://github.com/ParaState" rel="noopener noreferrer nofollow">Github</a>DisclaimerCertain information set forth in this presentation contains “forward-looking information”, including “future-oriented financial information”. Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) the expected development of the Company’s business, projects, and joint ventures; (iii) execution of the Company’s vision and growth strategy; (iv) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) market conditions; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Project Updates, 1st Governance Vote and Restructuring Notice

SafeStake

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