The RLY Community's Future is Bright! After the announcement from RallyIO on their shutdown, we felt the need to address the future of the RLY protocol, the RLY token, and the future of the overall community and ecosystem. The RLY Network Association was created & voted by the community to assist in governance for the overall ecosystem. The focus of RLY Network Association continues to be the proliferation of the RLY community and ecosystem including the existing protocol, token, & new initiatives. RallyIO was one application of many being built on the RLY protocol, and their shutdown doesn’t affect or change the viability of the overall ecosystem. Financially, the community treasury has significant funds to continue to innovate and support the ecosystem. There are more than 20MM USDC and more than 7B RLY in the treasury owned by the community. The primary wallets can be found at: 0xe75ed5295c13d224036feb6439db7539fe6d7ce8 and 0x75f4BD3A503f23450Ed9e8dABDAFDE6288af2c9b

The RLY token is an ERC-20 native token that powers the RLY Network. RLY is multi-chain and can also be obtained on other blockchains through official bridges and canonical swaps maintained by the RLY Network Association. 

RLY is utilized by consumer applications to enable a token economy in order to drive growth, adopt community, and reward engagement. 

RLY Network is an ecosystem of consumer apps powered by RLY Protocol, a token-enabled software suite for developers that facilitates token launching, instant pricing, immediate liquidity, and the opportunity to earn weekly RLY Rewards. 

RLY Protocol is managed by the RLY Network Association, a Swiss-based non-profit. Learn more at [rly.network](https://rly.network)

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