A note on Alterim’s failed pre-sale Regrettably, Alterim’s pre-sale on Ramen didn’t reach its target. All participants will be refunded in full, with no fees. Sometimes it’s about timing, sometimes about conviction, and right now, Berachain activity is still finding its stride. We worked with Alterim’s founders to make this launch as fair as possible, even cutting the initial implied valuation by 33% to $9M. The process was fully transparent: no hidden deals, no manipulation, just a clean shot at the market. That’s what Ramen stands for. Outcomes here are decided by the market, not backroom deals or manufactured hype. When you succeed on Ramen, it’s because the community genuinely believed in your vision. I believe that’s what makes a Ramen raise credible. Open markets are honest. Some projects will raise millions, others won’t, and that’s okay. It keeps the ecosystem real. Launching in this environment isn’t easy. I have a lot of respect for founders who put themselves out here. As Berachain grows, I’m confident more launches will find strong support here, on the chain we call home. Ramen will keep improving, keep growing the community, and keep backing the builders who take these risks with us. And to our loyal community: we’ll step up to curate stronger launches from protocols you know and love. Let me be exceedingly clear: it doesn't mean projects can't raise on Ramen. It means that the market decides, not insiders. And that's by design. But we're not just sitting back. We're actively working on the demand side: • Growing and investing in the Ramen community of loyal users • Incentivizing participation through points + rewards • Building more robust mechanisms for effective token launches • Working with new partners to bring more awareness to Berachain ecosystem Right now, Berachain is still warming up. As activity picks up, conviction will grow, and launches on Ramen will scale with it. So if you’re a founder: know that you’ll always get the fairest shot possible here. And when the community does back you, it’ll mean something. We’ll keep building for that moment. And for the builders who take the leap with us.