In March of this year, we closed angel-round investment and formally established Coral's core mission that is to build the first DeFAI application layer. It allows users to find, engage with, and trade early-stage alpha alongside diverse yield opportunities. This strategic direction demonstrates strong synergy with our original vision of constructing an innovative pre-market trading marketplace. Far from deviating from our roadmap, it significantly expands commercial application scenarios. Notably, pre-market assets inherently constitute critical components of the idea of opportunity.

Going forwards, we aim to give more clarity on our roadmap. Our focus in the second half of the year will be centered on Token Generation Event (TGE), opportunity sourcing and innovation in pre-market trading. We prioritize based on market conditions and feedback from valuable discussions with our community. In the near term, we are prioritizing meaningful improvements for traders: trading portal integration and better trading experience.

In addition to our existing community users, we are focused on acquiring a new, more retail focused user segment. We will progressively integrate compelling yield opportunities, enabling users to seamlessly participate based on their asset holdings and yield expectations. Our mobile UI is undergoing active optimization to ensure full accessibility of Coral's functionalities through mobile devices. We will then focus on integrations with major wallets to make Coral available to orders of magnitude more users.

Specifically regarding the AlphaVault, we will focus on the Echo Trader and Yield Collection. Deepening our commitment to the Opportunity Sourcing thesis by expanding ecosystem partnerships and unique market access channels, including:

• Curating yield opportunities from leading protocols within mainstream ecosystems,

• enabling user participation across diverse asset holdings.

• Enhancing asset criteria to minimize irrelevant signal noise and improve market timing precision.

• Extending distribution channels through partnerships with wallet and market data platforms to better serve trader needs.

• Streamlining yield-bearing pathways to establish foundational infrastructure for automated, intelligent asset allocation.

Regarding the pre-market sector, we will implement new asset distribution mechanisms to complement the existing points-based trading model (post-distribution asset framework). We will also enhance liquidity provision methods by enabling cross-asset liquidity pools – a design that allows projects to initiate community-building campaigns with cost-efficient bootstrapping. Never stop exploring more democratic and fair approaches to price discovery.

Token issuance stands as a pivotal initiative for the latter half of the year, given the significance of $CORL (not the official ticker) in catalyzing Coral's long-term ecosystem development. We will build technical prerequisites for community-driven tokeneconomics, including new rewards programs, Liquidity provision , fee payments, and more. The comprehensive token allocation schema, including vesting schedules and ecosystem incentives, will be formally disclosed prior to TGE.

Remain confident in the future. We maintain vigilant market observation while keeping flexibility to market dynamics. DeFi yield market and pre-market trading market will continue to expand over time and with new users joining. AI maintains substantial growth potential, with traditional AI industries already achieving a $9 trillion valuation. DeFi and AI are inherently symbiotic forces that will ultimately bring an inflection point where DeFAI will fundamentally disrupt the way to participate in DeFi to make it mass adoption.