I wanted to share a detailed update on our progress and plans following the recent hack that affected the PJK token:

1. Retiring the PJK Token

• Due to the hack, we’ve made the decision to retire PJK. This means we will no longer distribute or support PJK in its current form.

• If you still hold PJK, please keep it in your wallet. You’ll be able to burn those tokens in exchange for our new token (details below).

2. Launching Our New Token

• We’re creating a brand-new token to replace PJK. This token will bring upgraded security features and a refined utility model within our ecosystem.

• Improved Utility: Beyond just representing digital value, our new token will have specific use cases in our upcoming app—think in-app purchases, governance participation, and exclusive access to content or features.

• Simplified Swap: We’ll provide a straightforward burn-and-mint process so existing PJK holders can swap seamlessly. We’ll share the exact steps and timeline once the new contract is finalized.

3. Building the Producer Protocol App

• In-App Integration: Our team is hard at work developing a dedicated Producer Protocol app, which will integrate the new token at its core.

• Community & Content: The app will allow artists, producers, and fans to interact in a token-powered ecosystem—from funding creative projects to rewarding supporters with exclusive perks.

• Easy Onboarding: We’re focusing on a user-friendly experience, making it simple for both crypto newcomers and veterans to join in.

• Security Upgrades: In light of the hack, we’re implementing enhanced security measures across all layers of the app to protect user assets and data.

4. Roadmap & Milestones

• New Token Launch: Finalizing contract security audits, mint parameters, and distribution approach.

• Burn Mechanism: Once the token is live, we’ll release an official burn portal and step-by-step instructions for swapping your PJK.

• Beta Testing: Select community members will be invited to test features in the Producer Protocol app, ensuring smooth functionality before a public launch.

• Public Release: We aim to launch the app publicly after rigorous testing and feedback from our beta users.

5. Community Support & Next Steps

• Stay Connected: We’ll be sharing frequent updates through our social channels and newsletters.

• Open Communication: If you have questions or concerns, feel free to reach out. We value your input as we rebuild stronger than ever.

• Moving Forward: This hack was a setback, but it’s also an opportunity for us to innovate. We’re committed to creating a more secure, more rewarding ecosystem for everyone involved.

Thank you for your patience, trust, and continued support. We’re excited about the future of the Producer Protocol and can’t wait to share more details on our new token and app experience soon!

—

Fletcher Christian

Producer Protocol Founder

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