Since late 2022, we have been experiencing significant setbacks within the Qommodity project, resulting in increasing delays and issues. In our past communication we have indicated the sources of these issues. This has led to considerable damage to the project and its viability.
 

Based on the results of our investigations to date, the board has reached the unfortunate conclusion that the Qommodity Project is no longer viable and will be terminated.

As a result of this decision, the board will invoke the guarantee provided by the shareholders of Tandem Liber Holdings Ltd. In accordance with the whitepaper of the Qommodity project, every QAAA will be exchanged for one B-class share of the BVI company Tandem Liber Holdings Ltd.

Considering the significant amount of fraud and theft of tokens we encountered during our investigations, the procedure to exchange tokens will ensure that only legally obtained tokens will be exchanged for B-class shares in Tandem Liber Holdings. Qommodity will seek proper external assistance and legal advice to define the procedure and facilitate the process.

QAAA holders must consider that a transfer of shares is required for the exchange. A transfer of shares can only be completed once the appropriate legal requirements set forth in the BVI rules and regulations are met. This includes, for instance, Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.

More details about the procedure to exchange QAAA tokens for B-class shares in Tandem Liber Holdings will be provided in further communications.

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