Dear Supporters,

We need to bring urgent attention to the significant concerns surrounding the Bidao project under the direction of CEO Bastian Aigner and the Bidao Foundation leader Mike Tramm.

Recent community feedback has highlighted several troubling issues:

Lack of Innovation: The Bidao Smart Chain appears outdated and offers nothing new. Other projects have already provided the same features, making it difficult for Bidao to compete effectively in the current blockchain market.

Delayed Deliverables: The project has faced consistent delays in delivering on its promises. Competitors have filled the gaps that Bidao aimed to address. Given the many established and superior layer 1 networks already available, it is unclear how Bidao's efforts will provide any meaningful value.

Leadership Concerns: There is growing frustration with the leadership of CEO Bastian Aigner and Mike Tramm from the Bidao Foundation. Many community members feel that the promises made have not been fulfilled, leading to a loss of trust.
Misleading Content: The videos and updates released by the Bidao team are perceived as lacking substance. These communications fail to provide clear and concrete information about the project's progress and future plans, further contributing to the community's skepticism.

Given these concerns, it is crucial for Bidao's leadership to provide greater transparency and accountability. A detailed and realistic action plan is necessary to address these issues and restore confidence in the project.

We will continue to update you on any further developments. Thank you for your attention to these important matters.