An important update from Modulr.
After a great deal of consideration, Modulr is entering a much slower phase of development.
At this time, all employees have been released from their roles, including myself as the founder, and we will all be pursuing employment elsewhere.
This was not an easy decision.
26
2
29
4,322
This does not mean development of Modulr has ended.
I still believe strongly in the foundation of the technology we built, and I intend to continue developing Modulr in my spare time.
Our goal remains to bring the technology to market and, if we are successful, keep MDR at the center of the platform through the Trust system we originally envisioned.
Development will simply happen at a significantly slower pace.
3
7
1,455
We also explored outside investment and funding opportunities in an effort to keep the team operating full time.
Unfortunately, we were unable to secure the level of financing necessary to continue operating Modulr in its current form.
We will not pretend that funding was available to us when it simply was not.
Continuing to operate at the same pace without sufficient capital would have been irresponsible.
1
5
638
We also received proposals from marketing firms that wanted to work with the project, but some of those proposals required expenditures in excess of $50,000.
Regardless of whether those campaigns may have been successful, that was simply not capital the company had available to spend.
We were not willing to put the company into an even worse financial position chasing marketing promises we could not responsibly afford.
1
3
570
At the same time, we have taken another step that we believe is important.
More than 58% of the entire MDR supply has now been permanently destroyed.
Ethereum MDR (eMDR) | ERC-20 | Address: 0x468EAbcB...80A94f4B3 | Etherscan
At the time of this announcement, approximately 584,237 MDR, representing more than 58.4% of the original supply, sits in the burn address.
These were tokens controlled by the project and team, and given the circumstances, we did not believe it was appropriate for us to retain them.
1
2
558
There is one major allocation we cannot destroy yet.
Approximately 100,000 MDR remains locked in team vesting until August 2027.
When those tokens become accessible, our intention is to burn them as well.
We also intend to continue burning tokens that we are able to recover or acquire from liquidity over time.
Those burns will not follow a fixed schedule. They will happen when we have the time and ability to do so.
1
3
493
We also want to be completely transparent about liquidity.
The company has tax obligations that must now be covered.
We previously established a financial threshold where we knew that, if the project fell below it, we would have to begin removing the liquidity originally supplied by us.
We have now reached that point.
This decision was not taken lightly.
1
2
471
Importantly, we did not remove all liquidity.
We deliberately left liquidity in the market so MDR can continue trading and so the community still has the opportunity to participate in the project.
We could have removed everything.
We chose not to.
We believe the remaining project and the opportunity surrounding it should still have a chance to continue beyond us.
1
3
545
To everyone who supported Modulr, built with us, tested with us, created content, held MDR, challenged us, or simply believed that what we were trying to build mattered, thank you.
This is not the outcome we wanted.
But it is also not the end of the technology.
Modulr is slowing down.
It is not stopping.
We will be winding down our X organization presence over the coming days. This thread is intended to serve as our final formal statement, and we do not expect to provide individual responses regarding this decision.
We sincerely wish every member of this community the very best.
Sep 5, 2026 · 9:45 AM UTC
8
534