In these dark days, it's important to stay diligent and look after each other.

From the start, we've championed relentless innovation, so much so that we dreamed the impossible and fought to break down barriers.

As a result, we've now found barriers that we can't break through.

It gives me utter pain to have to tell you that we must cancel the pre-sale and refund all purchases.

We have found that the scope of what we had planned and promised is beyond our means and we have failed to raise enough money to be able to get there.

My only hope is that the refunds we provide can help our valued community get through the coming months.

Currency Matching

All refunds will be sent in the same currency that the original payment was received in.

The price of Enjin Coin (ENJ) has gone up and 90% of crypto purchases were ENJ.

It's only fair that the people who sent these funds get to enjoy the gains that were made while they were gone.

That means, if you paid 774 ENJ (Currently $68) for your $45 crate, you will get 774 ENJ in return.

Enjin Marketplace Transactions

There are many people who supported our project by purchasing subscription tokens from other community members on the Enjin Marketplace.

We want to make sure these people are reimbursed, that's why all peer-to-peer purchases from the Enjin Marketplace before today will be compensated.

With this decision, we are refunding more money than we received in the first place.

These refunds will be sent automatically over the next few days.

No further action is required on your part.

(Please note: Purchases made after this article was published will not be reimbursed.)

PayPal Transactions

PayPal already has an easy process in place for refunds.

We will process these transactions through PayPal and the funds will land back in your account.

No further action is required on your part.

ENJ/ETH Transactions

It's impossible for us to know whether your funds were sent from a compatible wallet, or from a smart contract or exchange address.

That's why we need you to register your refund address using the Refund Form.

(Please note: If you have already sold your subscription on the Enjin Marketplace, you will not receive a refund.)

Keep or Melt Your Tokens

All the tokens you received with your purchase are still yours.

The Rio: Bounty Coins you were gifted will still be usable.

The EnjHunt tokens you acquired have the same value today as they did yesterday.

The DragonHunt assets you captured will soon increase in utility as they get integrated into Minecraft.

The subscription tokens you purchased are the only assets affected by this outcome—the only value they retain right now is their melt value; however, we may decide to turn them into another kind of token in the future.

On a personal note:

To those that supported us, thank you so much.

You have helped drive us forward in ways I can't explain.

That's why I'm not hesitating to refund a higher amount than was ever raised and send funds out of my own pocket to make sure everyone is taken care of.

I know this money is going to good people, who have created an immeasurable amount of value for the Enjin community, just by being part of it.

Please stay safe, be cautious, and take care of each other.

Yours truly,

Simon Kertonegoro.