Official Announcement from the Cosmic Network Team It’s with a heavy heart that I share this message. After deep reflection and exhausting every option available, I’ve made the difficult decision to bring Cosmic Network to a close. A targeted FUD attack, followed by the recent severe market downturn, has made it no longer financially viable to continue. Over the past few months we’ve also had key core team members have to step away from the project leaving myself in the difficult position of having to run Cosmic single handedly, as I believed that we could ride this out whilst the markets were in this position. Over the course of this journey, the team spent over $1 million on buybacks while continuing to fund the development team, server infrastructure, and operations. Even in the last month, we kept pushing forward — covering costs personally out of pocket — in the hope that things would turn around. But despite our best efforts, the current environment has made it unsustainable. This isn’t the outcome any of us wanted. I’ve poured my heart and soul into Cosmic Network — not just as a founder, but as someone who genuinely believed in the mission we were building. Along the way, I formed real bonds with many of you in the community — the conversations, support, and shared vision meant more than words can express. To our community, early supporters, and everyone who stood by us — thank you. Your belief, encouragement, and energy carried us further than many thought possible. In the coming days, we’ll release a form in our Telegram chat for everyone who purchased a Nebula Lite. All eligible users will receive a full refund. While this chapter is ending, the mission and values we shared will always live on. With gratitude and respect, Asad

Cosmic Weekly Update - 14/03/25 Focused Development: The team is refining Cosmic’s ecosystem for long-term success during the market downturn. - Mainnet Launch: A major milestone that enhances security, scalability, and independence, benefiting VPN users and enabling future innovation. - Nebula Lite Update: A minor issue was identified and fixed; production is back on track with final units expected to be completed towards the end of next week with shipping soon after. - Validator Rewards Program: A key step towards decentralization, ensuring network security and sustainability. - Nebula Lite as Validators: Devices will function as validators, adding more value to the ecosystem. - Community Appreciation: Acknowledging market challenges but staying committed to building and growing with community support.

The new Cosmic VPN app is now live for MacOS! • Completely new UX and UI • AI enabled auto-connect • Faster connection • Advance Mode • Statistics Dashboard Say no to censorship. Say yes to privacy. Try out the app now! Available in App Store. apps.apple.com/gb/app/cosmic…

Cosmic Update! - Ongoing Commitment: Continued dedication to building Cosmic Network despite unfavorable market conditions, believing long-term builders will flourish when the market recovers. - Revenue Growth: Focused on adding value and securing new revenue streams, including Nebula Lite. - Nebula Lite Success: Launched on January 31st, with the first batch sold out quickly; part of the revenue shared with node holders. - Mainnet Launch: Mainnet is live, bringing enhanced performance, security, and scalability—a major milestone for the ecosystem. - VPN Space Disruption: Introducing V2Ray protocol alongside WireGuard for stronger censorship resistance and optimized performance with fully decentralized nodes. - App Enhancements: New features include: - Quick Connect - UX upgrades - AI-powered enhancements - Sustainable Rewards Model: Transitioning from inflationary staking rewards to validator-based rewards, ensuring: - No token inflation - Sustainable network security - Long-term token value preservation

Why Transitioning Staking to Validator Rewards is Essential for Long-Term Network Growth As decentralized networks evolve, the shift from traditional staking rewards to validator-based incentives is becoming essential. But why is this transition necessary, and how does it benefit token holders and the network as a whole? 1. Sustainability for Long-Term Growth Staking rewards are often funded by inflationary token emissions. While this can incentivize early adoption, it’s not always sustainable. Over time, unchecked token emissions can dilute value, harming long-term holders. Validator rewards, on the other hand, promote real value creation. Validators contribute compute power, ensure transaction accuracy, and maintain network security. By rewarding validators, the network shifts from inflation-based incentives to performance-based rewards, fostering a more sustainable ecosystem. 2. Legal and Regulatory Considerations Globally, staking rewards have faced increasing regulatory scrutiny. In some regions, staking rewards are viewed as potential securities, introducing legal risks for both networks and holders. Transitioning to validator rewards aligns with a “proof-of-work” style contribution—validators are compensated for work done rather than passive staking. This reduces regulatory risks, ensuring the network remains compliant and secure from future legal uncertainties. 3. Rewarding Those Who Benefit the Network Not all stakeholders contribute equally. Validator rewards ensure those enhancing network performance through uptime, low latency, and accurate validation receive higher incentives. For holders, this approach means: • Stronger Network Security: Active validators reduce attack risks. • Greater Token Value Preservation: Reduced inflation supports token price stability. • Opportunity for Active Participation: Holders can become validators or delegate to trusted validators, actively supporting the network. 4. Important Update for Current Stakers Effective immediately, staking is now closed. • Do not add to your current stakes—any additional funds sent to staking will be refunded automatically. • No new staking positions will be accepted as we transition to validator-based rewards. We’re making this change to ensure a smooth shift towards a more sustainable, secure, and regulation-friendly rewards system. 5. What’s Next? A Detailed Guide is Coming We know our stakers have been crucial in supporting the network’s growth. You’re likely wondering what happens next—how you’ll continue to benefit and what opportunities await. In the coming days, we’ll be publishing a detailed Medium article covering: • How the transition affects current stakers. • How you’ll continue to grow with Cosmic. • Steps to participate in the validator rewards system. • Best practices to maximize your rewards moving forward. Final Thoughts The shift from staking rewards to validator incentives is not just a technical upgrade—it’s a strategic move toward sustainability, compliance, and long-term growth. For holders, this means holding a token that powers a secure, compliant, and future-proof network. Stay tuned for our upcoming Medium article where we’ll outline how this transition strengthens both the network and the community, ensuring everyone continues to grow with Cosmic. To all our holders - thank you for believing in the vision of Cosmic Network. The support of the community has been the driving force behind everything we have achieved so far. We're incredibly excited about what the future holds and the potential we're building together. With the Nebula Lite, AI-based Apps and future developments still to come, we can't wait to continue this journey with all of you.

Nebula Lite in Action: The Future of Secure Connectivity is Here! We’re beyond excited to give you a sneak peek of Nebula Lite doing what it does best—powering fast, secure, and private internet access with zero compromises. ⚡️ Ultra-light. Ultra-powerful. Built for privacy. With Nebula Lite, you get access to Cosmic Network’s decentralized VPN, unlocking an uncensored internet with total encryption—anytime, anywhere. 🎁 Waitlist Winners Update: The wait is almost over! We’re shipping out Nebula Lite devices to our waitlist winners in just 2 weeks! Get ready to experience next-gen privacy, speed, and freedom.

Big Update Coming to Cosmic Network! We’re leveling up from traditional staking to a powerful Validator Rewards model — unlocking new opportunities for the community. Here’s what’s coming: ⚡️ Ongoing rewards for securing the network 🔒 Enhanced decentralization driven by active validators 💰 Sustainable earning potential with real impact The next phase of Cosmic Network is all about rewarding those who power the ecosystem. Ready to take your role to the next level? Big things are coming. Stay tuned.

The new Cosmic VPN app is live on both iOS and Android! With a completely new UX and UI built from the ground up, including AI enabled auto connect, faster connection and an Advance mode for greater control over settings and a Stats dashboard with various connection data coverage. Try the app now! play.google.com/store/apps/d… apps.apple.com/pk/app/cosmic…