Usage of Fund Raised

The CheersLand team will prepare yearly statements that include a high-level overview of what the funds have been used for to make the usage clear. The framework for spending is currently being drafted and is expected to be ready by late 2021.

The principles for the usage of fund raised are as follows:

• Clear value added to the CheersLand community.

• KPIs and goals that unlock funds (if applicable).