The legal uncertainty that had previously arisen in Hungary fundamentally altered our plans regarding Mosaic Alpha. Last year, the regulatory situation posed a real crisis, so we had to restrict certain functions. This restriction was not the project’s fault, but rather a necessity imposed by the external legal environment, to which we had to respond.
During last year’s crisis, we did not freeze user assets. This means that users were able to access their assets, and the system did not freeze their funds. This was an important vote of confidence, and the decision demonstrates that the project prioritizes the interests of its users.
The situation is now more favorable; Mosaic Alpha is up and running again, and its use is recommended. The previous legal uncertainty appears to have been resolved, so the platform can once again be used safely. However, communication in Hungarian is not expected in the near future due to legal precautions related to USDT and targeted communication in Europe. This is a deliberate decision intended to minimize legal risks.
Several updates have been completed. The auction operates using the so-called “Dutch auction mechanism,” in which the price gradually decreases from a higher level until it reaches the buyer’s side. In addition, the V3 Liquidity Pool is now more cost-effective to use, and several improvements have been made to display and background processes. These improvements enhance the user experience and make operations more efficient.
Meanwhile, development of Alpha 2.0 has begun with an external development team. The new version will support many more features, but certain parts of it may require a license. This means that certain services will only be available under regulated conditions. KODEXA will remain the central component of the system; the new version will not replace it but will strengthen its role. The KDX–MOS conversion was one-way, so the converted KDX tokens had to be burned, which reduces the amount in circulation and may have a positive impact on the value of the tokens in the long term.
