Candy Update: Account Reactivation and Inactive Accounts

Dear Fans:

As the May 20 deadline for fans to reactivate their accounts and qualify for the burning or migration of their digital assets approaches, the Candy team is announcing its plan for inactive accounts.

While our goal is for all fans to reactivate their accounts, maintaining inactive accounts and preserving associated digital assets creates ongoing operational, custody, and infrastructure costs for Candy.

So, beginning on July 1, in order to offset these costs, inactive accounts will become subject to a modest monthly custodial maintenance fee of $2 per account. 

After December 31, 2026, Candy will review inactive accounts and evaluate whether to acquire or sell the assets of each account that remains inactive in order to recover Candy’s costs. Candy will first apply platform credits to balances due.

Active Fans may be interested to know that Candy will manage any sales of digital assets held by inactive fans with due care for the effect of such sales on the health of the secondary market, including the possibility of burning these assets.

Candy will make reasonable efforts to notify inactive fans and provide a meaningful opportunity for account reactivation before any further action is taken.

Please redouble your efforts to reactivate your account by the deadline of May 20. 

Thanks again.

Up and to the right,

Tad Smith, CEO of Candy Digital