The Hedera network became broadly accessible to the general public in September 2019. Hedera currently generates a de minimis amount of revenue from sponsorship and network transaction fees. Any projections about revenue at this time necessarily rely on and are extremely sensitive to a wide range of assumptions about several variables, many of which are outside Hedera’s control (e.g., rate of general adoption of distributed ledgers, rate at which third parties develop useful application on top of Hedera, volume of transactions by those third parties, competitive alternatives, third party creation of “killer app” use cases, changes in the regulatory environment, etc.) The industry is too nascent, uncertainties too great, and assumptions too variable, for Hedera to provide meaningful or reliable revenue projections at this stage. We have provided information about our current network metrics and current fees, and we encourage individuals to conduct their own research and form their own views as to any future projections.