PIP 83 Strategic Choices for Migration from JPEG to JPEGD
Strategic Choices for Migration from JPEG to JPEGD
Background JPEG is currently more appealing to users, leading to its higher market performance compared to JPEGD. Additionally, the option to migrate to JPEGD at a fixed 1 to 1.44 ratio indefinitely has created a lack of urgency, resulting in delayed migration. This scenario hinders the ecosystem’s transition to a more advanced and strategically aligned JPEGD token.
Choice A: 5% Bonus for Migration within 25 Days
Description: Users who migrate to JPEGD within 25 days of this PIP passing are eligible for a 5% bonus in JPEGD tokens. Condition: To qualify for the bonus, users must not sell or transfer their JPEGD tokens during this 25-day period. Extended Reward: Early adopters who migrated to JPEGD before 2/16/2024 and have retained their tokens will receive a 5% bonus.
Choice B: Introduce a definitive deadline for users to migrate from JPEG to JPEGD. Deadline: 60-day period post-PIP approval, with exceptions for customers with locked JPEGD tokens.
Choice C: Continue with the current migration approach without changes.
Implications: Potential ongoing slow migration, market confusion, and delayed adoption of JPEGD’s new features.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x95B5...a4ebC4 | 138.197M | Choice A |
 0x854F...BfB358 | 50.428M | Choice A |
 0x3808...D5EE8b | 1.211M | Choice A |
 0x5345...8dD1f4 | 724,401 | Choice A |
 0x579D...452D64 | 145,823 | Choice A |
VOTE POWER
Proposal Status
- Sat February 17 2024, 07:28 amVoting Period Starts
- Tue February 20 2024, 07:28 amEnd Voting Period
Current Results
1-Choice A
190.706M