JPEG’d

This proposal compensates holders of 99 CIG NFTs for the unfulfilled commitment outlined in PIP-02, specifically related to redeemable Weenis Warmer NFTs. While NFTs were never equity, this seeks to address the missed utility by offering 5 million $JPGD tokens per CIG.

The team may choose any method they deem easiest and most cost-effective for distribution. This compensation applies solely to the 99 CIGs and excludes honorary CIGs.

Background

PIP-02 (3 years ago): Proposed 300 redeemable Weenis Warmer NFTs, incentivizing CIG purchases and retention.

Clarification on Equity: CIGs were not equity, but unfulfilled commitments warrant reasonable compensation.

Eligibility:

Applies only to the 99 CIG NFTs. Honorary CIGs are excluded.

Distribution:

Compensation is capped at 5 million $JPGD per CIG. The team can decide the most cost-effective method for distribution Resolution:

Finalizes all obligations tied to PIP-02 and CIG utility claims. Timeline

Implementation begins immediately upon passage.

Conclusion

This proposal ensures CIG holders are fairly compensated for the unfulfilled PIP-02 utility by allocating 5 million $JPGD per CIG in the most efficient manner possible, resolving the matter entirely