We’re excited to announce a significant milestone in the evolution of JPEG’d: the migration from JPEG to our new token, JPGD. This transition brings enhanced features, improved gas efficiency, and more opportunities for our vibrant community.
Benefits of JPGD
JPGD inherits all the capabilities of JPEG while paving the way for innovative utilities. The introduction of a new token allows us to expand functionalities, starting with the ability to borrow pETH using JPGD as collateral. JPGD will also be the sole token used for governance, boosts, and future utilities. JPGD is a new fresh start for JPEG’d as we roll into our NFT Perp Dex testing phase and more of the products to come this year.
Liquidity Mining program — more JPGD rewards
A fresh liquidity pool, JPGD/ETH, will be introduced and seeded with $1M worth of POL to ensure ample liquidity and incentivize participation. To kickstart the JPGD/ETH pool, a 30-day liquidity mining program targeting 20% APY will be implemented, offering JPGD rewards to liquidity providers.
All former POL liquidity will be withdrawn and the Treasury will migrate all the JPEG it is holding to JPGD.
JPGD information
JPGD supply: 100,000,000,000 JPGD
JPEG to JPGD rate: 1 JPEG = 1.4405070585 JPGD
JPGD contract: 0xCE722f60F35C37aB295adc4E6bA45bCC7ca89Dd6
JPGD-ETH Pool contract: 0xB9Cf5bf7B4D54B43c504E303cEc7D609243fcc61
JPGD represents the next chapter in the JPEG’d journey, unlocking new possibilities for our community. For detailed migration instructions, benefits, and contract information, visit our Migration Guide and explore the potential of JPGD.
Join us in this exciting transition, as we continue to innovate and create a seamless experience for our valued users.
