Superform Foundation Acquisition of Piggy (PIGGY)

Proposal Summary

This proposal seeks approval from PiggyDAO for the Superform Foundation to acquire the Piggy brand and sunset the PIGGY token via a voluntary, onchain conversion mechanism that allows PIGGY holders to burn their tokens in exchange for UP at a fixed rate.

The goal is to consolidate the Piggy community into Superform, preserve and expand the Piggy brand as part of Superform’s long-term identity, and provide a fair, transparent exit for token holders.

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Motivation

PIGGY began as a community-driven experiment that brought creativity, coordination, and community-building together in a uniquely crypto-native way.

What emerged was more than a token:

• A recognizable and approachable brand
• A highly creative, internet-native community
• Memes, games, and playful onboarding experiences
• Superform-powered Telegram bots, the immersive Piggy World, and a community-run DAO
• A cultural identity that made Superform feel fun, accessible, and anti-establishment

In many ways, PIGGY succeeded at exactly what it set out to do.

PIGGY, however, was never designed to be a long-term, standalone financial asset. Its primary value has always been culture and community, not maintaining an independent token economy indefinitely. Operating PIGGY as a separate token and DAO increasingly fragments attention and incentives, both for contributors and for the broader Superform ecosystem.

As Superform enters its next phase, focused on onboarding the next generation of DeFi users through a user-friendly mobile app, best-in-class vault infrastructure, and user ownership via UP, it becomes increasingly important to consolidate its most valuable cultural assets.

This proposal represents a strategic acquisition of the Piggy brand and community.

By acquiring PIGGY and concluding its token lifecycle through a transparent, community-approved process, Superform can:

• Consolidate Piggy’s creative community directly into Superform
• Align future Piggy-style experimentation and onboarding with Superform’s long-term success
• Preserve and expand the Piggy brand as a core cultural layer within Superform
• Provide a fair and respectful exit for token holders

Rather than allowing PIGGY to slowly fade or remain in limbo, this proposal enables PiggyDAO to explicitly and collectively decide how Piggy evolves: by folding its brand, community, and spirit into Superform.

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Why Superform is Acquiring PIGGY

Superform is allocating UP not simply to retire a token, but to acquire and carry forward what Piggy built.

Specifically:

• Community consolidation:

  Piggy attracted a uniquely creative, playful, and highly engaged group of contributors. This proposal brings that energy directly into the Superform ecosystem, aligning incentives so future Piggy-style creativity benefits Superform itself.

• Brand acquisition:

  Piggy has become one of Superform’s most recognizable and approachable cultural assets. By acquiring Piggy, Superform can continue using the Piggy brand, characters, and tone across:

  • Retail-friendly onboarding experiences
  • Games and interactive education
  • Merchandise and physical brand touchpoints
  • Marketing that makes DeFi feel fun, not intimidating

• Focus without fragmentation:

  Maintaining a separate token and DAO splits attention and effort. Folding Piggy into Superform allows the brand and community to thrive without the overhead of a standalone token economy.

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Proposal Details

What is being proposed?

The Superform Foundation proposes to acquire PIGGY through a fixed-rate, onchain conversion mechanism.

• PIGGY holders may voluntarily burn their tokens
• Burned PIGGY is permanently removed from circulation
• Holders receive UP in return at a fixed exchange rate

This conversion event will be publicly referred to as “The Piggy BBQ.”

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How will it be done?

1. A dedicated smart contract is deployed for the conversion
2. The contract is pre-funded with a fixed amount of UP
3. Users interact with a simple interface to:
   • Approve PIGGY
   • Convert their entire PIGGY balance in a single transaction
4. Converted PIGGY is sent to a burn address
5. UP is transferred to the user immediately

There is no partial conversion. The process is designed to be simple, final, and auditable.

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Exchange Rate & Economics

• Total UP reserved: 2,500,000 UP (0.25% of total supply)

• Outstanding PIGGY supply:

  63,123,637,092.720574999943509636 PIGGY

• Fixed conversion rate:

  1 PIGGY = 0.0000396 UP

The exchange rate is fixed for the duration of the conversion period and does not depend on participation levels.

Any UP remaining unclaimed after the conversion period concludes may be reclaimed by the Superform Foundation to fund other community initiatives.

PIGGY currently trades at $0.000002531 per token.

The Superform Foundation is offering $0.000003546 per token (2,500,000 UP at $90M FDV — the most recent valuation from the sale on Legion).

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Timeline

Exact dates will be shared publicly shortly after the UP TGE.

The Piggy BBQ will:

• Begin after TGE
• Be announced in advance
• Remain open for a clearly defined conversion window

This ensures all holders have sufficient notice and time to participate.

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Who is involved?

• PiggyDAO: Governance approval and community stewardship
• Superform Foundation: Funding, deployment, and execution
• PIGGY holders: Voluntary participants in the conversion

Participation is optional. Holders who choose not to convert are not required to take any action.

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Risks

• Market risk: UP price may fluctuate independently of PIGGY
• Participation risk: Some holders may miss the conversion window
• Emotional risk: Sunsetting a community token can be difficult

These risks are mitigated through clear communication, advance notice, a transparent onchain process, and the Piggy brand living on as it is consolidated into the Superform ecosystem.

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What does success look like?

This proposal will be considered successful if:

• The conversion contract functions as specified
• A meaningful portion of circulating PIGGY is burned
• Holders have a clear and fair exit path to UP
• PiggyDAO can formally conclude the PIGGY token lifecycle
• Piggy branding and community initiatives are visibly incorporated into Superform products and onboarding

Progress (e.g., percentage of PIGGY burned) will be shared publicly during the campaign.