Jenny Metaverse

The Jenny Token (ticker: uJENNY) is a dual-purpose ERC-20 token that will be minted on Unicly Protocol. It will be a multi-purpose token with social, governance and eventually sharding rights.

Holders of Jenny Token(s) will be entitled to membership benefits provided by the Jenny DAO, including :

- Access to exclusive Telegram and Discord channels;

- Insights and reports on NFT developments and marketplaces;

- AMA sessions with key influencers in the Jenny NFT community;

- Management of funds in the Jenny DAO; and

- Tie-ins to the Unicly Protocol, which are independent from the Jenny DAO.

Unicly Protocol is a third party, fully decentralized and community governed NFT fractionalization platform.

70% of the funds raised through the sale of the Jenny Tokens will be earmarked for acquiring NFTs. These funds will be transferred to a DAO called the Jenny DAO and will be held in a multisig wallet. Funds held in the Jenny DAO from time to time will be managed by the Jenny Token holders.

The wallet will be controlled by key members of the Jenny Community who will use their best endeavors to act in accordance with the management decisions taken by Jenny Token holders. The two founders of the Jenny Token will each have one signature but will never have full control over the wallet (whether alone or acting together).

Jenny Token holders will manage the proceeds of the sale of the Jenny Tokens and funds held in the Jenny DAO wallet from time to time, including to acquire and/or dispose of NFTs.

The NFTs purchased using funds in the Jenny DAO will be placed in a vault on Unicly Protocol where they will be locked by a smart contract. Due to the mechanics of the Unicly Protocol, the Jenny DAO will forfeit its ability to manage the NFTs once they have been placed in the vault. Management of the NFT assets locked inside the vault will therefore not be the responsibility of the DAO. The Community will have day-to-day control over the management of the NFT assets through its ownership of the Jenny Token. They will, among other things, be responsible for estimating the value of the NFTs, potentially managing ownership of NFTs mirrored on forked chains, voluntarily dropping new NFTs to the vault, arbitraging discrepancies between the value of the Jenny Tokens and that of the NFTs, submitting bids for the NFTs, evaluating the attractiveness of third party incoming bids for the NFTs, accepting or rejecting those bids, and yield farming and lending and/or rehypothecating the NFT shards.All Jenny Token holders will be entitled to vote on management decisions regarding the funds held in the Jenny DAO wallet from time to time and the NFTs placed in the vault on the Unicly Protocol. Each Jenny Token will be entitled to one vote and management decisions will be taken by a simple majority of the votes.

The NFTs locked in the vault can only be released if consenting Jenny Token holders reach a 50% threshold and instruct the smart contract to unlock the vault. This decision will be taken entirely by Jenny Token Holders.

The Unicly Community may, at its own discretion, offer to whitelist the Jenny Tokens for liquidity mining. If that occurs, Jenny Token holders will have the opportunity to provide liquidity and receive Unicly’s governance token (UNIC) as a reward. This decision will be made independently by individual Jenny Token holders and will be unrelated to the Jenny DAO’s decision or its activities.

People who can prove ownership of Jenny Tokens will be granted access to exclusive chat groups and research on the NFT market.

The Jenny community already has some of the top NFT brains and influencers such as Gabby Dizon (Founder of Yield Guild), Sebastien Borget (Founder of The Sandbox) and Roberto Ceresia (Creator of Wrapped Punks).

The total supply of Jenny Tokens has been fixed at 10,000,000 tokens.