CGRF Sponsorship Proposal - Pirate Nation
The purpose of this proposal is to determine if the SPS DAO would like to officially sponsor Web3 gamers that were negatively impacted by the shutdown of Pirate Nation via the Crypto Gaming Recovery Fund. If this proposal passes, eligible players will be able to visit a claim page made available by the Splinterlands team to verify ownership of an impacted wallet for a period of 90 days from the launch of the Sponsorship program.
The SPS DAO will allocate the following shares of the Crypto Gaming Recovery Fund as follows:
- Up to 250,000 shares will be allocated to applicants for this project.
- No wallet will receive more than 250 shares.
- Distribution will be done on a best efforts basis based on Pirate Nation NFT holdings and $PIRATE token holdings as of the shutdown announcement on 8/19/2025
- Individual share allocations will be determined based on related NFTs and the amount of $PIRATE tokens held in the applicants wallet compared to the holdings of other Pirate Nation participants that apply for Crypto Gaming Recovery Fund sponsorship.
Sponsorship shares are based on an assessment of the projects overall size and valuation at the time of closure by the CGRF Committee.
All CGRF Sponsorship Proposals are run for 7 days and if passed the approval is final.