So that we aren’t waiting on the completion of COLD redemption smart contract before starting wXFG…
I submit to thee, an idea….of a land far away called Yap Island..or something.
It’s one of those foundational stories to the Bitcoin ideology about the Yap’s monetary system based on those giant stones or whatever. I remember seeing something else in that story about how the giant stones are so difficult to transport back to the island for use that they still used giant stones that didn’t make it the entire way back and lay sunken on the seabed.  However everyone agreed that, while sunken- it still existed and had value so was used in tally system all the same.

Same idea really :

I propose we use lost or stolen amounts of XFG on exchanges to mint wXFG at the very beginning.
We'll do something like 50% of the total amount lost as the initial wXFG mint.
Anything more will be collateralized in XFG deposits.

I, myself, can assuredly say I lost 200,000+ XFG (prob a lot more tbh) in FirstCryptoBank rug/hack back in the day like 2019….and for that matter, every single centralized exchange thereafter,  I lost some amount of XFG.  I kept track of most of it in discord, or on here.
But that’s what I’m saying...
If you lost some amount of XFG because of some bullshit centralized exchange fuckery - then please post the honest amount you remember losing and we’ll use it to light the fire of wXFG

In your post just include which exchange it was and how much XFG u lost.
And on which EVM you want to mint your wXFG.