{
  "@context": {
    "CIP100": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#",
    "hashAlgorithm": "CIP100:hashAlgorithm",
    "body": {
      "@id": "CIP100:body",
      "@context": {
        "references": {
          "@id": "CIP100:references",
          "@container": "@set",
          "@context": {
            "GovernanceMetadata": "CIP100:GovernanceMetadataReference",
            "Other": "CIP100:OtherReference",
            "label": "CIP100:reference-label",
            "uri": "CIP100:reference-uri",
            "referenceHash": {
              "@id": "CIP100:referenceHash",
              "@context": {
                "hashDigest": "CIP100:hashDigest",
                "hashAlgorithm": "CIP100:hashAlgorithm"
              }
            }
          }
        },
        "comment": "CIP100:comment",
        "externalUpdates": {
          "@id": "CIP100:externalUpdates",
          "@context": {
            "title": "CIP100:update-title",
            "uri": "CIP100:uri"
          }
        }
      }
    },
    "authors": {
      "@id": "CIP100:authors",
      "@container": "@set",
      "@context": {
        "name": "http://xmlns.com/foaf/0.1/name",
        "witness": {
          "@id": "CIP100:witness",
          "@context": {
            "witnessAlgorithm": "CIP100:witnessAlgorithm",
            "publicKey": "CIP100:publicKey",
            "signature": "CIP100:signature"
          }
        }
      }
    }
  },
  "authors": [],
  "body": {
    "comment": "Summary\nEMURGO as a DRep votes NO on the treasury withdrawal titled \"[OriLife × TonFarm] Identifying 180 Million Durians Without Physical Labels\", with rationale outlined below.\nRationale\nEMURGO recognises the genuine problem this proposal addresses, the technical differentiation of the Bio-ID approach, and the Alliance's substantial self-investment before submitting this governance action. We do not question the team's commitment or capability.\nOur concern is with the treasury return case. The proposal's own framing argues that Circular 11 and GACC enforcement create non-discretionary demand, which implies that farmers, exporters, and government agencies have a direct commercial incentive to fund compliant infrastructure themselves. The MAGIC credit economy is a closed system with no presented pathway to broader Cardano participation, and the fee contribution at full scale is modest relative to the ask. EMURGO does not view this as a sufficient return profile for a 2,400,000 ADA allocation in the current budget cycle.\n"
  },
  "hashAlgorithm": "blake2b-256"
}