Evaluation of the Jade Protocol (JADE coin) project

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2022-01-03 22:42:04

Jade Protocol

What is Jade Protocol (JADE)?

Jade Protocol is a decentralized reserve currency platform based on the JADE token developed by Binance Smart Chain. Unlike DAI or USDC, which are pegged to the value of US dollars, the reserve of JADE tokens is cryptographic assets held by the treasury.

The JADE token is a freely floating currency backed by a treasury supply of stablecoin BUSD. JADE tokens cannot be minted or burned by anyone except the protocol. The protocol only does so in response to price. Each JADE token is backed by at least 1 BUSD. If JADE ever trades under 1 BUSD, the protocol buys back and burns JADE tokens, pushing the price back to 1 BUSD. There is no protocol-imposed upper limit on the potential trading price of JADE tokens.

JADE token is backed by BUSD. This allows the JADE token to achieve a stable floating value, while never falling below the value of its backed assets. The token price is designed to be (1 BUSD + Premium), with the “premium” reflecting the market value.

The JADE token also expands its treasury through bonds. Bonds are sold according to the protocol for various assets, and in return the buyer receives JADE tokens at a significantly discounted price. This increases the budget and allows the project to generate incredible returns for its users.

Products of Jade Protocol

Jade provides two options for users on the platform:

Staking

Users will stake their JADE tokens on Jade Protocol to receive rebase rewards. The rebase reward comes from the proceeds of the bond sale and is subject to change based on the amount of JADE staked in the protocol and the reward rate set by monetary policy.

When a user stakes JADE tokens and gets an equivalent amount of sJADE. The sJADE rebase balance will automatically increase again at the end of each epoch. sJADE is transferable – and therefore composable – with other DeFi protocols.

When unstake, sJADE will be burned and receive an equivalent amount of JADE.

Bond (Bond)

The bond allows Jade to acquire its own liquidity and other reserve assets like BUSD by selling JADE tokens to investors at a discount in exchange for these assets.

The price discovery mechanism of the secondary bond market makes the price of bonds more or less unpredictable. As a result, bonds are considered an active investment strategy that should be continuously monitored to minimize risk. The project calls this Protocol Controlled Value, or PCV. PCV is the amount of LP the treasury owns and controls. The more PCVs are held in escrow, the stronger the protocol becomes as an active platform. A healthy PCV ensures that there is always locked liquidity in the trading pools to facilitate market activity and protect token holders.

JADE Token Basics

  • Token Name: Jade Protocol
  • Ticker: JADE
  • Blockchain: Binance Smart Chain
  • Token Standard: BEP-20
  • Contract: 0x7ad7242a99f21aa543f9650a56d141c57e4f6081
  • Token Type: Utility
  • Total Supply: 2,014,066 JADE
  • Circulating Supply: 1,270,358 JADE

Token Allocation

Updating

Token Release Schedule

Updating

JADE token storage wallet

Since JADE is a BEP-20 token, you can store this token at: CHK Wallet, Trust Wallet, Metamask, exchange wallet.

How to earn and own JADE tokens

Buy directly on the exchange.

Where to buy and sell JADE tokens?

Currently JADE is traded on 2 exchanges Pancakeswap and BKEX with a total daily trading volume of about 88.6 million USD.

Roadmap

Updating

What is the future of the Jade Protocol project, should I invest in y tokens?

Jade Protocol is a folk version of the Olympus Dao project. Jade Protocol just airdropped BUSD to users staking JADE on the protocol on December 9. Through this article, you must have somewhat grasped the basic information about the project to make your own investment decisions. CHK is not responsible for any of your investment decisions. Wish you success and make a lot of profit from this potential market.

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