Jade Protocol

Jade Protocol

Created using Figma
Created using Figma
Jade Protocol is a decentralized reserve currency platform on Binance Smart Chain. Unlike DAI or USDC, which are pegged to the value of the U.S. dollar, JADE's reserves are crypto assets held by the Jade Protocol Treasury.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • BKEX
    0X7AD7242A99F21AA543F9650A56D141C57E4F6081/USDT one hour ago
    $ 21.16
    $ 14.427 K
    1.00%
    3.09%
  • PancakeSwap (v2)
    0X7AD7242A99F21AA543F9650A56D141C57E4F6081/BUSD one month ago
    $ 21.00
    $ 14.141 K
    0.86%
    -21.35%
  • Bitget
    0X7AD7242A99F21AA543F9650A56D141C57E4F6081/USDT one month ago
    $ 20.91
    $ 984.413 K
    -
    31.33%
  • PancakeSwap (v2)
    0X7AD7242A99F21AA543F9650A56D141C57E4F6081/BUSD 3 months ago
    $ 21.11
    $ 542.928 K
    -
    -
To be announced
Additional Details
Categories
Platform

About Jade Protocol

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

JADE is backed by BUSD, not pegged to it. 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 equal (1 BUSD + premium), with "premium" reflecting market value.

JADE also expands its treasury through bonds. Bonds are sold by the protocol for different assets, and in return the buyer receives JADE at a significantly discounted price. This increases the treasury and enables the protocol to produce optimal yields for users.

How is Jade Protocol different than other reserve currencies?

Jade Protocol's optimizations include:

  • Faster auto-compounding intervals than algorithmic reserve currency platforms based on mainnet.
  • Jade Protocol utilizes a 15% fee recapture ratio. 10% of recapture is used for buyback and token burn. 5% is utilized for marketing and outreach.
Team

Jade Protocol is the inaugural launch of the Fair Fork Foundation, a collective dedicated to the democratization and ROI optimization of famous DeFi protocols.

The Fair Fork Foundation consists of a team of developers who launched the SmartCoin project prior to forming as the Fair Fork Foundation. The team and advisor group have voted to remain anonymous to the public. However, their project founder has privately verified their full identity with RugDoc, who rated SmartCoin, their previous project, as Low Risk.

How Many Jade Protocol (JADE) Coins Are There in Circulation?

Since its intention is to be a free-floating currency, the total supply of JADE is uncapped. Currently, over 121,000 JADE are staked with the network.

Activity

Followers:
53 402
VERY HIGH
Tweets:
315
HIGH
30 Days Growth:
-675
Members:
18 467
VERY HIGH
30 Days Growth:
-708
$ 20.65
-0.07%
Crypto Stats
Daily, %:
-0.07%
Weekly, %:
-0.33%
Monthly, %:
-2.71%
Market Info
Market Cap:
$ 18.98 M
Volume 24h:
$ 1.798 M
Circ. Supply:
921.958 K 0X7AD7242A99F21AA543F9650A56D141C57E4F6081
Ticker:
0X7AD7242A99F21AA543F9650A56D141C57E4F6081
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