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Please keep in mind, anything in crypto is inherently risky, so please do your own research before investing. The following is not a recommendation, just a summary of the project. This is not financial advice.
Jade Protocol aims to be the kind of currency that works better for you.
- What Is Jade Protocol?
- How It Works
- How To Buy
What Is Jade Protocol?
Why do we need cryptocurrency? It’s a common question asked by people who have yet to enter the cryptocurrency space.
Jade Protocol’s team is composed of a Harvard professor, lead developers from both Google and Amazon, and developers from the Y-Combinator incubator.
To no-coiners, the whole thing seems pointless. After all, their online transfers go through pretty fast; most of the places they shop at don’t accept cryptocurrency; and, crypto transactions are really slow to process. But all of that is missing the point. The goal with crypto isn’t to create another “better” currency, it’s to create one that works better for you.
Through its JADE token, Jade Protocol aims to be the latter kind of better.
JADE is built on the Binance Smart Chain, a fork of Olympus (OHM), a crypto project available on major exchanges like Gate.io and BKEX. It’s also based on the Olympus DAO finance project, which has been around since spring 2021.
Jade Protocol’s team is comprised of a Harvard professor, lead developers from Google and Amazon, and members of the Y-Combinator incubator. To prove that, the project enlisted Rugdoc. Rugdoc is a limited beta service that KYC’s and verifies project developers so you can rest assured of their qualifications.
How JADE Token Works
We’ve forked one of the most popular protocols: OHM but with a catch: No insiders. No VCs. No pre-minting. — Jade Protocol’s official Twitter
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.
This is why JADE is only valuable if you stake it. The more the community stakes, the stronger it gets. Thanks to its strong community and treasury, the protocol is able to offer high returns for its holders.
Check out their official site for more on the very high APY returns that the project promises.
How To Buy
JADE is available on major exchanges like BKEX and Pancakeswap. However, the protocol’s team stresses that you should buy the token straight from their official site. Why?
If you use the bond button setup on their website, buyers receive a 30% discount on all JADE tokens purchased. The discount is thanks to their bonding accrual strategy. For more on that, click here.
Once you’ve bought your JADE, they recommended staking it right away so you can start earning APY as high as 25% in 5 days, according to their website.
If you’d like to know more about the project or just keep up with them, you can do so through their various channels.