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Jade Protocol and JADE Token Explained

jade protocol token defi

Introducing a new generation of DeFi on BSC

The next generation of DeFi protocols follow in the footsteps of OlympusDAO, but Jade Protocol adds various improvements and exists on Binance Smart Chain with its JADE token. Jade Protocol introduces an algorithmic reserve currency while offering high yield for a limited time. 

In the DeFi ecosystem Jade Protocol has become one of the latest gems. In the past 30 days alone, the DeFi protocol attracted over 85,000 unique active wallets. That’s a strong number for a decentralized service that only launched on November 20th and is only one month old. 

Jade Protocol is the first fork created by the Fair Fork Foundation. Jade Protocol forked OlympusDAO, the revolutionary new DeFi platform on the Ethereum blockchain. However, Jade Protocol puts its eggs in the BSC basket. 

It allows users to stake the native JADE token, and earn passive income paid in JADE. At the time of writing, users can expect 11.81% in staking gains in a 5-day period. That means an annual percentage yield (APY) of 347,706%. Advanced users can also use Bond discounts, by depositing certain tokens and getting a discount on the purchase of JADE. 

Rewarding holding (3, 3)

Jade Protocol incentivizes users to buy, stake and hold their JADE, while demotivating the sale of the native token. This demonstrates the positive sum environment created through JADE game theory in rewarding players the most when they collaborate and cooperate, regardless of when they join the game.

On Jade Protocol you use JADE, you earn JADE, while they burn JADE. The protocol prides itself in its fair launch, which means there have not been any presales or pre-minting events. The Fair Fork Foundation will launch more fork projects in the near future.

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