Jade ProtocolJADE
$421
Market/Exchange
JADE Price Prediction and Price Movement
JADE has been down 38.25 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that JADE's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if JADE is backed by a solid development team and whether JADE's technology has any potential to grow.
Please note that this analysis is purely base on JADE's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Jade Protocol Price Chart
About Jade Protocol
What is Jade Protocol?
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.
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.