$JADE
LP is not launched yet! You will be able to obtain $JADE on Aerodrome Finance in the near future shortly after our presale.
Taxes: 3.88% buy | 3.88% sell
1.88% to LP
1% to Team
1% to treasury
What is $JADE?
$JADE is the token through which players interact with Jade Casino. $JADE supply is getting debased every block creating a deflationary supply which also affects LPs. The speed at which the supply gets debased depends on the volume wagered in JadeRoll on a daily basis:
(<1,000,000 $JADE) Fixed to ~0.000015% per block.
(>1,000,000 $JADE and <15,000,000 $JADE) Linearly from ~0.000015% up to ~0.00002% per block.
(>15,000,000 $JADE) Fixed to ~0.00002% per block.
$JADE is available on one network so far:
Base Mainnet (TBL)
What consequences does the debase have?
The debase will increase the value of your $JADE passively whether there's market activity or not. Debase affects the $JADE that are in LP, therefore the number of $JADE in LP will decrease over time while the amount of $WETH remains constant.
What is $JADE token's utility?
Using JADE, you can engage in our ecosystem in several ways:
Wager on our decentralized verifiable games such as Jade Wheel where the player has up to 1% edge over the house.
Provide Liquidity and farm rewards.
Stake it in one of our mines in order to protect your stack from debasement mechanisms.
Earn revenue share (upcoming).
What is $JADE token's expected supply reduction curve?
$Jade token's supply reduction curve will be more or less aggressive depending on how much volume is wagered on our games and how much players stake in vaults. Below you can see a graph for a scenario where our expected maximum volume per day is bet (15,000,000 $JADE) and a graph for where our expected minimum volume is bet (<1,000,000 $JADE).
The more you bet, the bigger your effect will be in supply reduction, and the higher price will rise!
*JCB stands for Core Bankroll. See Jade Core Bankroll.
*Due to the inability to protect from debasement while tokens are locked, Ecosystem, Operations Wallets and Team & Advisors wallets are not subject to debasement.
Last updated
