Jade Protocol Price (JADE)
Why is there no Market Cap?
Jade Protocol to USD Chart
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JADE Price Live Data
The live Jade Protocol price today is $465.24 USD with a 24-hour trading volume of $223,149,992 USD. We update our JADE to USD price in real-time. Jade Protocol is up 12.07% in the last 24 hours. The current CoinMarketCap ranking is #2769, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Jade Protocol, the top cryptocurrency exchanges for trading in Jade Protocol stock are currently PancakeSwap (V2), BKEX, and Decoin. You can find others listed on our crypto exchanges page.
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.
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.
JADE to USD Converter
JADE Price Statistics
|Jade Protocol Price||$465.24|
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|52 Week Low / 52 Week High|
All Time HighNov 22, 2021 (10 days ago)
All Time LowNov 26, 2021 (5 days ago)
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|Total Supply||121,825 JADE|
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