- Please describe your project. What is it doing to improve Cardano?
$JPG is a loyalty & reward program token set to enhance the Cardano Ecosystem, specifically targeting the JPG Store marketplace. This cryptocurrency-based solution offers scalability, efficiency, and user empowerment, in contrast to traditional, opaque, and time-bound reward programs. Embracing Cardano’s blockchain technology, $JPG ensures transparency and global accessibility while revolutionizing the traditional rewards landscape. It achieves this by eliminating unnecessary intermediaries, fostering trust among users.
- What does the Token do? How many holders does it currently have?
The $JPG Token introduces a host of features that redefine user engagement, rewards, and participation within the Cardano NFT space. Initially integrated into the JPG Store platform, these features will enhance the overall user experience, fostering a dynamic ecosystem that resonates with traders, and those seeking a gamified shopping experience.
We aspire to bring similar use cases and more to other platforms in the Cardano Ecosystem as we continue to grow.
$JPG token (Policy ID:681b5d0383ac3b457e1bcc453223c90ccef26b234328f45fa10fd276)
Holders - The $JPG token currently has 8914 holders.
- Why do you want a MIN Farm? How does the Minswap community benefit from offering a MIN Farm for your Token? Apart from the MIN Farm, will you add your own Token as incentives as well? If yes, how much?
We want to establish as much liquidity as possible to maintain a healthy trading ecosystem for the token and the community. The Minswap community will get exclusive access to more $JPG tokens by farming as there are no other distributions of tokens at this moment in time.
- How much circulating supply is there of your token? Please inform us briefly of your tokenomics, including the distribution and vesting schedule of the token (investors, team, yield farming, etc.)
Total supply can be seen here: Initial Distribution - JPG Foundation
- Community Rewards: 56% (560,000,000 tokens)
- Investors 5% (50,000,000 tokens)
- Liquidity: 14% (140,000,000 tokens)
- Foundation Treasury (250,000,000 tokens)
Circulating Supply can be seen here: Token Allocation - JPG Foundation
- Community Rewards: 25% (50,000,000 tokens)
- Investors 0%
- Liquidity: 70% (140,000,000 tokens)
- Foundation Treasury 5% (10,000,000 tokens)
Vesting & Emissions can be seen here: Emission & Vesting Schedules - JPG Foundation
- Is your Project audited? By whom?
Our vesting contract can be viewed here: GitHub - jpg-store/vesting-contract
This audit was conducted by Mlabs
- Farming rewards:
0.5% of the total supply, (5,000,000 $JPG) will be distributed over 6 months via this Farming initiative.