Jet Protocol Price (JET)

What Is Jet Protocol(JET)？

Jet is a decentralized borrowing and lending protocol built for speed, power, and scalability on Solana. Jet Protocol will launch as an open-source, non-custodial, borrowing, and lending protocol on the Solana Blockchain ('the Protocol' and 'Jet Protocol'). The Protocol will allow users to deposit supported tokens to the Protocol. They will receive interest back to incentivize participation. Those deposits will sit in a pool that is also used for users looking to take out a loan in supported tokens. Because of this, individual users are not matched, and the Protocol can create rules to govern ratios, supported tokens, and a variety of other needs.

A Jet user can borrow against over-collateralized debt positions, and may incur debt up to governance mandated debt ratios. If the value of a user's deposited collateral falls under the specified ratio, their position may be liquidated by external actors, such as traders, or any users who can call the smart contract. In addition to lending, Jet will introduce interest rate products, secondary markets on Serum, and facilitate ongoing, community-driven lending product research & development.

What Are the Features of Jet Protocol(JET)'s Lending Products?

Beginning with the launch of the cross-margined lending protocol, extendable via APIs to traders, market-makers, and liquidity providers, the following features are introduced over the next two quarters in roughly the following sequence:

• Liquidity mining program to bootstrap liquidity. Jet will run a longer duration liquidity mining program to bootstrap and keep liquidity on the protocol, naturally rewarding early liquidity providers with attractive yields.
• Implementation of interest-bearing tokens. 
• Cross-chain modules for equalization of interest rates.

Who Are the Founders of Jet Protocol(JET)?

• WIL BARNES: CEO & CO-FOUNDER, distributed systems software engineer, interested in open finance & geopolitics.
• JAMES MOREAU: COO & CO-FOUNDER, Blockchain product nerd helping users, investors, businesses, and executives navigate challenges surrounding blockchain integration and use-case development.

What Is Jet Protocol(JET) Token?

Jet Protocol's native Solana based SPL token is called JET. JET is a utility token that enables the two following primary uses:

• Governance voting rights to change and upgrade Jet Protocol
• Tiered usage benefits of Jet Protocol earned by locking up JET

Most JET tokens are locked up for a long time (3 years), which leads to well-aligned incentives for everyone involved: the team, investors, community of users, and governance participants. Additionally, a large portion of the unlocked tokens are at the disposal of the DAO, and will require governance input on how they are allocated by stakeholders and community members.

• The fixed total supply of JET tokens is 1,700,000,000.
• Initial Circulating Supply: 175,058,750 JET. 
• 25% of tokens to team & advisors, 0% unlocked at the 12-month cliff, and the rest vesting linearly over 24 months.
• 15% of tokens to seed investors, 0% unlocked following a 12-month cliff, with the rest vesting linearly over 24 months.
• 10% of tokens to follow-on investors, 0% unlocked following a 12-month cliff, with the rest vesting linearly over 24 months.
• 3.06% of tokens to Ascendex IEO + trading capital for market maker, 100% unlocked at TGE.

• 25.47% of tokens are under the control of the DAO, 3% unlocked at TGE, and the rest vesting linearly for 24 months. The rationale for lower % TGE unlock here is to prevent governance attacks of DAO tokens. 21.47% of tokens are reserved for direct project contributors, the 'dev fund', 25% unlocked at TGE and the rest vesting linearly for 24 months.

Where Can I Buy Jet Protocol(JET) Token?

Investing in Jet Protocol(JET) Token can seem complicated, but it is much easier when you buy Jet Protocol(JET) Token through a cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Jet Protocol(JET) Token — both for fiat money and other cryptocurrencies. Some of the most popular Jet Protocol(JET) Token cryptocurrency exchanges are:

• AscendEX 

Jet Protocol (JET) Community

• Twitter: https://twitter.com/jetprotocol
• Medium: https://medium.com/jetprotocol
• Telegram: https://t.me/jetprotocol

What is Jet Protocol (JET) Contracts address?

• Solana: JET6zMJWkCN9tpRT2v2jfAmm5VnQFDpUBCyaKojmGtz