TOKENOMICS

General

The official token identifier on the MultiversX blockchain is: JEX-9040ca
Token details are available on the official explorer:
Token properties
Initially, there were 1,000,000,000 tokens. However, it should be noted that several "burn" operations were carried out, allowing nearly 75% of the initial supply to be burned.

Supply reduction

In addition to exceptional burn operations, mechanisms allow you to regularly burn $JEX:
  • Purchase of $JEX at market price with exchange fees intended for treasury (30% of fees generated)
  • Voluntary burn of $JEX by users on the Burnify platform

Token utilities

$JEX token has several uses within the ecosystem:
  • 50% of platform fees are donated to beneficiaries of the "Earn" program
  • Creation of proposals via the governance module
  • Voting for protocol improvement proposals
  • Purchase/Sale of NFTs on certain marketplaces
  • Participation in raffle
Last modified 25d ago