Due to the large rise in the secondary market, in order to protect the rights and interests of investors, 900,000 JFI originally planned for the curve auction will no longer be in circulation and all of them has been destroyed. After destruction, the initial circulation is only 10,0000 JFI (which have been airdropped to qualified JT holders), and 20 million JFI will be generated by JT mortgage loan mining.
JFI is the governance token of JuFi, with a total amount of 21 million issued (before destruction), which is used for community management and ecological development, and has no real economic value. All JFI holders can participate in multi center autonomy by voting; JFI adopts the mechanism of mortgage loan mining, which is produced in every loan business of JuFi plate. In other words, the interest from each side of JFI's loan is increased according to the proportion of loan from JFI.
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. Jubi attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. Jubi is not liable for investment gains or losses.
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Aug 31st, 2020
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