Jade City, a mission for DeFi tokenization of the $50 billion-plus jade market, launched its white paper. In accordance to the staff: “The Jade Metropolis white paper outlines how the brand new platform will kick off a brand new period of RWA tokenization and DeFi market entry when it launches later in 2024, detailing its provide and worth chain, provide and distribution companions, income and token mannequin, and ongoing roadmap.” In accordance to the white paper: “The economic system of Jade Metropolis is powered by a community-funded worth chain. The Jade Metropolis group positive aspects entry to uncooked materials by buying a treasury bond with a stablecoin akin to USDT. These funds are used to purchase jade early within the worth chain. In return, a part of the revenue generated from processing and gross sales is given again to bond holders within the type of tokenized bodily jade. The vast majority of the remaining revenue is used to purchase. and burn the $JCT token, channeling worth to the token holders.” The mission was co-founded by the homeowners of the biggest jade deposit, the paper reads. In accordance to a spokesperson, the mission is being constructed on Base, with a beta platform anticipated in early October.
