Jax.Network officially announces the public sale of WJXN
by Maryna Trifonova, Head of Content at Jax.Network
We all have been waiting for this day and it has finally come! We at Jax.Network are excited to open the public sale of WJXN and allow all of you to participate in it. Read the article till the end to learn more about the utility of JXN coin, our pricing structure, and how to buy it.
First of all, we would like to thank all our investors, partners, and backers, who showed us their support during the private sale. We met and became partners with many remarkable companies over the past few months. We hope that our community will see the results of our partnership really soon!
Some of you may wonder what WJXN is. Let us just briefly mention that WJXN is a Wrapped JXN coin that is backed at a 1:1 rate with the MainNet beacon JXN token. These WJXN tokens allow everyone to buy JXN coins at the lowest price and get a higher ROI in the future. We argue that JXN has a great potential to immensely shoot up in price, as it reflects the value of the entire network. It can be used:
- to pay for the security of Jax.Network by incentivizing Bitcoin miners to merge-mine Jax.Network
- as gas fees for exchange agent listing transactions and other critical transactions
- to incentivize miners to defend the beacon chain that holds the shard registry
- as a secondary savings account for the Bitcoin network
- to incentivize miners to defend the Bitcoin network when the BTC reward drops to 0
- to reflect the value of the transactional payments ecosystem of Jax.Network
- to pay for critical Layer-2 related entity and data registration on the beacon chain
- to pay for critical data storage on the beacon chain.
The public sale officially starts today, on August 4, 2021. It’s split into 3 phases, with 26 rounds in each phase. During the first phase of our sale, we offer you to buy tokens at the starting price of $0.77 per coin. Once all 2 mln of coins assigned for this round are sold, the next phase, where 4 mln coins are to be distributed, starts at the price of $0.87. And finally, we’ll issue 10 mln coins at a starting price of $0.97 during the last phase of our public sale.
The pricing between each round will be updated as the sale progresses towards the next phase. For more detailed information on price changes during the token sale rounds, please follow this link.
After the launch of our MainNet (expected latest by November 30, 2021), we will set up a bridge, where you can swap WJXN to JXN at a 1:1 rate. Any unsold WJXN tokens that are left by this time will be burnt. Please note, it’s the buyer’s responsibility to make sure that tokens are safe until then.
As Jax.Network is a fully decentralized network, we decided to launch our public sale on decentralized exchanges. Now you can buy WJXN tokens on Bounce through our sale page: https://buy.jax.network/ using ETH and BNB. As per our pricing structure, the price in USD will be automatically converted to ETH and BNB on the website. Please note, that exchange rates of ETH and BNB are set at the beginning of each round and remain fixed until the end of the round. After the public sale, we will list liquidity on Uniswap and PancakeSwap DEXs.
Feel free to use our quick and easy guide on buying our tokens here. If you have any questions, please check this FAQ page or use our official Telegram chat.
All the funds raised will be spent according to the pie chart presented below:
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