Bancor Adds JNTR/e Bringing Cross-pool Capabilities to Binance Smart Chain
Jointer Lists JNTR/e on Bancor expanding cross-chain Ethereum to Binance Smart Chain Swap capabilities
JNTR/e is a wholly decentralized bridge token created to provide liquidity and increased access to the Jointer syndication ecosystem and the primary JNTR token. Due to JNTR/e being decentralized, it has the ability to list on decentralized exchanges and participate in decentralized finance pools and swaps like UniSwap.
Jointer minted a total of 1,000,000 JNTR/e on the Ethereum blockchain, with 0% accessible to the team, founders, and investors.
Jointer will burn 100% of the relay token (the LP share that controls the pool) which limits Jointer from accessing that pool or changing it.
Ongoing Minting and Burning
JNTR/e burns each time it swaps for JNTR or other JNTR bridges like JNTR/b
JNTR/e is minted when JNTR or other JNTR bridges like JNTR/b swaps to JNTR/e
What makes JNTR/e and JNTR/b different from other pool pairings?
The creation of JNTR/e and JNTR/b combined with JNTR is a new world decentralized finance.
- Limited Initial Supply
- All team and early investors are restricted from accessing the pools
- Arbitrage Opportunity
- Cross Blockchain Shared Pooling
- Burn relay tokens
Limited Initial Supply
Jointer will start by JNTR/e being minted in a limited quantity and airdropped to large communities that desire partnership through the BOGO program. The airdrop will not go to any member of the Jointer team or any early investors.
Ongoing, JNTR/e can only be minted when JNTR or JNTR/b is swapped with JNTR/e through SmartSwap. The JNTR is locked by the SmartSwap and the JNTR/e mints directly to the investor.
Once JNTR/e is swapped back for JNTR or JNTR/b through SmartSwap, it is burned.
All team and early investors are restricted from accessing the pools
Team members and early investors did not receive any of the JNTR/e minted tokens.
And while initial investors will have JNTR, 50% of all pre-minted JNTR is minted for 10 years. Further, the JNTR is released to investors and will remain behind the JNTR gateway forever. This means investors will be unable to access pools or sell tokens for below the face value.
Pre-Minted JNTR Gateway
In an effort to meet the needs of early investors as well as long term JNTR holders, Jointer will restrict 100% of all pre-minted JNTR. The pre-minted JNTR are restricted from direct engagement with secondary markets or liquidity pools.
Sell orders are placed through a gateway smart contract that utilizes an API to engage with secondary markets. Using algorithms, the gateway only places orders that correspond with market demand and the face value of JNTR in the Liquidity Reserve. During the first 90 days of the Auction, the gateway is restricted from placing any sell orders to encourage strong market demand.
Arbitrage Opportunity
SmartSwap will always respect JNTR’s face value across JNTR/b and JNTR/e. The JNTR value derives from Jointer’s multi-layer reserve. This means that regardless of the volatility and prices of JNTR/e and JNTR/b, SmartSwap will respect the financially engineered and protected JNTR price.
Because SmartSwap respects the JNTR price from Jointer’s Reserve, this means investors may have an arbitrage opportunity between JNTR/b, JNTR/e, and JNTR.
Further, arbitrage opportunities could arise from the daily discount of 50%+ offered on JNTR through the Auction compared to the price JNTR/b is trading for in liquidity pools. Investors could purchase JNTR at a 50% discount and then swap for JNTR/e at the JNTR face value to sell on liquidity pools, creating another arbitrage opportunity.
Example
- JNTR/e’s price is $0.10 on Bancor, User A has 100 JNTR/e
- JNTR is $0.30 in Jointer’s Reserve
- Users can swap 100 JNTR/e to 100 JNTR and redeem through Jointer’s Reserve for $0.30
Cross Pooling Across Different Blockchains
Currently, liquidity is isolated to specific blockchains, mainly ERC20 standard and specifically on UniSwap and Bancor. In order to move between blockchains, investors are turning to wrapped tokens, making the process centralized and inefficient.
Seeing these issues and the opportunity to increase liquidity for the Binance Smart Chain as well as Tron and others, Jointer created cross-pool liquidity utilizing a suite of tokens that independently operate on their intended blockchain yet are interoperable together. This means at any time, you are able to swap at a 1:1 ratio cross chain utilizing JNTR/e on Ethereum and JNTR/b on Binance Smart Chain. Jointer’s SmartSwap will handle the conversion and where one token is minted, one token is burned on the opposite blockchain.
Example
- JNTR/e’s price is $0.10 on Bancor, User A has 100 JNTR/e
- JNTR/b’s price is $0.30 on PancakeSwap
- Users visit SmartSwap and trade 1:1 100 JNTR/e to 100 JNTR/b and trade through PancakeSwap for $0.30 creating a cross pooling relationship that allows the market, no matter the blockchain to provide liquidity.
- 100 JNTR/e are burned and 100 JNTR/b are minted.
Burn relay tokens
Rather than profit from relay tokens, Jointer will burn all relay tokens in the decentralized pools. This protects users from the company becoming a whale after trading.
Proof of JNTR/e UniSwap burn: https://etherscan.io/tx/0x77c161fd66cac12c5d67dc4a2b951dac992e763239ab8bb763511bf35b61399d
Proof of JNTR/b PancakeSwap burn here: https://bscscan.com/tx/0xbdef2a1341543e39c88ec1d923fe1a1a5842a55058504fe684524439d65ff5e1
Proof of JNTR/e Bancor burn coming soon
Daily incentives are found at the Jointer Auction
