Investment Power is Now Implemented

Published in

Jointer

2 min readNov 4, 2020

Holding JNTR is now required for investing in the JNTR Auction

What is Investment Power?

Investors must hold JNTR to participate in the daily Auction, effectively placing a hold on selling a relative amount of JNTR as well as increasing buying demand on the secondary market. Investment power is equal to the amount of unlocked/unstaked JNTR held in an investor’s wallet. Investors can invest in Jointer’s Auction up to 100% (1:1 face value) of their unlocked/unstaked JNTR holdings at the time of the investment.

If an investor does not have enough investment power to participate in the auction, they will either need to unlock/unstake their JNTR or purchase more from the secondary market (STEX) or SmartSwap.

Example

Investor holds in the wallet $100 worth of JNTR

Investor may invest up to $100 in the auction

Investor will need to unlock, unstake, or purchase more JNTR from other users via the secondary market to invest more in the Auction

JNTR is built on Binance Smart Chain so you will need BNB and MetaMask to invest

Potential Premium Buy-orders

Once a daily Auction achieves the group bonus, which guarantees a 50% discount on JNTR, investors may calculate that they still benefit from paying more for JNTR on the secondary market. Since it is required to have JNTR for investment power, investors will welcome the opportunity to pay a premium to in turn receive an overall net gain.

Example

JNTR in the secondary market is $1

The Group Bonus is achieved in the daily Auction

If the investor paid a 20% premium on JNTR in the secondary market to invest in the Auction, the net profits are as high as 60%

Calculation — $0.50 Auction profit — $0.20 secondary market premium