Jointer.io Launches The World’s First Shared Pool on Uniswap to Binance Smart Chain with $250,000 JNTR/E Airdrop
Jointer Initiated a $250,000, first of its kind decentralized BOGO Airdrop (Buy-One-Get-One) Implemented on Ethereum to Increase Mass Adoption
Jointer is celebrating the launch of the first shared pooling token across the Ethereum and Binance Smart Chain ecosystems that does not require wrapping a token through JNTR/b and JNTR/e.
The world’s first BOGO airdrop initiates when UniSwap native token holders ($UNI) receive JNTR/e to their wallet. Once users receive the JNTR/e to their wallet, they will be unable to transfer or sell the tokens until they purchase an equal amount of JNTR/e.
The mechanism is built into the JNTR/e smart contract and is the first buy one get one (BOGO) airdrop that is taking place completely on the blockchain.
See UniSwap Pair
Details:
A snapshot of the UniSwap holder list was taken on 10/9/2020
125 JNTR/e were airdrop to the top 5,000 UNI holders.
In order to redeem or transfer the 125 tokens, the wallet must first purchase 125 JNTR/e from the UniSwap pool
Once the wallet sees that there are 125 JNTR/e to match the airdropped 125 JNTR/e, the smart contract executes the BOGO Airdrop, releasing all 250 JNTR/e.
JNTR/e Overview
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.
Jointer will distribute more than 63% of the total JNTR/e minted or 125 JNTR/e to the top 5,000 holders of UniSwap.
Because JNTR/e is able to be instantly swapped through SmartSwap and the face value of JNTR which has grown from $0.01 to ~$0.40 since launch, Jointer is distributing $250,000 of face value through this BOGO airdrop.
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 is JNTR/b?
JNTR/b is a wholly decentralized bridge token created to provide liquidity and increased access to the Jointer syndication ecosystem. Due to JNTR/b being decentralized, it has the ability to list on decentralized exchanges and participate in decentralized finance pools and swaps like BurgerSwap, PancakeSwap,and BakerySwap.
JNTR/b does not require holders to be whitelisted like JNTR.
Ongoing Minting and Burning
- JNTR/b burns each time it swaps for JNTR or other JNTR bridges like JNTR/e
- JNTR/b is minted when JNTR or other JNTR bridges like JNTR/e swaps to JNTR/b
What is JNTR?
JNTR is a financially engineered decentralized protocol layer on top of the Binance Smart Chain developed as the exclusive payment method to facilitate trades of Jointer’s stocks (JNTR/STOCK) and bonds (JNTR/ETN) as well as provide liquidity for the JNTR/b and JNTR/e bridges.
JNTR’s face value changes based on the liquidity reserve’s calculation every time investors directly purchase JNTR through the daily Auction or through SmartSwap. The face value carries an exponential return potential along with a low risk profile, providing an uncorrelated hedge against volatility in the real estate and crypto markets.
While investors can swap JNTR/b for JNTR at any time, they must be whitelisted to hold JNTR. To gain access to the whitelist, investors must pass KYC / AML and potentially accreditation. Jointer also created a reverse KYC / AML process in order to meet the speed of the DeFi environment while still stopping fraud right in its tracks.
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. This solution was noted by Techkrest as solving pool risks.
- 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 the UniSwap Community. 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 UniSwap, 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. 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 UniSwap, 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
How can I purchase JNTR/e?
Investors can receive JNTR/e either through UniSwap or by using JNTR in the SmartSwap.
1- Contract Address for UniSwap: 0x1368452Bfb5Cd127971C8DE22C58fBE89D35A6BF buy link: https://info.uniswap.org/pair/0x104bf89b9f7940912b03a508e927cf94f16a5668
2- Bring your JNTR/e or JNTR/b to SmartSwap with zero fees or spread
How can I purchase JNTR/b?
Investors can receive JNTR/b either through Swap Pools like PancakeSwap, SmartSwap, or by using JNTR.
1- Contract Address for Pancake Swap: 0x78e1936f065fd4082387622878c7d11c9f05ecf4
2- BurgerSwap
3- Bring your JNTR/e or JNTR to SmartSwap with zero fees or spread
How can I purchase JNTR?
Investors have the ability to purchase JNTR assets in three ways:
- through the daily Jointer DeFi Auction at a potential 50% discount;
- through a Secondary Market Exchange (coming soon); or
- Bring your JNTR/e or JNTR/b to SmartSwap with zero fees or spread
