Oct 1, 2020
Jointer Launches JNTR/b on First Binance Smart Chain Pool
World’s First DeFi Project Goes Live on PancakeSwap after reaching 30X through the daily Auction
Jointer is pleased to announce the PancakeSwap pool listing for their Binance Smart Chain token, JNTR/b. The pool provides investors a decentralized opportunity to provide the liquidity for others while earning fees.
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.
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.
What makes JNTR/b different from other pool pairings?
The creation of JNTR/b combined with JNTR is a game changer for 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
- Burn relay tokens
Limited Initial Supply
JNTR/b will start by JNTR/b being minted in a limited quantity and airdropped to the Binance Smart Chain community. The airdrop will not go to any member of the Jointer team or any early investors.
Ongoing, JNTR/b can only be minted when JNTR is swapped with JNTR/b through SmartSwap. The JNTR is locked by the SmartSwap and the JNTR/b mints directly to the investor.
Once JNTR/b is swapped back for JNTR or JNTR bridge tokens through SmartSwap, it is burned.
All team and early investors are restricted from accessing the pools
Team members and early investors will not receive any of the JNTR/b 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 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 which derives from Jointer’s multi-layer reserve. This means that regardless of the volatility and prices of JNTR/b and other bridge tokens, 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 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/b at the JNTR face value to sell on liquidity pools, creating another arbitrage opportunity.
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 burn here: https://bscscan.com/tx/0xbdef2a1341543e39c88ec1d923fe1a1a5842a55058504fe684524439d65ff5e1
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; or
- through 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
3- Use JNTR
JNTR/b Airdrop Details
The JNTR/b Airdrop will be broken down into phases so many members of the community get to benefit.
Batch A will go to top BNB holders on the Binance Smart Chain
Batch B, C, and D will distribute based on snapshots of holdings on a pro-rata basis
Details on batch A
Jointer minted a total of 1,000,000 JNTR/b, with 0% accessible to the team, founders, and investors.
Jointer will distribute 10% of the total JNTR/b minted or 100,000 JNTR/b to all holders of Syrup. The percentage and distribution group was decided on after asking the PancakeSwap telegram community what is best for the ecosystem.
Because JNTR/b is able to be instantly swapped through SmartSwap and the face value of JNTR which has grown from $0.01 to~$0.30 since launch, Jointer is distributing $30,000 in this airdrop.
The current price JNTR price on PancakeSwap is $0.02 and started at $0.001.
Terms
$50 of JNTR/b will be Airdropped just for being a Syrup Holder
$50 of JNTR will be airdropped after users successfully join the whitelist at jointer.io
