Introducing JuggerSWAP Beta v0.12 & Pre-Mining Tutorial
The moment that you have all been waiting for is here. The first phase (beta v0.12) of JuggerSWAP is now live. JuggerSWAP is designed to be the core synth marketplace and swapping center for the JGN Ecosystem.
JGN DeFi has officially launched the first beta phase of JuggerSWAP that supports two mining pools:
- Pool 1: stake SKM to earn JGN
2. Pool 2: stake JGN to earn JGN
There are 20,000 JGN in the mining pools in the first round, which will go live on September 17, 2020.
Link to JuggerSWAP Beta.
Please note, this is separate from the 1% total JGN commitment to SKM holders (over a two-year period). Exact details will be announced after the initial centralized exchange listing for JGN as an airdrop or further staking requirement.
Here is a step-by-step guide:
- Go to the JGN website and click “JuggerSWAP”
Or click the link here：https://juggerswap.jgndefi.com/staking/
*Please note：
a. It is recommended to access on PC；
b. VPN may be required, depending on your location.
2. Click “connect” to connect your preferred wallet — MetaMask is recommended for PC users.
3. Mining home page 1：
Select your preferred language in the top right corner of this page. The site is currently available in two languages: English and Simplified Chinese.
Below is the home page in Chinese：
4. Click “open” to enter SKM and JGN pools respectively.
4.1） SKM pool contract address：https://etherscan.io/address/0x56f95662e71f30b333b456439248c6de589082a4
The SKM pool looks like this：
Click “Stake Tokens” — Then you will be redirected to MetaMask to complete the transaction.
Other features can also be found on the same page.
4.2）JGN pool contract address：
https://etherscan.io/address/0xD0d0a97DE14D676eb2e2bC9A007e9b191D478f4F
How Are My Mining Rewards Calculated?
Each is a yield farming pool that lasts for seven days, with 10,000 JGN in total as rewards.
The reward per minute is fixed, determined by the speed of Ethereum, and it is proportional to order size. See the example below：
• JGN reward per hour = 10,000 JGN/ 7 days/ 24 hours = 59.52 JGN （This is fixed）
• If you order 1,000 SKM, and meanwhile there are 10,000 SKM in the pool, then you will be paid = 1,000/10,000 =10% — Simply put, you will be rewarded 10% of the pool size. Then the amount of JGN you will be rewarded is = 10% x 59.52 = 5.952 JGN
Please note that this situation is dynamic. It is difficult to tell the total amount of SKM in the pool. This is the reason why the earlier you participate, the more potential rewards you will have!
Remember, this is early stage beta. Your participation and feedback are most welcome! If you have any questions or suggestions, feel free to contact us.
What’s to Come for JuggerSWAP?
Future features include adding and showcasing the actual ‘j’ Series DeFi synthetics. Beyond that, JGN is working on making it easy for anyone to create their own customizable synthetic, bringing financial DeFi use cases to non-financial industries.
JGN will enable users to share value with stakeholders and create accountability in a dynamic and global setting. Moreover, with JuggerSWAP, users will be able to offer and fund these custom projects based on their own criteria. With JGN, if you can dream it, you can do it!
