JEX Tokenomics
The total supply of $JEX token is 1,000,000,000.
| Allocation | % | Nb tokens | Cliff* |
|---|---|---|---|
| Dynamic Distribution | 40 | 400,000,000 | |
| Marketing | 30 | 300,000,000 | |
| Sales | 20 | 200,000,000 | |
| Team | 10 | 100,000,000 | 6 months** |
* cliff : during this period, tokens are locked and cannot be claimed, staked, exchanged or sold.
** the tokens allocated to the team will be locked in a smart contract that will prevent any claim before the end of the lock-up period (6 month after the launch on MultiversX mainnet).
The official JEX token identifier on MultiversX blockchain is: JEX-9040ca
The details and attributes of the token are available on the official MultiversX explorer: https://explorer.multiversx.com/tokens/JEX-9040ca
Dynamic distribution
40% of the supply will be distributed through a dynamic distribution process managed by the smart contract each time an offer is paid with wEGLD.
A fraction of these JEX will be sent to the buyer and the seller in equal parts.
The amount of distributed tokens during each exchange will depend on the amount of remaining JEX tokens allocated to this reward program and the amount of exchanged wEGLD :
- nbJEX : distributed amount of JEX tokens (50% for buyer, 50% for seller)
- disrib_balJEX : amount of remaining JEX tokens to be distributed
- nbwEGLD : payment amount in wEGLD
Example:
100,000,000 JEX remain in the distribution balance. Alice spends 1,5 wEGLD to fill Bob’s offer.
nbJEX = 100,000,000 x √1.5 x 10–6
nbJEX = 122.47
50 % allocated to Alice
50 % allocated to Bob
(61.23 JEX each)
- nbJEX : distributed amount of JEX tokens (50% for buyer, 50% for seller)
- disrib_balJEX : 100,000,000
- nbwEGLD : 1.5
The distribution will follow this curve:
