TVL > 100K
What is JSwap (JF)?
JSwap is a decentralized transaction and assets management protocol founded in 2021. The platform token is called Jswap Finance. Being based on the OKexChain (an open-source blockchain), this one-stop DeFi services solution supports various functions such as Liquidity and Swap Mining, DAO dividends pool (includes participants for governance), single token vault (Machine Gun Pool), single token liquidity mining (providing liquidity for other swaps spontaneously), Stable Token Exchange, market charts and IFO Promotion. Aggregation mining and assets management features are also supported which is common for a DeFI service. The protocol features a multi-chain support OKexChain was chosen due to its interoperability and being fully open.
Who are the founders of JSwap (JF)?
The project was founded by David Webb, a South Korean entrepreneur, in early spring 2021. The team includes seven other members. All of the team members have a Silicon Valley background and expertise in DeFi. The project is registered and was launched in Singapore. JSwap’s security has been audited by SlowMist, a well-respected blockchain ecosystem security company – with the evaluation level of “low risk” – the most secure one.
What makes JSwap (JF) unique?
The protocol features a unique approach to swap mining. It provides a flexible compensation reward based on the real loss of transaction fees and transaction slippages of each user, so there is not any fixed amount and it prevents early users and “big players” from accumulation of too many tokens. This makes it a relatively fair and unique approach among many DeFi projects. It also maximizes profits for the users, while also supporting ecological development of the projects. There are two-level promotion incentives (level-1: 5%, level-2: 3%), with the team behind JSwap not handling (nor owning) any profits, so the protocol is completely community-driven. There is a non-tamperable smart contract solution put in place that ensures that 70% of revenue is distributed to the users, 20% will be used for destruction and 10% for promotion and funding team operations. The vault service provided by JSwap is also interesting. Jswap Vault, decentralized yield farming platform, allows users to maximize their profits thanks to reduced overall farming costs, making using JSwap a cost-competitive solution.
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