JPEX announced that it will launch JP public chain – JP Chain

JPC has been very popular since its launch on the market, and the market is becoming more and more mature. JPEX announced that it will launch the JP public chain – JP Chain, using JPC as a native token and operating in a decentralized manner.

In order to cooperate with the development of the public chain, after discussions between the project party and various stakeholders (JPEX exchange, technical team, market makers, Yuanverse Fund, charity funds, etc.), it was unanimously decided that JP Chain should be decentralized on the blockchain formal operation, and agree that JPC and public chains should be operated by the market.

In order to express their confidence in JPC's support and development of the JP public chain, the project team and each stakeholder have decided that their currency holding ratio should not be higher than the community market share, so they will destroy 90% of their unlocked JPC and the circulating JPC they hold. , solve the possibility of other public chain projects affecting currency prices due to unlocking, and advance and retreat together with the market.

Relevant destruction details are as follows:

  • 1,480,000,000,000 JPC : 0x2e6eeccc682b3f2cf007ed6b3c7dee62c4f2917c1e168d5af5d1ddf78236adbc

  • 1,500,000,000,000 JPC: 0x9dcd4d175537199e952c93fcf8ecaec35a667307dc6767708b7aea5097fee6eb

  • 100,000,000,000 JPC: 0x1674e5087cf95fbbe45603e1c36fd6591602045e5de8276d3e1dcf432811d255

  • 1,019,996,661,984 JPC: 0x996fbb1e76cc2ffe8c01a671956e38fe4cdfeeae68446cd549c72228c0ce5e0e

Image source: JPEX The characteristics of JP Chain and the role of JPC with decentralization as the main goal

JP Chain will operate with a POS consensus mechanism, and you can become a node on the public chain by pledging a specified number of JPCs. Strong scalability will be the biggest feature of this public chain. Its network will develop horizontally according to demand, and there will be no limit on the feasibility of transaction throughput. The cost will be relatively low and it will not affect security and on-chain activity. sex.

The public chain will use the Solidity programming language, which can be used for smart contracts, payments and storage of NFTs. In addition to improving the security of data stored on the chain, its simple use method facilitates developers to develop on the chain, and can also be integrated with Ethereum intelligence. Contracts are used interchangeably.

JPC holders will pledge JPC as a proof mechanism for participating in the workload of the platform. JPC can also be used to pay the required gas fee for various operations performed on the JP Chain and the platform, such as executing and storing transactions. ). Holders also have the right to participate in on-chain governance voting on protocol upgrades and various platform issues.

JP Chain will focus on decentralized wallets, decentralized exchanges, decentralized applications and games, etc., to develop products and continuously improve JPEX's blockchain ecosystem. JP Chain will be used in complex calculations in games and even offline financial markets with high transmission speed and low transaction fees to help relevant markets cope with the ever-changing market development.

JPEX will also establish a DAO (Decentralized Autonomous Organization) in the future to operate JPC tokens and JP Chain, returning project decision-making, power and public chain income to the JPC community and market to achieve decentralization of the public chain and restore the Bitcoin block The original intention of Mr. Satoshi Nakamoto, the founder of the chain, is to decentralize.

JPC surges 17% on news

After destroying 90% of the unlocked circulating JPC, the circulating volume is 71,973,400,378 JPC, and the circulating market value is approximately 2,519,069,013 USDT; the total project volume is 197,982,266,919 JPC, and the total project market value is approximately 6,929,379,342 USDT. Unlocked JPC will be destroyed after unlocking in the future to ensure the healthy development of the market. JPC surged after hearing the news, rising from a minimum of 0.0342USDT to a maximum of 0.042USDT within 24 hours, a full 17%, and the current price is 0.04016.

Image source: JPEX

About JPEX

JPEX Digital Asset Bank holds the Canadian MSB Fintrac license, the MSB financial license issued by FinCEN in the United States, the operating license issued by Australian ASIC, and the Lithuanian cryptocurrency exchange and wallet operator registration license. At the same time, 100% of JPEX users’ encrypted assets will be stored in offline cold wallets. JPEX also provides each user with a financial insurance compensation plan, with a maximum protection limit of 75,000 USDT. 90% of the claims protection meets the requirements of international financial regulations, and every real-name authenticated platform user is protected.

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-This article is provided by the official and does not represent Zombit’s position or investment advice-

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