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Text Content

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   Connect a wallet
   Binance Smart Chain Mainnet
   

 * --------------------------------------------------------------------------------

 * STAKE

 * --------------------------------------------------------------------------------

 * REFER-A-FRIEND

 * --------------------------------------------------------------------------------

 * STAKE WJXN

 * --------------------------------------------------------------------------------

   
   
 * BRIDGE

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 * GOVERN
   * GET VRP TOKENS
   * VOTING
   
 * INFO
   * WHITELISTS
   * DOCUMENTATION

 * --------------------------------------------------------------------------------

   


   
   
 * Stake
   
   
   

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 * Disconnect wallet




JAX.MONEY

AN ENERGY STANDARD MONETARY SYSTEM
ISSUING LOCALIZED STABLECOINS

Documentation Join Telegram Chat


FULLY BACKED BY PROOF OF ON-CHAIN RESERVES OF ENERGY TOKENS

DEMOCRATIC, DECENTRALIZED, AUDITABLE SYSTEM

SECURITY AUDITED BY CERTIK

WJXN-2 STAKED

10,836,448.788 WJXN-2

$320,216.737

TOTAL VRP YIELD

596,473.147 WJXN-2

LATEST APY: 10.173 %

TOTAL LP YIELD

0 WJXN-2

LATEST APY: 0 %


FAQ

WHAT IS JAX.MONEY?

Jax.Money is a stablecoin payments system with 100% on-chain reserves backed by
energy spent, or Proof-of-Work. This platform allows users to issue localized
derivatives soft-pegged to an energy-underwritten stablecoin (Wrapped JAX).

HOW TO USE THE PLATFORM?

Connect your MetaMask wallet to the website through the Binance Smart Chain
Network and make sure that you have some BNB (BEP-20) in your wallet.

IS IT SAFE?

Jax.Money is fully automated via smart contracts and audited by CertiK. Feel
free to check the security report here.

HOW TO BECOME A LIQUIDITY PROVIDER?

1. Connect your Metamask account and go to the "STAKE" page.


2. Click the Deposit button in the My BUSD staking section.


3. Deposit the initial investment in BUSD.


4. The smart contract will automatically convert half of your deposit to WJAX
and add liquidity to PancakeSwap.


5. The yield is deposited by the governor daily if it meets the minimum payout
requirement.

6. You can harvest the yield anytime.

WHAT LIQUIDITY PAIRS ARE AVAILABLE?

The governor defines the liquidity pairs that are suitable for yield payouts.
Please check the liquidity pairs whitelist here.

WHAT'S THE MINIMUM AMOUNT I CAN STAKE?

The minimum amount for BUSD staking is set at 100$.

HOW TO BECOME A GOVERNOR?

The governor is elected by a simple majority (51%) of VRP token holder votes.


Learn more: Watch Video

WHAT IS VRP?

VRP means Volatility Reserves Pool. They are issued when you stake WJXN-2. VRP
token holders are entitled to VRP yield. The VRP token holders also elect the
governor of Jax.Money.

IS IT SAFE TO STAKE VRP?

VRP holders are at risk as they provide WJXN-2 to refill collateral during times
of under collateralization and they are entitled to the surplus when there is
overcollateralization.

WHAT ARE THESE JAX STABLECOINS BACKED BY?

All stablecoins that are minted on Jax.Money are backed by JAX (WJAX), which in
turn is backed by energy. It means that new coins can only be created when some
amount of energy is spent on mining.

WHAT IS THE EXCHANGE RATE?

The exchange rate is automatically fetched from DEXs. In certain exceptional
cases, such as when there is low liquidity or a lack of oracles, the exchange
rates are set by the governor.

WHAT CRYPTOCURRENCIES ARE SUPPORTED?

At the moment, you can swap WJAX to JAXRE (JAX RUPEE) and JAXUD (JAX DOLLAR). We
plan to complement this list with other localized stablecoins in the future.

HOW TO GET JAX RUPEE?

Connect your Metamask account and go to the “SWAP” page. Make sure you have not
only WJAX but BNB (BEP-20) to pay for swapping.

HOW TO RECEIVE YIELD?

The yield is distributed in WJXN-2 between liquidity providers and VRP token
holders according to the percentage proportion set by the governor.


Learn more about liquidity providers: https://youtu.be/PDGguYcQ-ds


Learn more about VRP token holders: https://youtu.be/IOcFkid2wHM

HOW TO PARTICIPATE IN THE REFERRAL PROGRAM?

The referral program is super easy. Just send a transaction (with a value above
the referral amount threshold set by the governor) to a friend or acquaintance
that will find Jax.Money useful and receive referral commission on their
transactions.


To Learn more about referral program: https://youtu.be/0s2_xmt4Ntc

HOW IS THE APY CALCULATED?

The APY is the latest yield payout ratio projected for 365 days.

HOW OFTEN THE YIELD IS PAID OUT?

The yield is paid out on a daily basis in WJXN-2 if it meets a minimum
threshold.

WHERE DOES THE YIELD COME FROM?

The yield comes from the transaction fees and markup fees collected by the
contract each time a currency swap or a transaction occurs.

WHAT IS THE GOVERNOR RESPONSIBLE FOR?

The list of responsibilities goes as follow:


To set markup and transaction fees


To manage yield distribution


To whitelist currency pairs, bridges, and liquidity providers


To freeze deposits and withdrawals in the platform in the extreme case of an
emergency shutdown

IS THE GOVERNOR REWARDED?

Yes, the governor also receives yield, which can’t be higher than 10% from the
total amount of yield collected.

CAN I SWAP VRP FOR OTHER CRYPTOCURRENCIES?

You can swap VRP back to WJXN-2 anytime, provided the collateral provisions
denominated in WJXN-2 cover more than 100% of WJAX reserves. This
collateralization ratio (currently 100%) can be modified by the governor.

HOW TO SWAP?

Connect your MetaMask account and make sure that you have some BNB (BEP-20) in
your wallet.


Choose tokens you want to swap from the dropdown menu.


Check if the tokens you chose are added to your MetaMask wallet.


Enter the amount you would like to swap.


Check details and confirm the swap.


Confirm the transaction in your wallet.

WHAT IS THE FEE FOR SWAPPING?

The markup fee is set by the governor and may vary from 0% to 2.5%.

I DON’T SEE JAX STABLECOINS IN MY WALLET. HOW TO ADD THEM?

Open your MetaMask wallet and check if the Binance Smart Chain network is
chosen.


Click on the "Add Token" button at the end of the list of assets.


Open the "Custom Token" tab and paste the token contract address.


JAXRE: https://bscscan.com/address/0x86ECE7D9cdA927B3Ec4044Df67B082FA55A1c198

JAXUD: https://bscscan.com/address/0xeff49aED7baaBa69DCBdA577b34850c41e8F5226


©2022. Jax.Money.

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