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Jade City is a jade-focused RWA platform where lenders receive the physical Jade proceeds, while the remaining profits generated from the purchase, processing and sale of jade are distributed to Jade City Token ($JCT) holders.
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2024-07-16
Consensus Capital
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In my opinion, we are in the biggest era of technological and economic expansion in a long time. I'm excited to see how projects like Jade City innovate by bringing a market as large as Jade straight to the blockchain 🔺 ¿𝐖𝐡𝐚𝐭 𝐉𝐚𝐝𝐞 𝐂𝐢𝐭𝐲 𝐢𝐬? TJC is the first Real World Asset (RWA) platform backed by genuine jade reserves. With over 20 million kilograms of jade already mined, this initiative offers a direct connection between cryptocurrency and tangible assets, ensuring value backed by natural resources. 🔺 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐂𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐕𝐚𝐥𝐮𝐞: Jade has been valued in cultures such as China, where its price can exceed even that of gold. Its constant revaluation makes it a long-term investment with proven growth. 🔺 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲: Being backed by physical reserves, $JCT provides a more stable and tangible alternative in the crypto ecosystem, contrasting with many projects based solely on speculation.
The Orbit Chain project was attacked on January 1, 2024, resulting in a loss of approximately 80 million USD. The attacker stole ETH through a small-scale attack and conducted a large-scale asset transfer. The main reason for the incident may be that the administrator's Private Key storage server was compromised. The project party has suspended the cross-chain bridges contract and is in communication. This incident once again highlights the importance of security in blockchain system design.
New rule: If a token doesn't show holder stats, I'm not touching it. Saved me from too many rugs to count
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