Hello everyone, some updates for you all.
15 Jul 2022, 18:13
Hello everyone, some updates for you all.
We are coming up on a milestone, over 1,500 transactions logged for Discount 1 and ~499K JADE minted! We are very happy to have seen all this engagement from our community. š
Last night, I finished up the last series of wallet repair requests, and we will be re-instating a total of ~20 wallets that were previously disqualified. These wallets have opened support tickets with us and provided an abundance of evidence to prove that the wallets they were connected to: (1) do not belong to them, (2) engaged in transactions that were related to other IRL re-payments that did not damage the SmartCoin ecosystem, and/or (3) represented an OTC deal that was arranged with another user. We are proud of upholding our promise to users who followed the rules so that they can bond their JLP for Jade in Discount 1.
In order to update the smart contracts with these new user's wallets added, we will be temporarily halting bonding at the 500k emissions mark. We set the current Discount 1 emissions limit to 500k, which means it will halt shortly (see current Discount 1 emissions here:
Our action plan is to re-launch a new Discount 1 contract for the remaining Jade to be minted, and we will also be adding some new security features to the newly launched contract to ensure that the remainder of the bonding event proceeds smoothly.
Our goal is to have these new contracts launched and hooked up to the website in 6 hours. I will be sure to update you all with another announcement when this process is completed. Again, Discount 1 bonds WILL halt once we reach 500k emissions, and this is on purpose so that we can make the necessary changes to the website.
Thanks again to everyone who has bonded thus far, and we look forward to wrapping up Discount 1 in the next few days!
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Same news in other sources
116 Jul 2022, 03:39
Thank you for your patience while we updated the website and deployed the new Discount 1 bonding contract!
DISCOUNT 1 BONDING IS LIVE AGAIN:
We reached our 500k cap on the old Discount 1 contract, and launched a new Discount 1 contract with a minting cap of 300k JADE. The new contract can be found here:
This contract WILL stop minting Jade at Monday at 4pm UTC, so please be sure to bond before it closes permanently.
Also, Discount 1 JADE will begin vesting after Discount 2 has concluded. This will allow sufficient time to determine any impact of the newly minted JADE on the floor price. We will be sure to update the community on a go forward plan as soon as we have crunched the numbers.
TWO MORE UPDATES/REMINDERS...
1. DO NOT bridge sJADE from BNB Chain to Avalanche. The old sJADE token that is minted by the bridge is being RETIRED. If you still have sJADE that you bridged from to Avalanche from BNB Chain, PLEASE BRIDGE sJADE BACK TO BNB Chain ASAP! Use the following link to do so: We will be deprecating the old Avalanche sJADE token (0x2B9e10bA02Fc97C8D2c99bB20A38fEd9f38c0aA9) and will only use the new Avalanche sJADE token (0x3D9eAB723df76808bB84c05b20De27A2e69EF293) moving forward. The new staking contract is live on our website (https://jadeprotocol.io/#/stake), just make sure to connect with the Avalanche network to use it. You can now stake JADE that has been bridged over from the BNB Chain using that contract. I will also update Collab.land to use the new Avalanche sJADE token for verifying Discord Tier I/II/III roles.
2. I want to thank both @SWARTZBERG (š) and @dapeopleschamp72 (username checks out) for recommending that anyone who wants to sell their JADE, does so using the OTC trading desk over at Dexpools (instead of using the redeem contract). This ensures that users can still get the floor price for their JADE and others can buy it without slippage... and best of all, this will not negatively impact the backing treasury. This allows us to conserve funds and potentially limit downside to the floor price after the bonding event. Obviously, the redeem contract is still available to you, but we appreciate your consideration for this alternative option. š
The redeem page now shows a pop up with a prompt explaining to users how to do this along with a tutorial video by our very own @jonray: If you have never used Dexpools before, consider asking for another Jade user's referral code before signing up!
ā¤ļø Avi
Thank you for your patience while we updated the website and deployed the new Discount 1 bonding contract.
Thank you for your patience while we updated the website and deployed the new Discount 1 bonding contract!
DISCOUNT 1 BONDING IS LIVE AGAIN: https://jadeprotocol.io/#/bond/0
We reached our 500k cap on the old Discount 1 contract, and launched a new Discount 1 contract with a minting cap of 300k JADE. The new contract can be found here: https://snowtrace.io/address/0xab47ded800cee16950ab70f6063d0fe199a4c488.
This contract WILL stop minting Jade at Monday at 4pm UTC, so please be sure to bond before it closes permanently.
Also, Discount 1 JADE will begin vesting after Discount 2 has concluded. This will allow sufficient time to determine any impact of the newly minted JADE on the floor price. We will be sure to update the community on a go forward plan as soon as we have crunched the numbers.
TWO MORE UPDATES/REMINDERS...
1. DO NOT bridge sJADE from BNB Chain to Avalanche. The old sJADE token that is minted by the bridge is being RETIRED. If you still have sJADE that you bridged from to Avalanche from BNB Chain, PLEASE BRIDGE sJADE BACK TO BNB Chain ASAP! Use the following link to do so: https://bridge.jadefinance.io/. We will be deprecating the old Avalanche sJADE token (0x2B9e10bA02Fc97C8D2c99bB20A38fEd9f38c0aA9) and will only use the new Avalanche sJADE token (0x3D9eAB723df76808bB84c05b20De27A2e69EF293) moving forward. The new staking contract is live on our website (https://jadeprotocol.io/#/stake), just make sure to connect with the Avalanche network to use it. You can now stake JADE that has been bridged over from the BNB Chain using that contract. I will also update Collab.land to use the new Avalanche sJADE token for verifying Discord Tier I/II/III roles.
2. I want to thank both @SWARTZBERG (š) and @dapeopleschamp72 (username checks out) for recommending that anyone who wants to sell their JADE, does so using the OTC trading desk over at Dexpools (instead of using the redeem contract). This ensures that users can still get the floor price for their JADE and others can buy it without slippage... and best of all, this will not negatively impact the backing treasury. This allows us to conserve funds and potentially limit downside to the floor price after the bonding event. Obviously, the redeem contract is still available to you, but we appreciate your consideration for this alternative option. š
The redeem page now shows a pop up with a prompt explaining to users how to do this along with a tutorial video by our very own @jonray: https://youtu.be/mW4LndtOTgA. If you have never used Dexpools before, consider asking for another Jade user's referral code before signing up!
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