💡NFT Bazaar Idea: Juggernaut(JGN)，the New Star in the DeFi+NFT+DAO space
Dark Horse: DeFi evolution
The most unexpected dark horse in 2020 is DeFi, which has swept the entire crypto world. With the continuous evolution of DeFi, NFT has recently become the latest hot spot. When NFT and DeFi clashes, various innovations and attempts start to explode, and many of them are quite interesting.
At the application level, on the one hand, DeFi+NFT perfectly solves the problem of DeFi’s insufficient asset supply; on the other hand, it empowers creators in an unprecedented way. As time goes by, more and more artists and innovators will definitely take advantage of the unique attributes of these tokens, and then expand them in new ways, giving them stronger, safer and more reliable financial attributes.
Blockchain industry grows fast in 2021. What is the next industry hot spot?
In the accelerated evolution of the blockchain industry, new projects are constantly emerging. Juggernaut (JGN) is the leader among many emerging projects, covering all the evolution from DeFi to NFT to DAO.
Dark horse in the NFT+DeFi+DAO world
JGN aims to create a new DEFI and NFT trading market and improve its business infrastructure, so that token projects can have a real, sustainable and modular business model. JGN dynamically shares value with token holders, mines NFTs, and creates a borderless accountability system through customized JGN synthetic derivatives.
Major features: -NFT exchange-Compatible with Binance Smart Chain and Ethereum public chain-Non-commodity synthetic derivatives-Create and run a DAO and NFT ecosystem
Juggernaut (JGN) is a customizable synthetic derivative issuance platform that focuses on the construction of DEFI & NFT infrastructure. JGN helps blockchain and traditional enterprises create a brand new decentralized and more efficient business model by introducing innovative DeFi modular methods, NFT trading markets, and distributed autonomous organizations (DAO).
Customize your applications and build your own derivatives platform
Use DeFi’s modularity to dynamically allocate profits based on performance
Global cooperation in project decision-making
Allow users to fund and participate in innovative models on the JuggerSwap trading market
Create a DeFi and NFT trading market
Profits are directly given to users and ecological contributors, encouraging higher liquidity, stronger usability and adoption, and exploring a new next-generation decentralized management model.
With the continuous improvement of the underlying technical architecture of JGN, JGN can be applied to multiple product lines at present, laying the foundation for the open finance in the future.
The focus of JGN lies in DeFi, and users can obtain JGN and jXP rewards by staking tokens.
JuggerSwap is currently in the fourth phase, with 2–3 active pools in each phase. There are 4 pools that are currently active:
Pool 1: Stake JGN/ETH UNI-V2 to get JGN’s liquidity mining pool. The mining reward is 150,000 JGN, and it was officially launched on November 13th, 2020 (Beijing time). The current annualized return is as high as 700%.
Pool 2: Stake JGN to get the jXP mining pool. There are 1.75 million jXP in the first reward pool.
Pool 3: Stake JGN to get the JGN mining pool. There is a total of 160,000 JGN in the reward pool
Pool 4: Stake SKM to get jXP, and there is a total of 1 million jXP in the reward pool.
Subvert the blockchain gaming market pattern and create unlimited value-added space for NFT
Once online, Binance Smart Chain’s exclusive “blind box” game JuggerDRAW detonated the market and successfully promoted a new wave of craze in the NFT field. On December 24, 2020, JGN officially launched the NFT “blind box” game. JuggerDRAW made over 10,000 transactions in less than 24 hours after being launched. According to statistics, the number of lucky draws on the chain has exceeded 9800 times and the smart contract on the chain automatically redeemed prizes more than 1500 times in less than 24 hours.
Communities at home and abroad are extremely popular, and JGN is also called the “Bubble Mart” of the blockchain industry by domestic users. The NFT market has been reignited, and JuggerDRAW has also successfully launched an innovative journey in the field of NFT games. Since the JGN “Blind Box” game is based on Binance Smart Chain, it is also a way to test the possibility of NFT asset interoperability
JuggerDRAW is a lucky draw for NFT on the Binance Smart Chain, where users have a chance to win JGN. JGN’s NFT “Blind Box” game uses a system similar to a lottery. It is an interesting and quick game. It is also the first unique “Blind Box Game” on the Binance Smart Chain.
At present, JGN has launched JuggerDRAW v1, v2 and v3 versions, and the game has achieved a complete success. It is worth mentioning that JGN’s latest NFT “blind box” game v3 has been unprecedentedly popular after being launched. All game cards were sold and the data on the chain exceeded 5000 in less than one hour after being launched. The difference between v3 and previous v1 and v2 is that JGN teamed up with Binance Smart Chain partner Thugs.Fi to develop this exclusive NFT game.
The team also added a deflation model to JuggerDRAW. Excluding the rewards, all JGNs taken out by players will be destroyed. This reduces the supply of JGN and ultimately promotes the value of long-term holders.
At present, the gaming market is worth more than 100 billion U.S. dollars, and it is still growing rapidly. Moreover, JuggerDRAW has the potential to penetrate into existing gaming categories and introduce a new NFT “blind box” game type. It is so creative and will meet the demands of the new generation. It also causes a surge in value exchange, thereby greatly increasing the size of the NFT gaming market.
JGN is building a top NFT exchange.
JGN is a pioneer in the field of NFT and DeFi, creating a fully customized DeFi and NFT ecosystem. JGN is developing a more advanced use case in the NFT field, allowing companies and artists to tokenize their assets into their complete ecosystem, supporting the creation and marketization of NFTs. Unlike traditional synthetic asset protocols such as Synthetix and Spartan Protocol, Juggernaut focuses on the non-commodity synthetic market.
JGN’s strategic goal is to create a brand new NFT exchange with interesting blind box games as the attraction. At present, the exclusive JGN BSC community exchange, JuggerWORLD, has been launched, and the exchange has connected the dots between JGN NFT “blind box” game and NFT trading.
The development of NFT on the Binance Smart Chain is now in full swing, and NFT projects are beginning to become popular. The JGN team pays attention to the needs of the community, hoping to have a place to trade them outside the Ethernet network. This is why JGN created JuggerWORLD.
The application cards and limited edition collection cards obtained by users in the JuggerDRAW game can be sold on the JGN NFT exchange. Users can also purchase the cards they need in the game on the JGN NFT exchange. Users can buy, create, sell and trade artworks, trading cards and other types of collectibles on the Binance Smart Chain
At present, JGN is working with Binance Smart Chain (BSC) to recruit talented and creative artists to join JGN’s NFT exchange. JGN will carry out in-depth cooperation with artists and creators from all over the world to jointly design digital artworks. In addition, JGN is also introducing NFT projects to enter the JGN exchange boutique.
From NFT to DAO
JGN is a decentralized game based on NFT-DAO. It features liquidity mining rewards, NFT-based “blind box” games, and a distributed diversified ecosystem based on the underlying technology of the blockchain. The three sections are the DAO of the entire JGN community. DeFi provides high liquidity for this DAO, and NFT provides value support for the entire DAO.
Staking generates profit, which plays a role of introducing traffic in the entire JGN ecosystem, but the focus of JGN lies in NFT. Each card corresponds to an NFT on the chain, with a unique ID and status.
NFT has the characteristics of uniqueness and indivisibility. Generally, NFT often relies on this feature to reflect its cultural value. At present, the most widely used case in the market is the crypto artworks, as is the case with the JGN project. The increase in the value of NFT often represents an increase in players’ recognition of its cultural value. Therefore, the attributes of NFT offers higher returns and community value for users. Due to its scarcity and uniqueness, it will also have higher bargaining space in the auction market.
The ultimate goal of JGN is to achieve DAO governance. JGN uses the NFT-DAO mechanism to condense the consensus of the community and enable more users to truly participate in the governance of the community. The combination of NFT, DeFi and effective governance models will bring unlimited hope
Investment institutions and team behind JGN
JGN’s investors include many well-known institutions such as Australia SFIP Fund, Consensus Lab, Bisheng Capital, Chain Capital, Water Drop Capital, Quest Capital, Pioneer Capital, Taishan Capital, Oak Tree Capital, TokenHODL, Longyue Capital.
The JGN team cooperates with industry-leading BSC projects, including Thugs Finance, Bounce, BurgerSwap, PancakeSwap, Beefy, etc. At the same time, in the Binance Smart Chain (BSC) ecosystem, JGN uses a unique NFT game to effectively combine game props, collectible cards and other NFT products.
The total supply of JGN is 150 million and will never have additional issuance. According to the tokenomics, the current total circulation is about 10%. However, JGN adopts a deflationary model. The profits and fees obtained through games and exchanges will be repurchased in the secondary market and then destroyed to increase the scarcity of JGN. Therefore, the total supply of JGN will become less and less, and JGN will carry an extreme deflation model through repurchase and destruction and achieve a stable increase in the value of JGN.
Although DeFi explodes in the summer of 2020 after being dormant for more than two years, and the various intensive evolutions are dazzling. This is the most innovative stage in the history of crypto world so far. But gold is not everywhere in the DeFi sector. Only the truly valuable project can gain long-term development momentum, and NFT has become the next gold in DeFi. Juggernaut will be the future of DAO, Governance, DeFi and NFT.
About NFT Bazzar：
The brand-new founded NFT Bazaar is one of the most-used aggregators that offering up to hyper-efficient NFT markets to benefit not only NFT token holders, but digital artists, musicians, gamers and all kinds of lovers as well.
NFT Bazaar is more than an info hub, but more like a one-stop digital art gallery and central market interchange that links all live trading venues, investors and creators on this unique platform with ease!! By dedicating to co-contributing the emerging Binance Smart Chain (BSC) ecosystem, NFT Bazaar, in the very near future, will become your handy NFT aggregator full of vitality.
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