Jax.Network token sale process

You can get our WJXN tokens on Uniswap and PancakeSwap now. Just follow this link for Uniswap and this for PancakeSwap. Please double-check the contract address before you buy any WJXN tokens from DEXs.

WJXN contract addresses:

ERC-20: 0xcA1262e77Fb25c0a4112CFc9bad3ff54F617f2e6

On Etherscan: https://etherscan.io/address/0xca1262e77fb25c0a4112cfc9bad3ff54f617f2e6

BEP-20: 0xca1262e77fb25c0a4112cfc9bad3ff54f617f2e6

On BscScan: https://bscscan.com/address/0xca1262e77fb25c0a4112cfc9bad3ff54f617f2e6

Please ensure that you accept WJXN tokens ONLY from these contract addresses as there’s a chance of malicious users copying these contracts and trying to sell you counterfeit tokens.

The total amount of funds needed to roll out the critical applications and infrastructure of our blockchain is about $16 mln. Hence, we intend to raise a maximum of $16 mln from the market to finance this plan. In this regard, we will burn tokens to ensure that there are no more than $16 mln worth of tokens available at any point. However, since an IDO listing is prone to pumps and dumps, we would like to set a maximum cap on the number of tokens that can be burnt. We set this cap at 11 mln from 16 mln allocated for the public sale (hereafter referred to as the “OpEx wallet”).

We plan to hold burning ceremonies every Wednesday during the course of the token sale starting immediately after our CoinMarketCap and CoinGecko listings, expected within a few weeks from now. And if the last 30-day average token price times the total coins held in the OpEx wallet exceeds a total value of $16 mln, we will burn a maximum of 500,000 tokens during the weekly burning event to reduce the total $ value held in the OpEx wallet. Please note that we will leave a balance of at least 5 mln tokens in the OpEx wallet before the MainNet launch as our fair value estimate of the coins at the present moment is $3.65.

We will also organize one last burning event during the week before the MainNet launch where we will burn up to the maximum cap of 11 mln tokens + any extra tokens in the team wallet (9.45% of the total supply) and the long-term ecosystem growth reserves (±25% of the total supply). We will take the last 30-day average daily token price and burn the tokens that cause the OpEx wallet to exceed the valuation of $16 mln based on the rules described above.

• What about the liquidity for your tokens?

The liquidity pool of 2 mln tokens will be slowly released into Uniswap and PancakeSwap so that they will be available for the community members to buy, sell, and trade. The starting price of 1 WJXN will be the last fixed price registered on Bounce (due to the ETH upward price movement causing a higher than described price) — $0.97. As soon as we release the tokens on the above-mentioned DEXs, they will be governed by the market rules, meaning the price may go up when there are more buyers, and go down when sellers prevail.

• What about the locked tokens and tokens under circulation?

We had mostly raised money through SAFTs in our private sale rounds and the statistics of this was not clear for the community. So, we have decided to organize a token distribution ceremony where we will be releasing all the locked tokens to the corresponding wallet holders. The tokens will be locked as per the terms and conditions using tools such as Unicrypt.

The team’s tokens are locked for 2 years and the team allocation of 9.45% will be adjusted to reflect the new total token supply. The advisors’ tokens remain unchanged. The private pre-sale, pre-seed, seed, and strategic investors’ pools remain unchanged. All the locked tokens will be managed using tools such as Unicrypt.