What is JuiceboxDAO (JBX)?
Protocol Juice box is a platform that lets DAO tasks to increase money from the neighborhood. Juicebox serves as a programmable treasury protocol that teams can customize for on-chain treasury management. JuiceboxDAO adapts the Juicebox protocol.
How to increase capital for tasks referred to as JuiceboxDAO protocol
There are two techniques tasks can increase money (ETH) on Juicebox:
- Allow end users to shell out to use apps or providers
- Allow end users to invest or contribute to the task
In the two instances, contributors acquire a specified quantity of task tokens at the finish of the funding round. The task also generates an NFT, which represents ownership of the task. Projects can use the produced token as compensation to join and turn into a member of their neighborhood.
To date, there have been 342 Juicebox-funded tasks with raised capital of $ 155 million (having said that, most of that capital has been donated to ConstitutionDAO and AssangeDAO tasks). Juicebox raised about $ three million in protocol charges, just about two% of the complete raised.
What solutions does JuiceboxDAO provide?
Juicebox provides optional incentive structures for fundraising. Projects are very likely to launch at a discounted fee to inspire traders to invest sooner. This signifies that the variety of neighborhood tokens assigned for every contributed quantity will lower by a price reduction fee at every subsequent funding cycle (set by the task creator).
Projects can set funding targets, and if the raised quantity exceeds the first target, the extra will be locked into an overflow pool.
Users who hold the task token can thoroughly use the token in exchange for their contribution (ETH) to the task. JuiceboxDAO utilizes a bond curve model to distribute ETH from the overflow pool in the type of rewards to individuals who opt for to lock coins for a longer time period of time.
Currently, a task can propose alterations to its contract, as Juicebox is a programmable alternative, but it will consider impact soon after the finish of the funding cycle (~ 14 days). The tasks transfer five% of the money as charges to Juicebox treasury to keep the protocol, and proportional JBX tokens are presented in exchange.
Outstanding tasks raised capital on JuiceboxDAO
AssangeDAO closed its fundraiser on February eight with just about $ fifty five million raised, the highest quantity of capital ever raised from a Juicebox task to date. This is a group of men and women who are raising money to order NFT from Pak in buy to cost-free Julian Assange and the contributors will acquire JUSTICE tokens. This funding campaign was finished in excess of a 5 day time period.
ConstitutionDAO employed Juicebox to fund an hard work to order a copy of the United States Constitution from Sotheby’s – the collective raised $ 41 million, but in the end misplaced. Donors can now Persons their tokens or exchange Persons tokens for ETH as it is a exceptional DAO, no longer needing the capital raised. While the collective did not win the tender, it has proven that DAO and precision equipment can deliver with each other and coordinate huge numbers of contributors and funding, not via other entities.
Basic information and facts about the JBX token
- Token identify: Juice box
- Ticker: JBX
- Blockchain: Ethereum
- Token normal: ERC-twenty
- To contract: 0x3abf2a4f8452ccc2cf7b4c1e4663147600646f66
- Token form: Government
- Total provide: unstable
- Circulating provide: one,174,274,298 JBX
Token allocation
- Juicebox group: 28.eight%
- Treasure: eight.six%
- Public sale: 62.six%
Token release plan
Updating
What is the JBX Token for?
Administration.
JBX Token Storage Wallet
JBX is an ERC20 token, so you will have quite a few wallet choices to retail outlet this token. You can opt for from the following wallets:
- Floor wallet
- Popular ETH wallets: Metamask, Myetherwallet, Mycrypto, Coin98 Wallet
- Cool wallets: Ledger, Trezor
How to earn and very own JBX tokens
Buy immediately on the stock exchange.
Where to invest in and promote JBX tokens?
JBX is now traded on Uniswap, Hoo.com, Xt.com exchanges with a complete everyday trading volume of about 119 thousand USD.
Roadmap
Updating
What is the long term of the JuiceboxDAO task, should really I invest in JBX tokens or not?
Fruit juice knife is a fundraising platform for DAO tasks. Currently, there are extra than 300 tasks funded via this platform, the most productive remaining ConstitutionDAO, AssangeDAO. Through this write-up, you will have to have by some means grasped the primary information and facts about the task to make your investment selections. Coinlive is not accountable for any of your investment selections. I want you results and earn a good deal from this prospective industry.
