Protocol Village: Worldcoin, Sam Altman-Backed Crypto Project Known for Iris-Scanning Orbs, Turns to ‘1:1 Face Comparison’
Jade City, a project for DeFi tokenization of the $50 billion-plus jade market, released its white paper. According to the team: “The Jade City white paper outlines how the new platform will kick off a new era of RWA tokenization and DeFi market access when it launches later in 2024, detailing its supply and value chain, supply and distribution partners, revenue and token model, and ongoing roadmap.” According to the white paper: “The economy of Jade City is powered by a community-funded value chain. The Jade City community gains access to raw material by purchasing a treasury bond with a stablecoin such as USDT. These funds are used to acquire jade early in the value chain. In return, part of the profit generated from processing and sales is given back to bond holders in the form of tokenized physical jade. The majority of the remaining profit is used to buy. and burn the $JCT token, channeling value to the token holders.” The project was co-founded by the owners of the largest jade deposit, the paper reads. According to a spokesperson, the project is being built on Base, with a beta platform expected in early October.
