$0
Glob. Mkt Cap Rank: Unranked
2024-08-07:09:33:51update
24H High
:
0.042737
24H Turnover
:
0.00
Max Supply
:
0.0
24H TR
:
0.0%
24H Low
:
a
24H Vol
:
28376845.42
Curr. Issued
:
10000.0
24H High-Low
:
ATH
:
2066.48
Highest Mkt Cap
:
0.00
Circulating Supply
:
10000.0
Dominance
:
-- --
ATL
:
0.04
Mkt Cap (Float)
:
0.00
Circulating Supply
:
-%
Issue Date
:
2021-11-22
Introduction
Latest News
News Flash
Basic information
Currency Introduction

Jumbo is the latest Defi 2.0 platform, distinguishing itself from previous Defi platforms where liquidity providers lend their liquidity to the platform in exchange for rewards. Instead, Jumbo introduces a novel approach by issuing bonds to users who sell their liquidity to the platform. This new Defi model ensures all liquidity is held within the Jumbo platform, creating a robust foundation for token price stability. As more people earn rewards from the platform, the liquidity pool grows exponentially, and assets generated from transactions flow into the protocol treasury, continually driving up the price of the platform’s token, JUM, and generating higher returns for users.
JUB is the token of the Jumbo platform, representing a new asset class that enables savvy investors to accumulate wealth through staking with auto-compounding or by purchasing bonds. It is a currency controlled by a protocol, with each JUB token backed by a minimum of $1 worth of assets in the protocol treasury. This means the JUB token price will always be ≥ $1, and as the value of the protocol treasury increases, so does the support for the JUB price. Unlike tokens pegged to other assets, the higher the markets recognition of JUB, the higher its price can go, along with increased staking and compounding rewards. This allows its price to potentially far exceed the treasury-backed price, offering holders significant upside potential and compounding returns that are hard to imagine.

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Development History
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