Jax.Network?

Introduction

Nowadays, DeFi businesses have filled the market, and it may be hard to understand which one offers the best product or service. In that case, clients need to look for competitive advantages and find out whether they are relevant to their objectives. Unlike other companies, we at Jax.Network are ready to lay our cards on the table right here, right now!https://www.youtube.com/embed/A9ZZvk1c1IQ?version=3&rel=1&showsearch=0&showinfo=1&iv_load_policy=1&fs=1&hl=id&autohide=2&wmode=transparent

About Jax.Network?

Jax.Network is anchored to the BTC blockchain that follows the JaxNet protocol and issues scalable, stable, and decentralized JAX coins. We aim at making these coins a universal standard for the quantification of economic value.

Jax.Network is a unique blockchain technology that has no analogs in the market. We created a novel approach to solving the blockchain scalability trilemma.

Thanks to our unique Jax.Network blockchain protocol, which is based on the Proof-of-Work difficulty, we can offer a scalable, decentralized, and secure blockchain now. It also allows us to introduce a fully integrated digital payment ecosystem, where users can both speculate on the value of the coin and use it as a means of payment on a daily basis. Our goal is to establish JAX as a universal standard for the quantification of economic value.

What is a competitive advantage?

Every business needs a special feature that will attract customers and make them come back for more. This feature is often called competitive advantage. So, in other words, it’s something that allows a company to do the job better or cheaper than its competitors. Competitive advantage helps to distinguish one company from a wide range of other companies that offer similar products or services. It also helps to build brand loyalty, attract new customers, and set higher prices.

1. Secure

JaxNet protocol is directly anchored to the Bitcoin ecosystem thanks to its merged-mining algorithm. Therefore, it benefits the same level of security as the BTC network.

2. Scalable

Jax.Network sharding solution allows for a virtually unlimited amount of transactions per second, rivaling that of centralized payment systems like Visa or Mastercard while remaining totally secure and decentralized.

3. Decentralized

Based on Proof-of-Work, Jax.Network employs an equitable merged mining solution and is not subject to general concerns of centralization.

A novel approach for solving the blockchain scalability problem

We based Jax.Network on a universal reward function, sharding, an equitable merged mining solution and a decentralized value transfer ecosystem.

● Universal Reward Function

Jax.Network block reward is based on PoW difficulty and hence the expected value of each JAX coin is mathematically equal across the Universe.

● Sharding

Jax.Network uses pure state sharding. It means that accounts, transactions and validators are distributed between shards, so that verification of a certain transaction doesn’t require any knowledge of the preceding transaction history in other shards.

● Equitable Merged Mining

Our JaxNet protocol is based on the merged mining technique to secure shards from shard-over attacks. Its mining reward system is flexible and balanced. Hence, every participant is rewarded proportionally to his effort in maintaining the network.

● Decentralized Transfer Ecosystem

In Jax.Network, a robust transfer ecosystem following a decentralized exchange protocol facilitates cross-shard transactions.

One Blockchain,Two Coins

1. JAX coin

The cryptocurrency created on top of Jax.Network shard chains is called JAX (JAX). It’s a unit of economic value based on the cost of computing power that can be used as a stable payment method for day-to-day transactions.

2. JXN coin

The cryptocurrency issued on top of the beacon chain of our Jax.Network blockchain is called JAXNET (JXN). It has a fixed reward per block and can be used for speculative purposes and as a store of value.

Jax.Network issues WJXN tokens

Jax.Network officially announces the issuance of Wrapped JAXNET (WJXN) tokens. These tokens will be swapped to JAXNET (JXN) tokens once our Main Network goes live. Until then, if your WJXN tokens are not locked, you will be able to trade them on decentralized exchanges such as Uniswap, PancakeSwap, etc.

During the first phase of our sale, we offer you to buy tokens at the price of $0.77 per coin. Once all 2 mln of coins assigned for this round are sold, the next phase, where 4 mln coins are to be distributed, begins at the price of $0.87. And finally, we’ll issue 10 mln coins at the price of $0.97 during the last phase of our public sale.

As you can see from the tables above, the total number of pre-mined coins is 40,002,163.65. If some of the coins aren’t sold during the public sale, we will burn them.

Roadmap

Core Team

VINOD MANOHARAN – FOUNDER AND CEO

IURII SHYSHATSKYI – CHIEF SCIENTIST

TARAS EMELYANENKO – CTO

LUCAS LEGER – CHIEF ECONOMIST

Key Advisors

DR. ABDELHAKIM SENHAJI HAFID – ADVISOR

TONY G ANTANAS GUOGA – ADVISOR

MRU PATEL – ADVISOR

MR. KEY KARNIKA E. YASHWANT – ADVISOR

Conclusion

Jax.Network is committed to bring value to people by introducing a stablecoin to the Bitcoin ecosystem. It will allow users to carry out rapid and inexpensive transactions that aren’t affected by volatility. As a result, the price of BTC will certainly go up as this new global ecosystem brings a strong use-case for BTC.