Jade Metropolis, a RWA platform particularly designed for tokenization of the $50 billion-plus jade market, launched its white paper. In keeping with the crew: “The Jade City white paper outlines how the new platform will kick off a new era of RWA tokenization when it launches later in 2024, detailing its supply and value chain, supply and distribution partners, revenue and token model, and ongoing roadmap.” In keeping with 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 mission was co-founded by the house owners of the biggest jade deposit, the paper reads. In keeping with a spokesperson, the mission is being constructed on Base, with a beta platform anticipated in early October.
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