Sell JAY
Selling JAY
Similar to the above purchasing method, JAY can also be sold for ETH directly through the Jaypeggers app. At the point of sale, users receive 90% of their JAY's value in ETH from the Jaypeggers vault. The remaining 10% is allocated at 2% to LP stakers, 1% to the Jaypeggers team, and 7% is retained in the vault. The underlying JAY tokens are burned causing a decrease to the total supply whilst the 7% vault retention increases the amount of ETH backing JAY. The process of reducing supply and simultaneously increasing ETH backing ensures that the value of JAY will increase even when it is being sold.
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