Elastic Supply

JAY Elastic Supply

While the vault will grow, in terms of ETH, from every transaction on Jaypeggers, the potential gains for JAY holders would be hindered by a large or infinite supply. In order to maximize potential gains, JAY exhibits an elastic supply that is controlled by a built-in mint/burn mechanism.

JAY is minted in exchange for harvesting NFTs, and the only other way to mint JAY is by purchasing it on the Jaypeggers app. These purchases are subject to a fee, similar to a reflection tax, to offset the supply increase and incentivize holding.

Conversely, JAY is burned when users purchase NFTs from the Arbitrage Marketplace. JAY can also be sold the Jaypeggers app. When JAY is sold, 100% of the tokens being sold are burned and a portion of their ETH backing is retained in the vault. This burn mechanism benefits holders by increasing the value of the vault while simultaneously decreasing supply and offering further incentive to hold JAY.

See detailed fee structure and logic in JAY Token.

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